Business
Business
Factbox-Key Measures in UK Labour Party’s First Budget in Nearly 15 Years
Business
Nissan May Partner With Renault on New Small Ev for Europe
Business
Amplifon Trims Margin Forecast but Rules Out Competition Risk From Apple Earbuds
Business
Schneider, Legrand, Rexel and Sonepar Fined in French Price Fixing Probe
Volvo Cars Seeks to Oust Northvolt From Ev Battery Venture
Date: October 30, 2024
By Stine Jacobsen and Marie Mannes STOCKHOLM (Reuters) -Volvo Cars is seeking to take over Northvolt’s stake in their Swedish battery-making joint venture NOVO but will need a new partner to keep plans for a gigafactory on track, the Chinese-owned automaker said on Wednesday. Northvolt, once hailed as Europe’s best shot at a home-grown electric-vehicle...
UK’s Reeves Raises Employers’ National Insurance Contributions
Date: October 30, 2024
LONDON (Reuters) – Finance minister Rachel Reeves said on Wednesday she would raise employers’ social security contributions to 15% from April, a major revenue raiser for a budget the government hopes will kick-start moves to turn around a flagging economy. Britain’s Labour government has long said those with the “broadest shoulders” should do more to...
Outokumpu Warns of Worsening Steel Markets After Q3 Profit Beat
Date: October 30, 2024
By Jagoda Darlak (Reuters) – Finnish stainless steel maker Outokumpu beat market expectations for its third-quarter core profit (EBITDA) on Wednesday, helped by improved result in its ferrochrome business and higher stainless steel prices in Europe. It warned however that deteriorating markets in Europe and North America would hurt its stainless steel business in the...
Amplifon Trims Margin Forecast as Higher Marketing Costs Weigh
Date: October 30, 2024
(Reuters) -Italian hearing aid company Amplifon slightly lowered its annual margin guidance on Wednesday, after the metric was hit by higher marketing costs in Europe in the third quarter. The company said it expected its recurring core profit margin to be broadly in line with 2023, when it posted a margin of 24%. It had...
Prada’s Third Quarter Revenues up 17.7%, Miu Miu Sales Double
Date: October 30, 2024
MILAN (Reuters) – Third-quarter net revenues for Prada rose 17.7% at constant exchange rates, driven by double-digit retail sales growth in Asia and Europe and by the doubling of sales at the smaller Miu Miu brand, the Italian luxury group said on Wednesday. The main brand Prada reported a 1.7% increase in retail sales in...
Airbus Delivers First A321XLR in New Front Against Boeing
Date: October 30, 2024
By Tim Hepher PARIS (Reuters) – Airbus has delivered its first A321XLR jet to Spain’s Iberia, the European planemaker said, stepping up a battle with Boeing in the middle of the jet market. The plane, which took five years to develop and targets a market previously served by Boeing’s out-of-production 757 or larger wide-bodies, was...