business
Business
Nissan to axe 9,000 jobs, cut production on weak China, US sales
Business
Adyen shares drop as revenue rise misses forecasts
Business
Glovo owner Delivery Hero expects growth at upper end of forecast, posts solid Q3
Business
Iveco to accelerate cost cutting plans as Q3 operating profit drops 13%
Croatian food retailer Studenac plans Warsaw, Zagreb IPO
Date: November 7, 2024
GDANSK (Reuters) -Croatian food retailer Studenac is planning an initial public offering with plans to list on the stock exchanges of Warsaw and Zagreb, the company said on Thursday. The offer will consist of new shares and the sale of existing shares by current shareholders. The primary sellers include Polish Enterprise Fund VIII, which owns...
Czech online grocer Rohlik partners with Amazon in Germany
Date: November 7, 2024
PRAGUE (Reuters) – Czech Republic-based online grocer Rohlik Group will partner with Amazon for e-grocery services in Germany to help it expand in Europe’s biggest economy, the company said on Thursday. Rohlik, operating under the Knuspr.de brand in Germany, has said it has plans to operate in more than a dozen German cities in the...
Bumble posts quarterly sales drop amid slow payoff from app overhaul
Date: November 7, 2024
(Reuters) -Bumble posted on Wednesday its first decline in quarterly sales since going public in 2021 and said that it would take longer for the dating app operator to boost its sluggish growth rate. Sticky inflation and high borrowing costs have hit spending by users on the women-centric dating app and its premium subscriptions, limiting...
Coty sees annual profit at low end of forecast as mass beauty demand slows
Date: November 7, 2024
(Reuters) – Coty on Wednesday said it expects annual profit to come in at the low end of its forecast, as weak demand for beauty products in major markets such as the United States and Australia offset gains in the fragrance segment. The beauty industry, mainly in the United States, is witnessing a slowdown in...
Italy’s Banco BPM bids for asset manager Anima in 1.6 billion euro ‘bancassurance’ deal
Date: November 7, 2024
By Andrea Mandala MILAN (Reuters) – Italy’s third-largest Banco BPM on Wednesday said it would launch a buyout offer to gain full control of asset manager Anima Holding in an up to 1.6 billion euro ($1.7 billion) deal. Banco BPM already owns 22% of Anima. The buyout offer, aimed at taking Anima private, is contingent...
Safran appoints new CEOs for its Aircraft Engines, Electrical & Power units
Date: November 7, 2024
(Reuters) – Safran has appointed Stephane Cueille as CEO of its Aircraft Engines unit, replacing Jean-Paul Alary effective in the first few months of 2025, the French jet engine maker said on Wednesday. Cueille will remain as CEO of Safran Electrical & Power until Jan. 1, 2025, the company said in a statement. He will...