business
Business
Pringles-maker Kellanova beats quarterly sales, profit estimates on steady demand
Business
ST targets China growth after trimming forecast again
Business
Maersk sees no Suez Canal return until ‘well into 2025’ due to Red Sea threat
Business
Temu to be investigated by EU tech regulators over sale of illegal products
DoorDash forecasts strong fourth quarter, bets on demand for online delivery
Date: October 31, 2024
By Ananya Mariam Rajesh (Reuters) -DoorDash forecast fourth-quarter core profit above estimates on Wednesday, as the online delivery firm bets on more consumers using the platform to order groceries to beauty products during the holiday period. The company also posted a profit for the first time since going public in late 2020 and beat quarterly...
Estee Lauder names insider de La Faverie as new CEO to kickstart turnaround
Date: October 31, 2024
(Reuters) – Estee Lauder named insider Stephane de La Faverie its new CEO on Wednesday, as the company looks to revamp its business amid falling demand for cosmetics and premium fragrances with consumers getting picky with their spending. De La Faverie, currently the cosmetic giant’s executive group president, oversees high-end fragrance brands such as Jo...
Factbox-Key measures in UK Labour Party’s first budget in nearly 15 years
Date: October 31, 2024
LONDON (Reuters) – British finance minister Rachel Reeves presented her first budget statement to parliament on Wednesday, unveiling the biggest tax rises since 1993 and changes to the government’s fiscal rules to increase borrowing for investment. Below are the main points from her speech: NEW FISCAL RULES Reeves said she would eliminate the current budget...
Nissan may partner with Renault on new small EV for Europe
Date: October 31, 2024
DOUAI, France (Reuters) – French automaker Renault is in talks with Nissan to help the Japanese firm bring to market its own version of Renault’s electric Twingo, as the alliance partners seek to speed up an affordable EV offering to fend off Chinese competition. An electric version of Renault’s popular city car, due to reach...
Amplifon trims margin forecast but rules out competition risk from Apple earbuds
Date: October 31, 2024
By Alberto Chiumento (Reuters) -Italian hearing aid company Amplifon again trimmed its annual margin guidance on Wednesday, hit by higher marketing costs in Europe in the third quarter, but ruled out competition risks from new players such as Apple. Tech-driven competition in the hearing aid sector is intensifying after Switzerland’s Sonova launched a first-in-market hearing...
Schneider, Legrand, Rexel and Sonepar fined in French price fixing probe
Date: October 31, 2024
PARIS (Reuters) – France’s competition authority said on Wednesday it had fined electric equipment makers Schneider Electric, Legrand, Rexel and Sonepar a total of 470 million euros ($508.49 million) for fixing prices. Schneider Electric was fined 207 million euros, Rexel 124 million euros, Sonepar 96 million euros and Legrand 43 million. The decision sanctions two...