business
Business
European car sales flat in October, EVs gain ground, ACEA says
Business
VW union proposes $1.6 billion of cuts, but no plant closures
Business
PZU to look at bank holdings as part of new strategy, CEO says
Business
Norway’s Equinor cuts 20% of staff at renewables unit
Royal Mail owner IDS returns to profit but warns on cost environment
Date: November 21, 2024
(Reuters) -International Distribution Services reported a first-half adjusted operating profit on Thursday, as sustained parcel demand helped the British firm narrow losses at its Royal Mail business despite a weaker-than-expected market. Royal Mail’s reported losses include an impairment charge, chiefly due to expected additional tax burden reflected in an about 120 million pound annual increase...
UK’s JD Sports says discounting, cautious consumer to dent profit
Date: November 21, 2024
LONDON (Reuters) -British sportswear retailer JD Sports Fashion warned annual profit would come in at the lower end of its guided range after a tough October of discounting, unseasonable weather and consumer caution. FTSE 100-listed JD, which sells Nike, Adidas, On, HOKA and other brands in Britain, Europe and the United States, said volatile trading...
European car sales flat in October, EVs gain ground, ACEA says
Date: November 21, 2024
By Greta Rosen Fondahn and Alessandro Parodi (Reuters) – New car sales in Europe were flat in October, after falling for two consecutive months, industry data showed on Thursday, while the transition to fully electric or hybrid models gained ground in the month. An uptick in total sales in Spain and Germany, of 7.2% and...
Julius Baer posts growth in net inflows, CEO to begin Jan. 9
Date: November 21, 2024
ZURICH (Reuters) – Julius Baer said on Thursday it had registered increased growth in net new money during the July-October period as the Swiss bank said its incoming new CEO Stefan Bollinger would start work on Jan. 9. In the first ten months of 2024, assets under management (AUM) rose to 480 billion Swiss francs...
Comcast to spin off some cable TV networks as streaming dominates
Date: November 21, 2024
By Dawn Chmielewski (Reuters) -Comcast said on Wednesday that it plans to spin-off the bulk of its fading NBCUniversal cable TV networks, including MSNBC and CNBC, as the company said it is repositioning itself for growth in the streaming era. Shares of the company were off less than 1% after the announcement that Comcast would...
Nissan Motor urges UK to ease EV targets amid weak demand
Date: November 21, 2024
(Reuters) – Nissan Motor urged the UK government on Wednesday to ease up its electric vehicle mandate, which encourages manufacturers to move from petrol and diesel vehicles to EVs. Britain’s Zero Emissions Vehicle (ZEV) Mandate, introduced by the former Conservative government, requires at least 22% of an automaker’s new car sales in 2024 to be...