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Business
Volkswagen appoints former Rivian executive as head of American business
Business
Nestle open to partnerships for water business -exec
Business
Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens
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Medtronic lifts annual profit view on steady demand for medical devices
Allianz Trade Global trade outlook
Date: November 19, 2024
Following the results of the US elections, US-China relations will remain tense and continue to fragment global trade. A renewed but contained trade war could bring nominal global trade growth below 5% in 2026 (-0.6pp), with USD67bn of exports at risk in Europe and China in 2025-26 (half of the global total). Over the past...
Tobacco firm Imperial Brands’ FY profit beats forecasts
Date: November 19, 2024
LONDON (Reuters) – Cigarette maker Imperial Brands on Tuesday reported a 4.6% rise in adjusted operating profit, surpassing analyst expectations. (Reporting by Emma Rumney, Editing by Louise Heavens)...
Vivendi sees steady growth for Havas, Canal+ ahead of spin-offs
Date: November 18, 2024
By Alban Kacher, Leo Marchandon and Gianluca Lo Nostro (Reuters) -Vivendi on Monday projected moderate earnings growth for Canal+ and Havas, set to be spun off as part of the French media conglomerate’s proposed break-up, ahead of their investor day events. The group led by tycoon Vincent Bollor plans to list Canal+ in London while...
Enel cautious on US solar panel project, committed to Brazil grids
Date: November 18, 2024
MILAN (Reuters) – Italy’s Enel has grown cautious on a solar panel project in the United States, but is committed to invest to keep its concessions in Brazil and Chile, the utility’s chief executive said on Monday. Presenting the group’s updated three-year strategy to 2027, Enel’s CEO Flavio Cattaneo said the company would press...
UK creates new businesses at slowest rate since 2010
Date: November 18, 2024
LONDON (Reuters) – Britons started new businesses last year at the slowest rate since 2010, a potential warning sign for longer-term economic growth and productivity, according to official data published on Monday. The number of new businesses started in the United Kingdom fell to 316,000 in 2023 from 337,000 in 2022, the Office for National...
Exclusive-Crisis-hit EV battery champion Northvolt struggles to hit production targets
Date: November 18, 2024
By Marie Mannes Embattled green tech player Northvolt has missed some in-house targets and has curtailed production at its battery cells plant in northern Sweden, according to internal company documents and company sources, underscoring the challenge of ramping up output. Two unpublished documents reviewed by Reuters, marked “Production plan 2024”, show Northvolt has since early...