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Brand Metrics continues on steep growth trajectory with appointment of VP Business Development in the US
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Lumen Research expand US operations with key sales and customer success hires
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Dollar jumps as Powell flags higher terminal rate
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Wall Street drops, Treasury yields gyrate on Fed Chairman Powell’s remarks
Bank of Ireland to boost shareholder returns in growth push
Date: March 7, 2023
By Padraic Halpin DUBLIN (Reuters) -Bank of Ireland will more than triple returns to shareholders this year, it said on Tuesday as the lender laid out plans for substantial further growth on the back of rising interest rates and a strengthening Irish economy. Ireland’s largest lender by assets will return 350 million euros ($267 million)...
Indra’s shares drop as it begins search for new CEO
Date: March 7, 2023
MADRID (Reuters) -Shares of Spanish technology company Indra fell 6.1% on Tuesday after it announced it would begin a process to appoint a new chief executive (CEO) to replace Ignacio Mataix. The search for its third CEO in two years was linked to a new strategic plan for the next years, Indra said late on...
Lindt & Spruengli proposes dividend hike as 2022 sales, profit climb
Date: March 7, 2023
ZURICH (Reuters) – Lindt & Spruengli said its 2022 profit rose and the Swiss chocolate maker also proposed a higher dividend payout on Tuesday, despite a challenging year that saw inflationary price hikes dampen consumer sentiment in key markets. Net income rose to 569.7 million Swiss francs ($612.78 million), beating the 566 million francs forecast...
HelloFresh sees 2023 core profit of 460-540 million euros
Date: March 7, 2023
(Reuters) – German meal-kit maker HelloFresh forecast a higher 2023 core profit on Tuesday, as it focuses on strengthening its customer offer despite cost pressures. It sees adjusted core profit (AEBITDA) of between 460 million and 540 million euros ($491.60 million-577.10 million) in 2023. The guidance midpoint of 500 million euros compares with AEBITDA of...
Meta plans to cut thousands of jobs as soon as this week – Bloomberg News
Date: March 7, 2023
(Reuters) -Meta Platforms Inc will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News reported on Monday, only a few months after the Facebook-parent reduced more than 11,000 people from its workforce. The new round of job cuts is being driven by financial targets and is separate...
GM’s Cruise to focus on cost cuts as it ramps up robotaxis
Date: March 7, 2023
By Abhirup Roy SAN FRANCISCO (Reuters) – General Motors Co’s robotaxi unit Cruise is focusing on cutting costs this year, a top executive said on Monday, as mounting losses in the autonomous vehicle companies have sparked investor concerns and forced some to shut shop. “We’ll continue to look at hardware, software – both in terms...