business-investment
BusinessPringles-maker kellanova beats quarterly sales, profit estimates on steady demand
FinancePubs, bookies and builders drive budget bounce for UK mid-caps
InvestingKraft heinz trims 2024 forecasts on lunchables drag, tepid demand
InvestingAnalysis-Ford investors impatient for the automaker to boost efficiency efforts
German coalition must find joint response to economic malaise, finance minister says
Date: October 29, 2024
By Christian Kraemer, Maria Martinez and Rene Wagner BERLIN (Reuters) – Germany’s ideologically disparate coalition of Social Democrats (SPD), free-market Free Democrats (FDP) and Greens will have to find joint answers to the economic malaise in Europe’s biggest economy, Finance Minister Christian Lindner said on Tuesday. Headed by Lindner, the FDP organised their own business...
UK shoppers cut back on spending ahead of budget, CBI says
Date: October 29, 2024
LONDON (Reuters) – British retailers reported a fall in sales for October as consumers held off on spending ahead of this week’s budget announcement by finance minister Rachel Reeves, the Confederation of British Industry said on Monday. The CBI’s monthly retail sales survey – conducted between Sept. 26 and Oct. 15 – showed the...
Microsoft’s AI demand under scrutiny as investors seek payday
Date: October 28, 2024
By Aditya Soni (Reuters) – Microsoft is expected to report its slowest quarterly revenue growth in a year on Wednesday, while investors await signs of AI demand amid growing worries about the slow payoff from hefty investments in the technology. The software giant is widely seen as the front-runner in the race to capitalize on...
Germany’s FDP to host its own economic summit on same day as scholz
Date: October 25, 2024
BERLIN (Reuters) – German Finance Minister Christian Lindner’s Free Democrats (FDP) are organising their own economic summit next Tuesday, the same day Chancellor Olaf Scholz has invited business groups to the chancellery to discuss how to fight the weak economic outlook. The summit marks the latest attempt by a partner in the loveless coalition government...
Building materials supplier holcim beats profit forecast
Date: October 25, 2024
By John Revill ZURICH (Reuters) -Holcim beat third-quarter operating profit expectations, the construction materials maker said on Friday, as higher profitability helped offset lower sales. The company, which is planning to spin off its North American business next year, posted recurring operating profit of 1.67 billion Swiss francs ($1.93 billion) for the three months...
Swiss chemical maker sika’s nine-month sales rise 5.5%
Date: October 25, 2024
(Reuters) -Swiss industrial and construction chemicals company Sika reported a 5.5% increase in sales for the first nine months of 2024 on Friday, and confirmed its outlook for the year. The company, whose chemical additives are used to strengthen and waterproof building materials in walls, floors and roofs, said sales rose to 8.91 billion...