business
Business
Burberry’s new CEO faces outlet store and pricing dilemmas
Business
Poland’s Orlen sees no positive cashflow from Olefins project
Business
Primark expecting a good Christmas, says parent’s boss
Business
Zalando sales and profit margin rise on stronger demand
UK regulator says $19 billion Vodafone-Three tie-up likely to go ahead
Date: November 5, 2024
By Sarah Young and Kate Holton LONDON (Reuters) – The $19 billion merger between Vodafone and Hutchison’s Three UK is likely to be given the regulatory green light as Britain’s need for investment outweighs short-term competition concerns. Britain’s anti-trust regulator said on Tuesday it believed the combination of the country’s third and fourth biggest mobile...
Vestas shares tumble on disappointing third quarter as US election looms
Date: November 5, 2024
COPENHAGEN (Reuters) -Shares of Vestas, the world’s largest wind turbine manufacturer, slumped 10% on Tuesday as the company warned its profit margin for the year would likely be at the lower end of its forecast range due to higher costs and warranty provisions. The Danish company’s share price has fallen by 43% so far this...
French supermarket group Auchan planning to cut more than 2,000 jobs, media reports say
Date: November 5, 2024
PARIS (Reuters) – French supermarket retailer Auchan is planning to cut more than 2,000 jobs, reported BFM TV, France 2 TV and newsletter La Lettre on Tuesday, citing trade unions. Officials at Auchan could not be immediately reached for comment on the reports. (Reporting by Sudip Kar-Gupta; Editing by Tom Hogue)...
Adecco expects improvement in US hiring after election
Date: November 5, 2024
By John Revill ZURICH (Reuters) – Staffing company Adecco expects the hiring market in the United States to pick up following the presidential election, CEO Denis Machuel said on Tuesday, regardless of whether Kamala Harris or Donald Trump wins the White House. Machuel said hiring had slowed as employers held on to staff and with...
DHL reports Q3 net income below expectations
Date: November 5, 2024
(Reuters) -German logistics giant DHL reported a third quarter net income of 751 million euros ($817 million) on Tuesday, missing analysts’ estimate of 787 million euros in a company-compiled consensus. DHL last week lowered its full-year and mid-term forecasts, citing a weaker macroeconomic environment in Europe and low business-to-business mail volumes, and pre-announced quarterly operating...
French IT firm Atos agrees to sell Worldgrid unit to Alten
Date: November 5, 2024
PARIS (Reuters) – Atos said on Tuesday it had signed an agreement to sell its Worldgrid business unit to Alten for 270 million euros ($293.7 million) on an enterprise value basis, in a transaction expected to close before end-2024. The agreement comes as France boosts its efforts to protect Atos, a struggling software company that...