Business
Business
Ralph Lauren Raises Sales Target on Strong Holiday Demand for Sweaters, Shirts
Business
Italy EconMin Willing to Meet Lufthansa CEO to Solve Ita Airways Dispute
Business
Wk Kellogg Beats Third-Quarter Estimates on Demand, Higher Prices
Business
Audi Unveils New Ev Brand in China Without Four Ring Logo
Nissan to Axe 9,000 Jobs, Cut Production on Weak China, US Sales
Date: November 7, 2024
By Daniel Leussink TOKYO (Reuters) -Nissan Motor will cut 9,000 jobs and 20% of its global manufacturing capacity, the automaker said on Thursday, as it scrambles to reduce costs by $2.6 billion in the current fiscal year amid a sales slump in China and the U.S. The plans underline the vulnerability of Japan’s third-largest automaker,...
Adyen Shares Drop as Revenue Rise Misses Forecasts
Date: November 7, 2024
By Gianluca Lo Nostro and Leo Marchandon (Reuters) -Dutch payments group Adyen’s shares fell nearly 10% on Thursday after its quarterly sales fell short of market expectations. Adyen said its third-quarter revenue on a constant-currency basis was 498.2 million euros ($535.32 million), up 21% from 413.6 million euros a year earlier. But it was below...
Glovo Owner Delivery Hero Expects Growth at Upper End of Forecast, Posts Solid Q3
Date: November 7, 2024
By Paolo Laudani and Bernadette Hogg (Reuters) -Delivery Hero said on Thursday it expects annual gross merchandise value (GMV) growth at the upper end of its forecast range, after the German online takeaway food company reported solid growth for the third quarter. Shares in the company, which owns the Glovo and foodpanda delivery apps, opened...
Iveco to Accelerate Cost Cutting Plans as Q3 Operating Profit Drops 13%
Date: November 7, 2024
By Giulio Piovaccari MILAN (Reuters) -Iveco Group said on Thursday it would accelerate plans to cut costs and improve efficiency as it reported a 12.6% decline in its third-quarter operating profit due to a decline in heavy duty truck and bus volumes in Europe. Shares in the company were up 6.7% by 1015 GMT, among...
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...