Business

Image for Bumble posts quarterly sales drop amid slow payoff from app overhaul

Business

Bumble Posts Quarterly Sales Drop Amid Slow Payoff From App Overhaul

Image for Coty sees annual profit at low end of forecast as mass beauty demand slows

Business

Coty Sees Annual Profit at Low End of Forecast as Mass Beauty Demand Slows

Image for Italy’s Banco BPM bids for asset manager Anima in 1.6 billion euro ‘bancassurance’ deal

Business

Italy’s Banco Bpm Bids for Asset Manager Anima in 1.6 Billion Euro ‘bancassurance’ Deal

Image for Safran appoints new CEOs for its Aircraft Engines, Electrical & Power units

Business

Safran Appoints New CEOs for Its Aircraft Engines, Electrical & Power Units

Image for German retailers expect higher revenues this Christmas season, HDE forecasts

German Retailers Expect Higher Revenues This Christmas Season, Hde Forecasts

Date: November 6, 2024

BERLIN (Reuters) – The German retail sector is expecting a slight increase in sales this Christmas season compared with the previous year, the German Retail Association (HDE) said on Wednesday. Revenue in November and December is expected to grow by 1.3% compared to the same period last year to a total of 121.4 billion euros...

Image for NEW LEADERSHIP TEAM DRIVES MAJOR YEAR-ON-YEAR GROWTH AT INFINOX CAPITAL LIMITED

New Leadership Team Drives Major Year-On-Year Growth at Infinox Capital Limited

Date: November 6, 2024

Companies House filings show a 117% increase in pre-tax profits and 70% reduction in administration costs New Leadership Team includes: Jana Zdravecka – Joins as Executive Director – Former CEO of London Capital Group Daniel Skowronski – Joins as director and will work at an Executive Level Lee Holmes – Returns in an executive management...

Image for Umicore to pause construction of battery materials plant in Canada

Umicore to Pause Construction of Battery Materials Plant in Canada

Date: November 6, 2024

By Nathan Vifflin (Reuters) -Metals recycler and battery materials producer Umicore will pause construction of a battery materials plant in Canada, it said on Wednesday. The Belgian-based group launched a review of its business in July, and said it had postponed “large scale” investments in an unspecified battery recycling plant in Europe, as well as...

Image for Barry Callebaut sees a second year of flat sales volumes on high cocoa prices

Barry Callebaut Sees a Second Year of Flat Sales Volumes on High Cocoa Prices

Date: November 6, 2024

By Andrey Sychev (Reuters) – Swiss chocolate maker Barry Callebaut posted annual profit growth as it managed to pass on surging cocoa prices to customers, but said it expects a second straight year of flat sales volumes as prices of the key ingredient remain high. Shares in the company were up 3% by 0828 GMT....

Image for Jeweller Pandora’s shares sink as warns soaring silver could dent margins

Jeweller Pandora’s Shares Sink as Warns Soaring Silver Could Dent Margins

Date: November 6, 2024

By Isabelle Yr Carlsson and Louise Rasmussen COPENHAGEN (Reuters) -Pandora said on Wednesday that higher silver and gold prices could hit its 2026 operating profit margin target, sending the Danish company’s shares as much as 7% lower. Best known for its charm bracelets, with prices ranging from $60 to more than $2,000, has been a...

Image for Evonik’s cost cuts help it beat Q3 core profit expectations

Evonik’s Cost Cuts Help It Beat Q3 Core Profit Expectations

Date: November 6, 2024

(Reuters) – German chemicals group Evonik Industries reported third-quarter core profit above market expectations on Wednesday, and said its initiatives to cut costs and build a leaner organisation were paying off. Evonik posted a 19% rise in quarterly adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to 577 million euros ($622 million), beating analysts’...