Business
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Europe Struggling to Meet Offshore Wind Targets, Industry Heads and Lawmakers Say
Business
Italgas Posts Third-Quarter Core Profit up 10.9% Ahead of 2i Rete Gas Acquisition
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Integrating Sustainability for Long-Term Business Resilience and Value Creation
Business
UK Business Sentiment Weakest in Two Years Before Budget, Cbi Says
UK Business Sentiment Drops, Adding Pressure on Reeves Before Budget
Date: October 24, 2024
By Suban Abdulla LONDON (Reuters) -Optimism among British firms has sunk, according to two surveys published on Thursday, six days before finance minister Rachel Reeves tries to chart a way between raising taxes and boosting growth in the new government’s first budget. The preliminary S&P Global Flash Composite Purchasing Managers’ Index for October showed confidence...
Unilever and Danone Win Back Shoppers as Price Hikes Slow
Date: October 24, 2024
By Richa Naidu and Dominique Vidalon LONDON/PARIS (Reuters) -Consumer goods groups Unilever and Danone beat third-quarter sales estimates on Thursday as they slowed price hikes and invested in innovations to win back shoppers who had turned to cheaper brands during a surge in inflation. The cost of everything from freight to raw materials rose during...
The UK’s Emir Refit Is Finally Here – Is Your Firm Ready?
Date: October 24, 2024
Ben Parker, CEO and founder at eflow Global The long-awaited EMIR Refit regulation has now come into force in the UK. The EU’s deadline came and went in April this year, and now it’s the turn of UK businesses to adhere to the updated regulations – with the added benefit of having had five more...
Britain’s John Lewis Optimistic on Christmas Trading Outlook
Date: October 24, 2024
By James Davey LONDON (Reuters) -British department store retailer John Lewis is “quietly optimistic” about trading in the run-up to Christmas despite the prospect of the new Labour government announcing tax rises in next week’s budget, its boss said on Thursday. The John Lewis department store business is part of the employee-owned John Lewis Partnership...
Bank of England’s Mann Says Fall in Inflation Pressure Has Long Way to Go
Date: October 24, 2024
WASHINGTON (Reuters) -Bank of England interest rate-setter Catherine Mann welcomed a recent fall in inflation in Britain but said the cooling of price growth still had “a long way to go” for the central bank to hit its 2% inflation target over the medium term. “Our headline price print … was lower than projected in...
Hasbro’s Cost-Saving Efforts Drive Profit Beat Even as Toy Sales Drag
Date: October 24, 2024
By Savyata Mishra (Reuters) -Hasbro surpassed Wall Street estimates for third-quarter profit as the Monopoly owner benefited from cost controls and strong digital gaming demand, even as weak consumer spending on toys hurt third-quarter sales. Its revenue declined for a ninth straight quarter and fell short of Wall Street expectations, sending shares down about 4%...