business
Business
Building materials supplier Holcim beats profit forecast
Business
Fast-food chains hold the onions after McDonald’s E. coli outbreak
Business
Accor adjusts guidance as it sees strong demand at luxury hotels
Business
Exclusive-JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say
Harley-Davidson lowers full-year revenue forecast on weak demand
Date: October 25, 2024
By Kannaki Deka and Nathan Gomes (Reuters) -Harley-Davidson cut its annual revenue forecast as sticky inflation and high borrowing costs hurt demand for the company’s motorcycles in North America, sending its shares down more than 3% on Thursday. Spending on big-ticket purchases has slipped, with consumers wary of depleting savings and rising credit card...
ECB hawks push back against bets on more and bigger cuts
Date: October 25, 2024
By Balazs Koranyi WASHINGTON (Reuters) -Three European Central Bank officials tried to cool market speculation on bigger interest rate cuts on Thursday, urging the ECB to proceed gradually or at least keep its options open. The ECB has cut interest rates three times already this year and investors are speculating on bigger and faster...
Europe struggling to meet offshore wind targets, industry heads and lawmakers say
Date: October 25, 2024
By Jacob Gronholt-Pedersen and Stine Jacobsen ODENSE, Denmark (Reuters) – Europe is falling behind its own ambitious targets for offshore wind power, hindered by rising costs, red tape and inadequate policies, industry leaders and lawmakers said on Thursday as they presented recommendations to the new European Commission. Denmark hosted a meeting in the port...
Italgas posts third-quarter core profit up 10.9% ahead of 2i Rete Gas acquisition
Date: October 25, 2024
(Reuters) -Europe’s biggest gas distributor Italgas on Thursday reported 10.9% growth in third-quarter adjusted core earnings, citing higher gas distribution turnover and cost cuts, as it prepares to reap the benefits from its consolidation efforts. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) were 1.01 billion euros ($1.09 billion), with gas distribution revenue...
Integrating Sustainability for Long-Term Business Resilience and Value Creation
Date: October 24, 2024
By Karl Schmedders, Professor of Finance at IMD Companies that proactively address climate risks are better equipped to adapt to a rapidly evolving business environment, making them more attractive to investors seeking sustainable long-term returns. Addressing environmental concerns is now essential for the long-term success of a business. Climate change and the damage to essential...
UK business sentiment weakest in two years before budget, CBI says
Date: October 24, 2024
LONDON (Reuters) – Sentiment among British manufacturing companies fell at the fastest pace in two years ahead of finance minister Rachel Reeves’ first budget next week, a survey showed on Thursday. The Confederation of British Industry’s measure of business sentiment dropped in the three months to October to -24% from -9% in the three months...