Business
Business
Fonterra Raises Milk Price Forecast and Confirms Plans to Exit Consumer-Facing Business
Business
Australia’s Novonix Inks Deal to Supply Synthetic Graphite to Stellantis
Business
Continental Cuts Sales Guidance, Posts Q3 Profit Beat
Business
Stellantis, Partner Leapmotor Scrap Plan to Make Second Ev Model in Poland, Sources Say
UK Supermarket Asda ‘lost the Plot’ but Is Fixable, Says Chairman
Date: November 9, 2024
By James Davey LONDON (Reuters) – Asda, Britain’s third largest supermarket, “lost the plot” but can be fixed, its chairman said on Friday as it reported another slide in sales and warned measures in last week’s budget would cost the company 100 million pounds ($130 million). The group, majority owned by private equity firm TDR...
French Wine Output Seen Falling by a Quarter Due to Adverse Weather
Date: November 9, 2024
By Sybille de La Hamaide PARIS (Reuters) – France’s wine output is expected to fall by nearly a quarter this year after adverse weather hurt vineyards throughout the cycle with the Champagne region most hit, the French farm ministry said on Friday. In a monthly report, the ministry projected wine output this year at 36.9...
Italy Retail Sales Rise 1.2% M/m in September
Date: November 9, 2024
(Reuters) – Italian retail sales rose 1.2% in September from the month before, data showed on Friday, following a 0.3% fall in August. National statistics institute ISTAT marginally revised up August’s data from an originally reported 0.5% drop. Sales rose 0.7% in unadjusted year-on-year terms in September, ISTAT said. The data are expressed in value...
Ikea Reports Higher Profit Despite Revenue Hit From Price Cuts
Date: November 9, 2024
(Corrects paragraph 8 to show new factory was opened in Slovakia, not Slovenia) By Helen Reid LONDON (Reuters) – Inter IKEA, the owner of the world’s biggest furniture brand, reported higher profits for 2024 thanks to lower interest payments, despite a sharp decline in revenues after it cut prices across its range of products like...
Exclusive-Stellantis, Partner Leapmotor Scrap Plan to Make Second Ev Model in Poland, Sources Say
Date: November 9, 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...
Stellantis to Lay Off 400 Workers at Detroit Parts Facility
Date: November 9, 2024
By Nora Eckert DETROIT (Reuters) -Stellantis added to its rising tally of layoffs on Friday, saying 400 workers at a Detroit automotive parts facility would indefinitely lose their jobs as the carmaker reduces costs in its struggling North American business. “As Stellantis navigates a transitional year, the focus is on realigning its U.S. operations to...