business
Business
Amazon, IKEA join other ocean cargo shippers to boost demand for new green fuels
Business
Just Eat Takeaway sells US unit Grubhub for $650 million, shares jump 20%
Business
Swisscom’s Vodafone Italia acquisition cleared by Italian communications authority
Business
Factbox-Seven & i’s reported offer and the biggest management buyouts to date
German union says auto and engineering workers to get 5.5% wage rise
Date: November 12, 2024
By Alexander Hübner and Ilona Wissenbach MUNICH/FRANKFURT (Reuters) -Workers at German carmakers and engineering companies will receive a 5.5% wage increase over 25 months under a pilot deal struck with employers, the country’s largest industrial union said on Tuesday. The agreement, hammered out after a marathon 18 hours of tough negotiations, is set to cover...
Chemicals maker BASF India Q2 profit falls 14% on higher input costs
Date: November 12, 2024
(Reuters) – Chemicals maker BASF India posted a 14.2% drop in second-quarter profit on Tuesday, hurt by higher input costs amid the Middle East crisis. Net profit fell to 1.28 billion rupees ($15.2 million) for the three months ended Sept. 30, from 1.49 billion rupees a year earlier. The Indian arm of Germany’s BASF saw...
Mediobanca shares slide 7% following revenue miss
Date: November 12, 2024
MILAN (Reuters) – Italy’s Mediobanca missed revenue estimates and cut its full-year net interest income forecast on Tuesday, sending shares down more than 7% despite a better-than-expected quarterly profit. For the current fiscal year, the bank now sees flat net interest income (NII) as it prioritizes growing total financial assets by attracting deposits, taking advantage...
German TV customer losses hit Vodafone
Date: November 12, 2024
LONDON (Reuters) -Mobile operator Vodafone on Tuesday reported a sharp downturn in Germany, it biggest market, in the second quarter after it was hit by a change in the law on TV sales, sending its shares 4% lower. The British company said that despite the customer losses in Germany, growth in Turkey, Africa and other...
SoftBank swings back to quarterly profit with $7.7 billion gain
Date: November 12, 2024
By Anton Bridge TOKYO (Reuters) -Japan’s SoftBank Group swung to a 1.18 trillion yen ($7.7 billion) net profit in the three months to September, as the tech giant benefitted from higher share prices of listed companies in its Vision Fund investment vehicles. The results handsomely beat expectations for a 287 billion yen ($1.87 billion) profit...
AstraZeneca lifts 2024 revenue and profit forecast after Q3 beat
Date: November 12, 2024
(Reuters) – Drugmaker AstraZeneca lifted its annual sales and profit forecast for the second time in less than four months on Tuesday, helped by resilient demand for its cancer and rare diseases medicines, after third-quarter results beat estimates. The London-listed company now expects 2024 revenue and core earnings per share to grow by high teens...