Business
Business
Hensoldt Boosted by Sensors and Integration of Software Firm
Business
Honda Posts 15% Fall in Q2 Operating Profit, Missing Forecasts
Business
Germany’s TeamViewer Trims Revenue Forecast on Fx Headwinds
Business
Elf Beauty Sales to Rise as Demand for Mass Market Beauty Products Grow
Ferrari’s Core Profit Rises Despite Shipment Dip After Software Switch
Date: November 6, 2024
By Giulio Piovaccari and Keith Weir MILAN (Reuters) -Ferrari core earnings rose 7% in the third quarter despite a small and calculated dip in car shipments aimed at facilitating an internal software transition at the luxury sports carmaker, its top executives said on Tuesday. The Italian company switched over the summer to a new enterprise...
Shares in Salzgitter Surge 37% on Possible Takeover Offer
Date: November 6, 2024
DUESSELDORF (Reuters) -Shares in German steel group Salzgitter surged by as much as 37% on Tuesday after the company said that second-biggest shareholder GP Guenter Papenburg and a partner were considering a takeover offer. Based on after-hours trading following Salzgitter’s announcement late on Monday, Germany’s second-largest steel group behind Thyssenkrupp could achieve a market value...
Poland’s Orlen Sees No Positive Cashflow From Olefins Project
Date: November 6, 2024
By Marek Strzelecki WARSAW (Reuters) – Polish oil and gas company Orlen said on Tuesday its Olefins petrochemicals project will not generate positive cashflow in future as it again wrote down the value of the flagship investment started by the group’s former management. According to its preliminary third quarter earnings published on Tuesday, Orlen wrote...
Walmart, Other US Retailers Import Fewer Christmas Goods Ahead of Tepid Holiday Season
Date: November 6, 2024
By Richa Naidu, Aishwarya Venugopal and Siddharth Cavale (Reuters) – Santa Claus is not delivering as many Christmas trees, toys and decorations to the United States this year as in recent years, import data shows, with retailers including Walmart bringing in less holiday product ahead of what is expected to be a so-so holiday season....
Primark and Groceries Fuel Profits at Britain’s Ab Foods
Date: November 5, 2024
By James Davey LONDON (Reuters) – Associated British Foods said it was well set-up for medium term growth, as it reported a 32% rise in full-year profit, driven by robust performances from its Primark clothing business and grocery division. Shares in the group, which also has large sugar, ingredients and agriculture businesses, were up 3%...
UK New Car Sales Fall 6% in October, Industry Data Shows
Date: November 5, 2024
(Reuters) – New car registrations in the UK fell for the second time this year, dropping 6% to 144,288 in October, industry data showed on Tuesday. The Society of Motor Manufacturers and Traders (SMMT) said declines were recorded across all buyer types except battery electric vehicles (BEVs). Nearly 300,000 new BEVs hit the road in...