Business
Business
Ford to Cut 14% of European Jobs, Blaming Ev Shift and Rising Competition
Business
Elior Forecasts Slower Revenue Growth for 2025, Shares Slump
Business
Tereos Warns of More Trouble Ahead After Low Sugar Prices Cut H1 Results
Business
Factbox-Top 20 Global Family-Owned Retail Businesses
Sweden’s Northvolt Appoints Restructuring Expert to Oversee Main Facility -Report
Date: November 20, 2024
COPENHAGEN (Reuters) – Northvolt has appointed restructuring expert Paul O’Donnell to oversee the lithium-ion battery maker’s main facility in northern Sweden, Bloomberg News reported on Wednesday. O’Donnell will become chairman of Northvolt Ett, the group’s key battery cells plant in Sweden, according to the Bloomberg report, which cited a company spokesperson. Northvolt did not immediately...
Discounter Lidl to Step up UK Store Openings
Date: November 20, 2024
By James Davey LONDON (Reuters) -The British arm of German discount supermarket chain Lidl will accelerate its new store openings in the next few years after they slowed to just 15 in its 2023/24 financial year, it said on Wednesday. Having opened 50 stores in 2022/23, Lidl GB focused its investment in the year ended...
Cinven Secures Italian Nod to Sell Minority Stake in Synlab to Labcorp
Date: November 20, 2024
ROME (Reuters) – Private equity firm Cinven secured a conditional approval from Italian authorities over its plan to sell a 15% stake in diagnostic service provider Synlab to laboratory operator Labcorp, a government document sent to parliament showed. Golden powers legislation requires Italian government approval for any decision which results in changes in the ownership,...
Vw Plans for Factory Closures Cross Several Red Lines, Works Council Chief Says
Date: November 20, 2024
WOLFSBURG/BERLIN (Reuters) – Volkswagen is planning to shut factories in every scenario presented to labour representatives, putting both factions on collision course in a dispute over pay and jobs, and raising the spectre of strikes. Daniela Cavallo, speaking a day ahead of a third round of negotiations between VW management and unions, said the proposals...
Nokia Wins ‘multi-Billion’ Dollar Deal in India
Date: November 20, 2024
HELSINKI (Reuters) – Finnish telecom equipment supplier Nokia on Wednesday said it had won a “multi-billion” dollar deal with India’s Bharti Airtel for delivery of 4G and 5G equipment. Sources familiar with the talks told Reuters last month Nokia and Bharti were nearing a deal worth several billion dollars to expand Bharti’s network in India....
Ninety One Enters Partnership With Sanlam, Assets Rise 1%
Date: November 20, 2024
LONDON (Reuters) – Asset manager Ninety One has entered an investment partnership with South African life insurer Sanlam, it said on Wednesday, as it recorded a 1% rise in assets in the first half to 127.4 billion pounds ($161.85 billion). Ninety One will gain preferred access to Sanlam’s distribution network and become its primary active...