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Vivendi sees steady growth for Havas, Canal+ ahead of spin-offs
Date: November 18, 2024
By Alban Kacher, Leo Marchandon and Gianluca Lo Nostro (Reuters) -Vivendi on Monday projected moderate earnings growth for Canal+ and Havas, set to be spun off as part of the French media conglomerate’s proposed break-up, ahead of their investor day events. The group led by tycoon Vincent Bollor plans to list Canal+ in London while...
New Zealand inks ‘sustainable’ trade deal with Switzerland, Costa Rica and Iceland
Date: November 16, 2024
SYDNEY (Reuters) – New Zealand signed a trade deal on Saturday with Switzerland, Costa Rica and Iceland to remove tariffs on hundreds of sustainable goods and services, in a move Wellington says will boost the country’s export sector. The Agreement on Climate Change, Trade and Sustainability (ACCTS) was signed at a ceremony during the Asia-Pacific...
Swiss solar panel maker Meyer Burger’s future in doubt after key client quits
Date: November 15, 2024
By John Revill, Marleen Kaesebier ZURICH (Reuters) -Solar panel maker Meyer Burger said on Friday its future looked uncertain after its biggest customer pulled out, sending the struggling Swiss company’s shares crashing to new record lows. Meyer Burger, one of the few European solar panel makers left after the market was saturated with cheaper Chinese...
Exclusive-Unilever nearly halves expected European job cuts, switching some staff to ice cream unit-works council
Date: November 15, 2024
By Richa Naidu LONDON (Reuters) -Unilever is cutting about 1,500 fewer jobs in Europe than initially anticipated and hiring about 1,000 people, primarily those affected by its cost-cutting drive, for its soon-to-be spun off ice cream business, the head of the company’s European Works Council told Reuters. The British company, whose shareholders include billionaire activist...
Facebook parent Meta projects sharp acceleration in AI costs after results beat Wall Street targets
Date: October 30, 2024
By Katie Paul, Akash Sriram (Reuters) -Facebook owner Meta Platforms beat analysts’ estimates for third-quarter revenue and profit on Wednesday, but warned of “significant acceleration” in artificial intelligence-related infrastructure expenses. The results sent mixed signals to investors about whether digital ad sales from Meta’s core social media business would continue to cover the cost of...
Ferrovial’s Q3 core profit up 36% on higher motorway traffic
Date: October 30, 2024
MADRID (Reuters) – Spanish construction giant Ferrovial on Tuesday said its core third-quarter profit rose 36% to 400 million euros ($433 million) as investments in toll road concessions in North America continued to pay off. Ferrovial’s core profit for the quarter was slightly above the average analysts’ expectation of 389 million euros, according to data...