business
Business
France steps up efforts at examining how to protect struggling IT company Atos
Business
UK factory activity shrinks slightly for first time since April, PMI shows
Business
Greek factory output grows but demand stays weak in October, PMI shows
Business
Boohoo names Finley as CEO against Frasers demand to pick Mike Ashley
Shell’s $6 billion profit smashes forecasts as LNG offsets weak refining
Date: October 31, 2024
By Ron Bousso LONDON (Reuters) -Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading results. The results, together with a drop in debt and strong cash flow, could lift investor confidence in CEO Wael...
Ford to lower managers’ bonuses if company performance fails to improve, sources say
Date: October 31, 2024
By Nora Eckert DETROIT (Reuters) -Ford Motor CEO Jim Farley has told employees that the automaker needs to speed efforts to improve quality and lower costs, and that manager bonuses, which are tied to those metrics, would be slashed to 65% of their total, according to three people familiar with the matter. Farley recently introduced...
Roblox lifts annual bookings forecast as in-game spending booms
Date: October 31, 2024
By Zaheer Kachwala (Reuters) -Videogame platform Roblox raised its forecast for full-year 2024 bookings on Thursday, as it continues to benefit from robust spending within its virtual worlds, sending its shares up around 7% in premarket trading. Roblox’s free-to-play model has been attracting significant consumer spending on its platform despite a wider slowdown in gaming...
Norwegian Cruise lifts profit forecast again after record ticket sales
Date: October 31, 2024
(Reuters) – Norwegian Cruise Line Holdings on Thursday raised its annual profit forecast for a fourth time this year, encouraged by record third-quarter revenue and advance ticket sales. Cruise operators marked robust demand this quarter for their vacation experiences as consumer spending in the U.S. increased at its fastest pace in 1-1/2 years and inflation...
Italy’s Intesa improves 2025 profit guidance after good quarter
Date: October 31, 2024
MILAN (Reuters) -Italy’s biggest bank Intesa Sanpaolo on Thursday improved next year’s profit forecast after reporting stronger than expected earnings for the third quarter, helped by a 10% yearly rise in net fees. After higher interest rates turbocharged profits in recent quarters, Italian banks are working to boost fee income to offset the waning contribution...
Repsol targets renewables deals, seeks ‘solution’ for North Sea business
Date: October 31, 2024
MADRID (Reuters) – Spanish oil company Repsol is working on more deals in its renewable operations in Spain and the United States while it also seeks a solution for its exploration and production businesses in the North Sea, Chief Executive Josu Jon Imaz said on Thursday. Repsol’s strategy has been focused on selling minority stakes...