business
Business
Ferrari’s core profit rises despite shipment dip after software switch
Business
Shares in Salzgitter surge 37% on possible takeover offer
Business
Poland’s Orlen sees no positive cashflow from Olefins project
Business
Walmart, other US retailers import fewer Christmas goods ahead of tepid holiday season
Primark and groceries fuel profits at Britain’s AB Foods
Date: November 5, 2024
By James Davey LONDON (Reuters) – Associated British Foods said it was well set-up for medium term growth, as it reported a 32% rise in full-year profit, driven by robust performances from its Primark clothing business and grocery division. Shares in the group, which also has large sugar, ingredients and agriculture businesses, were up 3%...
UK new car sales fall 6% in October, industry data shows
Date: November 5, 2024
(Reuters) – New car registrations in the UK fell for the second time this year, dropping 6% to 144,288 in October, industry data showed on Tuesday. The Society of Motor Manufacturers and Traders (SMMT) said declines were recorded across all buyer types except battery electric vehicles (BEVs). Nearly 300,000 new BEVs hit the road in...
A green ledger turns carbon compliance into business opportunity for financial firms
Date: November 5, 2024
By Christian Kupper & Denise Iwersen The Paris Agreement’s goal of keeping global average temperatures from rising more than 1.5 degrees Celsius above preindustrial levels is well known. Less familiar is another top priority of the treaty: “Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.” So, the most...
Coca-Cola Europacific Partners cuts annual sales forecast on weak Europe demand
Date: November 5, 2024
(Reuters) – Coca-Cola Europacific Partners, a bottling unit of Coca-Cola, lowered its annual sales forecast on Tuesday in response to reduced demand for beverages in Europe, as well as weakness in Indonesia linked to the Middle East conflict. Although demand for sodas has remained resilient, customers from lower income groups are becoming more cautious and...
UK’s ASOS battling for turnaround in tough market
Date: November 5, 2024
By Sarah Young LONDON (Reuters) -Britain’s ASOS said it was confident it would return to growth in 2025, but last year’s decline and tough competition showed the scale of the challenge the online fashion retailer is facing, sending its shares to their lowest in five months. ASOS has been trying to reinvent itself for the...
Analysis-China’s messy EV dispute with Europe keeps trade tensions in check
Date: November 5, 2024
By Joe Cash and Laurie Chen BEIJING (Reuters) – Fears of a widening tariff war between China and other major exporting nations are keeping diplomacy between the world’s second-largest economy and the European Union alive, even as trade talks over electric vehicles stall. While the U.S. election on Tuesday is almost certain to result in...