Business

Image for China’s Nio plans to sell its first hybrid car overseas only, sources say

Business

China’s Nio Plans to Sell Its First Hybrid Car Overseas Only, Sources Say

Image for Britain’s Sainsbury’s extends Aldi price match scheme to convenience stores

Business

Britain’s Sainsbury’s Extends Aldi Price Match Scheme to Convenience Stores

Image for It Pays to Close the Gender Gap in Finance Leadership

Business

It Pays to Close the Gender Gap in Finance Leadership

Image for Boeing shares rise as planemaker makes new wage offer to end strike

Business

Boeing Shares Rise as Planemaker Makes New Wage Offer to End Strike

Image for France steps up efforts at examining how to protect struggling IT company Atos

France Steps up Efforts at Examining How to Protect Struggling IT Company Atos

Date: November 1, 2024

PARIS (Reuters) – France stepped up efforts on Friday to protect Atos, the country’s struggling and debt-ridden software company which is undergoing a restructuring. The parliament’s Finance Commission said on Friday it had adopted an amendment that could lead to a nationalisation of Atos. On Thursday, the French state also subscribed to a capital increase...

Image for UK factory activity shrinks slightly for first time since April, PMI shows

UK Factory Activity Shrinks Slightly for First Time Since April, PMI Shows

Date: November 1, 2024

By David Milliken LONDON (Reuters) – British factory activity contracted very slightly last month for the first time since April, pushed lower by fewer new orders and a broader lack of optimism in the run-up to the Labour government’s first budget, a major survey showed on Friday. The S&P Global UK Manufacturing Purchasing Managers’ Index...

Image for Greek factory output grows but demand stays weak in October, PMI shows

Greek Factory Output Grows but Demand Stays Weak in October, PMI Shows

Date: November 1, 2024

ATHENS (Reuters) – Greece’s manufacturing sector saw a renewed expansion in output in October driven by producers efforts to build up stocks, but subdued demand persisted due to reluctance of key customers, S&P Global reported on Friday. The seasonally adjusted S&P Global Greece Manufacturing Purchasing Managers’ Index (PMI) rose to 51.2 in October from 50.3...

Image for Boohoo names Finley as CEO against Frasers demand to pick Mike Ashley

Boohoo Names Finley as CEO Against Frasers Demand to Pick Mike Ashley

Date: November 1, 2024

By Yadarisa Shabong (Reuters) -British online fashion retailer Boohoo on Friday appointed Dan Finley as its new CEO, effective immediately, in a blow to top investor Frasers which had attempted to appoint its controlling shareholder Mike Ashley to the role. Boohoo’s shares rose 3% on the news of the appointment of Finley, who is currently...

Image for Shell’s $6 billion profit smashes forecasts as LNG offsets weak refining

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...

Image for Ford to lower managers’ bonuses if company performance fails to improve, sources say

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...