Business
Business
Hapag-Lloyd Expects Lower Profitability in Fourth Quarter
Business
Seeking Higher Margins, Stellantis CEO Tavares Lost Some Core Customers
Business
Delivery Hero Sees 100 Million Euro Hit From Making Spanish Riders Employees
Business
Scottish Power Invites Grangemouth, Isg Workers to Apply
Euro Zone Nov Factory Activity Fell Sharply; Outlook Gloomy, PMI Shows
Date: December 2, 2024
LONDON (Reuters) – Euro zone manufacturing activity fell sharply last month and a further decline in demand likely dashed any hopes for an imminent recovery after the sector had showed some signs of stabilisation in October, a survey showed. HCOB’s final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, sank to 45.2...
Stellantis Drops After CEO Tavares Resigns
Date: December 2, 2024
(Reuters) -Shares in Stellantis slumped as much as 8.9% on Monday, hitting their lowest in more than two years, after CEO Carlos Tavares resigned abruptly on Sunday, deepening investors’ worries about the turnaround of the world’s No. 4 carmaker. His exit leaves a void at the top of the company at a time of tumult...
Polish Manufacturing PMI Dips as New Orders Fall, Outlook Weakens
Date: December 2, 2024
WARSAW (Reuters) – Poland’s manufacturing sector saw a renewed contraction in November as new orders fell at their fastest pace in three months, pushing output back into decline, an S&P Global business survey showed on Monday. The Poland Manufacturing Purchasing Managers’ Index (PMI) slipped to 48.9 in November from 49.2 in October, marking the first...
Delivery Hero Says Glovo Riders in Spain to Become Employees
Date: December 2, 2024
(Reuters) – Delivery Hero said on Monday that freelance riders at its Glovo unit in Spain will be hired as employees. “Glovo management decided to change from a freelance model to an employment based model for its delivery riders in Spain to avoid further legal uncertainties leading to an increase of contingencies,” the company said...
Prosus Nearly Doubles Profit in H1 on Strong E-Commerce, Tencent Growth
Date: December 2, 2024
JOHANNESBURG (Reuters) – Dutch technology investor Prosus NV reported on Monday an 89.5% jump in core headline earnings during its half year, driven by accelerated growth and improved profitability of its e-commerce businesses and China’s Tencent. Prosus, majority-owned by South Africa’s Naspers, said core headline earnings per share (HEPS) from continuing operations rose to 144...
Unilever CEO Looking to Sell Food Brands With $1 Billion in Sales, Fd Reports
Date: December 2, 2024
AMSTERDAM (Reuters) – Unilever is looking to sell several food brands that have combined sales of around 1 billion euros ($1.05 billion), Chief Executive Officer Hein Schumacher told Dutch financial daily FD in an interview published on Monday. Schumacher did not specify which brands Unilever wants to sell as part of its earlier announced plans...