Business
Business
Stellantis, Zeta Energy Agree to Jointly Develop Lithium-Sulfur Ev Batteries
Business
M&s Can Tear Down Flagship Marble Arch Store, Says UK Government
Business
Partner or Personnel: Deciding Between Agency Expertise and In-House Marketing for Financial Brands
Business
More HSBC Senior Managers to Go as CEO Continues Overhaul
Volkwagen’s German Plants Must Get More Efficient, CFO Says
Date: December 5, 2024
By Victoria Waldersee BERLIN (Reuters) -Volkswagen’s finance chief said on Thursday its labour force would need to shrink if its German factories did not become more efficient and that the group’s dividends would fall in line with earnings. “Today, our German plants are not competitive. Without improving their efficiency and performance, we cannot maintain current...
German Christmas Markets Get Creative as Prices Hit New Highs
Date: December 5, 2024
By Maria Martinez BERLIN (Reuters) – For Eva Henschke, Germany’s Christmas markets are a chance to temporarily forget about the colder, darker days with a hot mug of mulled wine or eggnog and a bratwurst off the grill. But more so than in years past, she has had to keep a careful eye on costs...
Exclusive-As Tariffs Loom, Gillette-Razor Maker P&g Sourcing More Steel From India
Date: December 5, 2024
By Jessica DiNapoli and Richa Naidu NEW YORK (Reuters) – Procter & Gamble has overhauled its supply chain for the tiny, extra-thin strips of stainless steel in its Gillette razors to source from India, a move expected to help protect its margins from any tariffs U.S. President-Elect Donald Trump may impose. The stainless steel the...
‘Kicked in the Face’: Frasers Blames UK Budget for Profit Downgrade
Date: December 5, 2024
By James Davey LONDON (Reuters) -Major British retailer Frasers said it felt “kicked in the face” by the government’s tax hiking budget, blaming it for a drop in consumer confidence that forced a cut to annual profit guidance. Shares in Frasers, formerly called Sports Direct and majority owned by Mike Ashley, plunged 12% on Thursday...
Over Half UK Firms Plan to Raise Prices, Cut Jobs After Budget, BoE Survey Shows
Date: December 5, 2024
LONDON (Reuters) -More than half of British employers plan to raise their prices and cut jobs in response to the new government’s first budget, according to a survey published by the Bank of England on Thursday. Almost 60% of firms expected to lower their profit margins to cope with an increase in social security contributions...
UK Electric Vehicle Sales Surge 58% Yoy in Nov, Industry Data Shows
Date: December 5, 2024
(Reuters) -New battery electric vehicle (BEV) sales in UK rose 58% in November, marking the eleventh straight month of growth, industry data showed, driven by deep discounts to meet government-mandated levels. However, overall new car sales for the month fell 1.9% from a year ago to 153,610 units, due to waning demand among private buyers,...