Business
Business
Attracting, Not Mandating: Why Financial Services Should Rethink the Role of the Workplace
Business
UK’s Sse Says CEO Phillips-Davies to Retire in 2025 as Profits Soar
Business
Global Luxury Sales to Fall 2% in 2024, Among Weakest Years on Record, Bain Says
Business
Amazon, Ikea Join Other Ocean Cargo Shippers to Boost Demand for New Green Fuels
Just Eat Takeaway Sells US Unit Grubhub for $650 Million, Shares Jump 20%
Date: November 13, 2024
By Michal Aleksandrowicz and Gianluca Lo Nostro (Reuters) -Europe’s biggest meal delivery firm Just Eat Takeaway said on Wednesday it had struck a deal to sell its U.S. unit Grubhub to Wonder for $650 million, sending its shares soaring 20% in early trading. The Amsterdam-listed company had been looking to offload Chicago-based Grubhub since as...
Swisscom’s Vodafone Italia Acquisition Cleared by Italian Communications Authority
Date: November 13, 2024
(Reuters) – Swisscom’s acquisition of Vodafone Italia was cleared by Italy’s communications authority AGCOM, the Swiss telecoms group said on Wednesday. The 8 billion euro ($8.48 billion) acquisition is still subject to two other regulatory approvals, including that of the Italian antitrust authority AGCM, Swisscom said. The AGCM, whose approval is required to complete the...
Factbox-Seven & I’s Reported Offer and the Biggest Management Buyouts to Date
Date: November 13, 2024
By Kane Wu HONG KONG (Reuters) – Japan’s Seven & i Holdings said on Wednesday it has received a buyout proposal from its vice president who is a member of its founding Ito family. The statement follows a Bloomberg report that the 7-Eleven owner was considering a management buyout offer (MBO) worth up to $58...
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...