Business
Business
A Green Ledger Turns Carbon Compliance Into Business Opportunity for Financial Firms
Business
Coca-Cola Europacific Partners Cuts Annual Sales Forecast on Weak Europe Demand
Business
UK’s Asos Battling for Turnaround in Tough Market
Business
Analysis-China’s Messy Ev Dispute With Europe Keeps Trade Tensions in Check
Burberry’s New CEO Faces Outlet Store and Pricing Dilemmas
Date: November 5, 2024
By Helen Reid and Mimosa Spencer LONDON/PARIS (Reuters) – Burberry’s new CEO Joshua Schulman faces an uphill task to turn around the British luxury brand whose sales have declined sharply while its share price has dropped 40% this year, stoking speculation it could be a takeover target. The luxury sector as a whole has been...
Poland’s Orlen Sees No Positive Cashflow From Olefins Project
Date: November 5, 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...
Primark Expecting a Good Christmas, Says Parent’s Boss
Date: November 5, 2024
By James Davey LONDON (Reuters) – Budget clothing retailer Primark is expecting to trade well in the run-up to Christmas, the boss of its parent said on Tuesday. “We think that Christmas is going to be good,” George Weston, CEO of Associated British Foods, told Reuters in an interview after the group reported annual results....
Zalando Sales and Profit Margin Rise on Stronger Demand
Date: November 5, 2024
By Linda Pasquini and Helen Reid (Reuters) -Zalando on Tuesday reported a higher profit margin for the third quarter thanks to strong consumer demand and cooler September weather, as it focused on upmarket brands to fend off competition in the mass market. The German online fashion retailer has been scaling up its logistics business, through...
UK Regulator Says $19 Billion Vodafone-Three Tie-Up Likely to Go Ahead
Date: November 5, 2024
By Sarah Young and Kate Holton LONDON (Reuters) – The $19 billion merger between Vodafone and Hutchison’s Three UK is likely to be given the regulatory green light as Britain’s need for investment outweighs short-term competition concerns. Britain’s anti-trust regulator said on Tuesday it believed the combination of the country’s third and fourth biggest mobile...
Vestas Shares Tumble on Disappointing Third Quarter as US Election Looms
Date: November 5, 2024
COPENHAGEN (Reuters) -Shares of Vestas, the world’s largest wind turbine manufacturer, slumped 10% on Tuesday as the company warned its profit margin for the year would likely be at the lower end of its forecast range due to higher costs and warranty provisions. The Danish company’s share price has fallen by 43% so far this...