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Business Adoption of Emerging Electronic Payment Tools is on the Rise, Aite-Novarica/BNY Mellon Report Shows
Business
Driving sustainable change: How the C-suite can boost the ESG agenda through procurement
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impact.com Launches New Global Agency Partner Programme, Helping Agency Partners Grow And Drive More Value for Customers
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Sainsbury’s tipped to trim profit forecast as UK shoppers struggle
Toyota considers sharp boost in output of first EV, but not before 2025, sources say
Date: October 26, 2022
By Maki Shiraki TOKYO (Reuters) -Toyota is considering a sharp increase in production of its first mass-market battery-electric vehicle from 2025, according to three people with knowledge of the developing plans, ramping up output of the vehicle amid a broader strategy rethink. The Japanese automaker is considering increasing production of its bZ4X electric vehicle (EV)...
Tapestry deepens push into China, undeterred by luxury market slump
Date: October 26, 2022
By Casey Hall SHANGHAI (Reuters) -Baoji, an industrial city in northwest China with a population of 3 million, doesn’t conform to most people’s idea of a luxury goods market. Sometime soon, however, it will be home to a store for American brand Coach. The store is one of 30 in China that Coach parent Tapestry...
Dutch telecom KPN sees small rise in 2023 earnings amid inflation
Date: October 26, 2022
By Valentine Baldassari and Sofia Strodt (Reuters) – Dutch telecoms company KPN NV on Wednesday flagged a small increase in core earnings next year as it tackles inflationary pressures, knocking its shares even as it beat third-quarter expectations and confirmed its 2022 guidance. The largest telecoms provider in the Netherlands had previously said it was...
Mercedes-Benz lifts profit forecast as luxury cars boom
Date: October 26, 2022
By Victoria Waldersee BERLIN (Reuters) -Mercedes-Benz raised its full-year profit forecast on Wednesday as strong demand for luxury cars and cost savings offset the supply chain bottlenecks that have hampered industry output this year. The German automaker said it now expected group earnings to rise at least 15% this year, compared with a previous forecast...
Caterer Sodexo sees rebound in 2023 to pre-pandemic levels
Date: October 26, 2022
By Federica Mileo (Reuters) -Sodexo on Wednesday said it expected 2023 revenue and profit margins to hit 2019 levels, as the French catering and food services group rebounds from the pandemic and increases prices to cope with rising food and energy bills. The outlook reflects the relatively swift recovery by the catering industry this year...
Reckitt flags pressure on consumers as volumes decline
Date: October 26, 2022
By Richa Naidu LONDON (Reuters) -Reckitt Benckiser, maker of Dettol cleaning products and Durex condoms, on Wednesday reported a decline in sales volumes in the third quarter and warned of pressure on consumers globally. Reckitt and other consumer goods companies, from Procter & Gamble to Nestle, are hiking prices this year, enabling them to partially...