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Business
Elf Beauty stock slides after Muddy Waters says it has shorted its shares
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Activist investor Gatemore calls on UK pollster YouGov to explore sale
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Three strategic ways to adapt the financial services workforce to new realities
Business
Transforming transactions: How embedded payments enhance checkout experiences
STMicro partners with Hua Hong as chipmakers need China, says CEO
Date: November 20, 2024
By Toby Sterling and Nathan Vifflin AMSTERDAM (Reuters) – The chief executive of European computer chipmaker STMicroelectronics on Wednesday announced new plans to partner with Chinese foundry Hua Hong, arguing that having local manufacturing in China is vital to its competitive position. The remarks by CEO Jean-Marc Chery come amid demands by the European, U.S....
LVMH brands can choose to forge deals with Paris FC soccer club or not, Arnault family says
Date: November 20, 2024
PARIS (Reuters) – The Arnault family holding will not pressure LVMH brands into forging partnerships with Paris FC once it acquires a controlling stake in the French capital’s soccer club, Antoine Arnault, son of billionaire Bernard Arnault, said on Wednesday. Instead, if brands want to do so, Antoine Arnault said he would put them in...
Ford to cut 14% of European jobs, blaming EV shift challenge, Chinese rivals
Date: November 20, 2024
LONDON (Reuters) – Ford said on Wednesday it would cut around 14% of its European workforce, blaming losses in recent years amid weak demand for electric vehicles, poor government support for the shift to EVs, and competition from subsidized Chinese rivals. The U.S. automaker is the latest – after Nissan, Stellantis and GM – to...
Ford to cut 14% of European jobs, blaming EV shift and rising competition
Date: November 20, 2024
By Nick Carey LONDON (Reuters) – Ford said on Wednesday it would cut around 14% of its European workforce, blaming significant losses in recent years compounded by weak demand for electric vehicles, a lack of government support for the shift to EVs, and rising competition. The U.S. company is the latest automaker after Nissan, Stellantis...
Elior forecasts slower revenue growth for 2025, shares slump
Date: November 20, 2024
By Mathias de Rozario (Reuters) -French food caterer Elior said on Wednesday it expected revenue growth to slow down in the year from Oct. 1, echoing comments from rival Sodexo and sending its shares tumbling more than 17% by 0918 GMT. Elior, which has taken longer to recover from the pandemic than Sodexo and or...
Tereos warns of more trouble ahead after low sugar prices cut H1 results
Date: November 20, 2024
By Sybille de La Hamaide PARIS (Reuters) – French group Tereos, one of the world’s largest sugar makers, on Wednesday reported an 18% drop in its first-half net profit, pressured by a fall in sugar and sweeteners prices, and warned of a further decline in the second part of its fiscal year. The group’s net...