Business

The Business category explores corporate strategy, leadership, mergers, acquisitions and regulatory reforms. In line with Global Banking & Finance Review’s commitment to industry news and case studies, it offers analysis to help executives navigate an evolving business landscape.

Image for Bumble posts quarterly sales drop amid slow payoff from app overhaul
Business

Bumble posts quarterly sales drop amid slow payoff from app overhaul

(Reuters) -Bumble posted on Wednesday its first decline in quarterly sales since going public in 202...

7th November, 2024

Image for Coty sees annual profit at low end of forecast as mass beauty demand slows
Business

Coty sees annual profit at low end of forecast as mass beauty demand slows

(Reuters) – Coty on Wednesday said it expects annual profit to come in at the low end of its forecas...

7th November, 2024

Image for Italy’s Banco BPM bids for asset manager Anima in 1.6 billion euro ‘bancassurance’ deal
Business

Italy’s Banco BPM bids for asset manager Anima in 1.6 billion euro ‘bancassurance’ deal

By Andrea Mandala MILAN (Reuters) – Italy’s third-largest Banco BPM on Wednesday said it would launc...

7th November, 2024

Image for Safran appoints new CEOs for its Aircraft Engines, Electrical & Power units
Business

Safran appoints new CEOs for its Aircraft Engines, Electrical & Power units

(Reuters) – Safran has appointed Stephane Cueille as CEO of its Aircraft Engines unit, replacing Jea...

7th November, 2024

Image for German retailers expect higher revenues this Christmas season, HDE forecasts
Business

German retailers expect higher revenues this Christmas season, HDE forecasts

BERLIN (Reuters) – The German retail sector is expecting a slight increase in sales this Christmas s...

6th November, 2024

Image for NEW LEADERSHIP TEAM DRIVES MAJOR YEAR-ON-YEAR GROWTH AT INFINOX CAPITAL LIMITED
Business

NEW LEADERSHIP TEAM DRIVES MAJOR YEAR-ON-YEAR GROWTH AT INFINOX CAPITAL LIMITED

Companies House filings show a 117% increase in pre-tax profits and 70% reduction in administration...

6th November, 2024

Image for Umicore to pause construction of battery materials plant in Canada
Business

Umicore to pause construction of battery materials plant in Canada

By Nathan Vifflin (Reuters) -Metals recycler and battery materials producer Umicore will pause const...

6th November, 2024

Image for Barry Callebaut sees a second year of flat sales volumes on high cocoa prices
Business

Barry Callebaut sees a second year of flat sales volumes on high cocoa prices

By Andrey Sychev (Reuters) – Swiss chocolate maker Barry Callebaut posted annual profit growth as it...

6th November, 2024

Image for Jeweller Pandora’s shares sink as warns soaring silver could dent margins
Business

Jeweller Pandora’s shares sink as warns soaring silver could dent margins

By Isabelle Yr Carlsson and Louise Rasmussen COPENHAGEN (Reuters) -Pandora said on Wednesday that hi...

6th November, 2024

Image for Evonik’s cost cuts help it beat Q3 core profit expectations
Business

Evonik’s cost cuts help it beat Q3 core profit expectations

(Reuters) – German chemicals group Evonik Industries reported third-quarter core profit above market...

6th November, 2024

Image for Hensoldt boosted by sensors and integration of software firm
Business

Hensoldt boosted by sensors and integration of software firm

By Chiara Holzhaeuser (Reuters) – Hensoldt reported on Wednesday a 24.1% rise in adjusted core profi...

6th November, 2024

Image for Honda posts 15% fall in Q2 operating profit, missing forecasts
Business

Honda posts 15% fall in Q2 operating profit, missing forecasts

TOKYO (Reuters) -Japan’s Honda Motor reported a surprise 15% drop in second-quarter operating profit...

6th November, 2024