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Zara Owner Inditex Sees Early Autumn Sales Perk up After Summer Slowdown
Services’ Grip on UK Economy Tightens as Manufacturing Share Ebbs Further
Date: September 11, 2024
By Andy Bruce (Reuters) – Britain’s shift towards a services-dominated economy is accelerating, pushing manufacturing’s share of economic output to a historic low and setting the nation apart from its global peers. Recent data show the make-up of the world’s sixth-biggest economy is changing fast, driven by global trends but also domestic factors such as...
Etihad Airways Plans IPO No Earlier Than 2025, Sources Say
Date: September 11, 2024
By Hadeel Al Sayegh, Andres Gonzalez and Federico Maccioni DUBAI/LONDON (Reuters) -Abu Dhabi’s Etihad Airways plans to make its stock market debut no sooner than 2025, two people familiar with the matter said, in potentially the first IPO of a major Gulf airline as the UAE’s capital ramps up effort to become a global travel...
France Withdraws Pesto Sauce Brand After Likely Cases of Botulism
Date: September 11, 2024
PARIS (Reuters) -The French farm ministry on Tuesday said it detected five likely cases of food-borne botulism, a potentially fatal disease, in central France linked to contaminated pesto sauce that had been sold at some regional market fairs. WHY IT’S IMPORTANT According to the World Health Organisation, botulism is a rare but potentially fatal...
Key Events at Nike Under CEO John Donahoe
Date: September 10, 2024
(Reuters) – Nike will hold its annual meeting virtually on Tuesday and a key issue to be voted on will be a workers’ rights agreement, putting the spotlight on its CEO John Donahoe who is under pressure to reverse a long sales slump at the sportswear giant. Nike has lost about a quarter of its...
Spynn Publicity on India’s IPO Boom: Why Startups Need PR to Succeed
Date: September 10, 2024
India’s IPO market is back in action, boasting a 56% rise in listings from 2022 to 2023. The turnaround is a sign of investor confidence returning as economic conditions improve, and startups sharpen their focus on profits. Companies like Go Digit, TBO Tek, and Awfis have already made their stock market debut, with major players...
Retail, Consumer CEOs See Shorter Tenures as Boards Act More Quickly
Date: September 10, 2024
By Svea Herbst-Bayliss and Richa Naidu NEW YORK/LONDON (Reuters) – When two of the most powerful brands in retail and packaged foods last month ousted their CEOs, it signaled corporate boards are more ready to toss top executives before activist investors tell them to act. The tenure for U.S. retail and packaged goods company CEOs...