business
Business
CEOs of European chip makers concerned about nationalist industrial policies
Business
Walmart, other US retailers import fewer Christmas goods ahead of tepid holiday season
Business
Asterion agrees to sell data centre operator Nabiax to Aermont
Business
German regulator sets stamp price guidelines, shrugging off DHL protest
Schroders’ new CEO shakes up top team after bruising year
Date: November 11, 2024
LONDON (Reuters) – New Schroders CEO Richard Oldfield has more than halved the size of the asset manager’s executive team as he looks to reboot performance after a string of disappointing earnings updates and big ticket client exits. Former finance chief Oldfield takes over from long-standing boss Peter Harrison who retired on Friday, and in...
Moncler repeats it won’t comment on ‘unsubstantiated rumors’ about Burberry
Date: November 11, 2024
MILAN (Reuters) – Italy’s Moncler on Monday reiterated it would not comment “on unsubstantiated rumors”, when asked about a Daily Mail report about a possible takeover by the luxury outerwear maker for British luxury brand Burberry. Shares in Burberry rose 3% in early trade after the Daily Mail reported that the British label was close...
Fonterra raises milk price forecast and confirms plans to exit consumer-facing business
Date: November 11, 2024
By Rajasik Mukherjee (Reuters) -New Zealand dairy giant Fonterra Co-operative raised its milk price forecast on Monday and said it would go ahead with a potential divestment of its global consumer business and integrated operations in Oceania and Sri Lanka, propelling its shares to a one-week high. Shares of the co-operative group rose as much...
Australia’s Novonix inks deal to supply synthetic graphite to Stellantis
Date: November 11, 2024
(Reuters) – Australian battery maker Novonix said on Monday it had signed a binding off-take agreement with automaker Stellantis to supply high-performance synthetic graphite material to its cell manufacturing partners in North America. As part of the agreement, the Brisbane-headquartered firm will supply a minimum of 86,250 metric tons, up to a target volume of...
Continental cuts sales guidance, posts Q3 profit beat
Date: November 11, 2024
(Reuters) – German automotive and industrial supplier Continental on Monday cut its sales guidance for the second time this year, blaming weak demand in Europe and North America, even as it posted third-quarter core profit above expectations. Continental now expects sales for 2024 to be between 39.5 and 42 billion euros ($42.9 and $45 billion),...
Stellantis, partner Leapmotor scrap plan to make second EV model in Poland, sources say
Date: November 11, 2024
SHANGHAI (Reuters) -Stellantis and its Chinese partner Leapmotor have scrapped a plan to make a second electric vehicle model at the European automaker’s plant in Poland, two people with knowledge of the matter told Reuters. The joint venture is instead considering using a Stellantis factory in Eisenach, Germany that produces Opel models and its Trnava...