-- Italy's private sector returned to expansion territory in April, with the service sector's renewed new business intake mitigating the impact of a decline in manufacturing orders.
The Italy Composite PMI Output Index stood at 50.5 in April, up from 49.2 in March, S&P Global said Wednesday.
On the services side, the PMI was 49.8, compared with the previous 48.8 and expected 47.9, according to Investing.com data.
Zhuhai Rundu Pharmaceutical (SHE:002923) obtained approval from China's National Medical Products Administration for the marketing of losartan potassium, according to a Shenzhen bourse filing on Wednesday.The drug is used for the treatment of primary hypertension and chronic heart failure.The pharmaceutical company's shares rose by less than 2% at the close.
Britain's private sector output growth increased in April, indicating a moderate rise in manufacturing production and in services sector activity, data from S&P Global showed.The seasonally adjusted S&P Global UK PMI Composite Output Index rose to 52.6 from 50.3 in March, according to final data published Wednesday. The flash estimate stood at 52.Meanwhile, the services PMI came in at 52.7, compared with the previous month's 50.5 and the preliminary reading of 52.
Versigent (VGNT) reported Q1 net income Tuesday of $81 million, down from $96 million a year earlier.Net sales for the quarter ended March 31 were $2.21 billion, up from $2.02 billion a year earlier.Analysts surveyed by FactSet expected $2.09 billion.The company said it expects 2026 revenue of $9.10 billion to $9.40 billion. Analysts surveyed by FactSet expect $9.25 billion.Shares of the company traded more than 5% higher in recent premarket activity Wednesday.Price: $39.39, Change: $+1.89, Percent Change: +5.04%