business-investment
FinanceUK economy contracts in September in blow to reeves’ growth push
BusinessRetail boss calls for UK tax rises to be staggered to avoid stoking inflation
BusinessGerman regulator sets stamp price guidelines, shrugging off DHL protest
BusinessRichemont say US business in good position for growth
Heidelberg raises outlook on north america boost, shares hit record high
Date: November 7, 2024
BERLIN (Reuters) -Heidelberg Materials, the world’s second-largest listed cement maker, on Thursday raised its 2024 outlook due to a strong performance in North America and efficiency measures across key markets, sending its shares to a record high. The German building materials company now expects the result from current operations for the 2024 financial year to...
UK services sector lost steam in lead up to the budget, PMI shows
Date: November 5, 2024
By Suban Abdulla LONDON (Reuters) – Britain’s services sector lost momentum in the run-up to the new government’s first budget in October, with business activity growing at the weakest rate in 11 months and the first fall in employment since December, a survey showed on Tuesday. The S&P Global UK Services Purchasing Managers Index stood...
DHL posts weakened free cash flow for Q3, denting shares
Date: November 5, 2024
By Chiara Holzhaeuser (Reuters) -DHL reported third-quarter free cash flow well below market expectations on Tuesday, in another hit to its shares that have lost nearly a fifth of their value this year. The German logistics giant last week lowered its full-year and mid-term forecasts, citing a weaker macroeconomic environment in Europe and low business-to-business...
DHL reports Q3 net income below expectations
Date: November 5, 2024
(Reuters) -German logistics giant DHL reported a third quarter net income of 751 million euros ($817 million) on Tuesday, missing analysts’ estimate of 787 million euros in a company-compiled consensus. DHL last week lowered its full-year and mid-term forecasts, citing a weaker macroeconomic environment in Europe and low business-to-business mail volumes, and pre-announced quarterly operating...
Greek factory output grows but demand stays weak in October, PMI shows
Date: November 1, 2024
ATHENS (Reuters) – Greece’s manufacturing sector saw a renewed expansion in output in October driven by producers efforts to build up stocks, but subdued demand persisted due to reluctance of key customers, S&P Global reported on Friday. The seasonally adjusted S&P Global Greece Manufacturing Purchasing Managers’ Index (PMI) rose to 51.2 in October from 50.3...
Ford to lower managers’ bonuses if company performance fails to improve, sources say
Date: October 31, 2024
By Nora Eckert DETROIT (Reuters) -Ford Motor CEO Jim Farley has told employees that the automaker needs to speed efforts to improve quality and lower costs, and that manager bonuses, which are tied to those metrics, would be slashed to 65% of their total, according to three people familiar with the matter. Farley recently introduced...