business-investment
TechnologyIt was high time for meta to start charging users for services
Top StoriesProcter & gamble price hikes take sales from strength to strength
Research ReportsInsolvency report: No rest for the leveraged
Top StoriesPizza firm DP eurasia delivers profit rise, evaluating Russian business
German industrial orders rise more than expected in February
Date: April 5, 2023
BERLIN (Reuters) -German industrial orders rose more than expected in February driven by strong growth in the vehicle construction sector. Orders increased by 4.8% on the previous month on a seasonally and calendar-adjusted basis, the federal statistics office said on Wednesday. A Reuters poll of analysts had pointed to a 0.3% increase. New orders in...
Italy’s golden goose to spread its wings beyond sneakers
Date: April 4, 2023
By Elisa Anzolin MILAN (Reuters) – Italian luxury sneaker brand Golden Goose reported a 30% rise in revenues last year and sees scope for further growth by expanding beyond its core product range, Chief Executive Silvio Campara told Reuters. “We will keep on innovating our business, which is sneakers, but there will be something out...
Benefits of employee retention credit for employers
Date: March 6, 2023
The Employee Retention Credit (ERC) is a valuable tax incentive that provides financial relief for eligible employers who have been impacted by the COVID-19 pandemic. Since its inception in March of 2020 as a provision of the Coronavirus Assistance, Relief, and Economic Security (CARES) Act, the ERC programme has been subject to a number of...
Lufthansa expects further ‘significant improvement’ after return to profit
Date: March 3, 2023
By Ilona Wissenbach and Joanna Plucinska (Reuters) – Germany’s Lufthansa on Friday delivered an “unprecedented” turnaround as it swung to a 1.51 billion euro profit in 2022 and expects a significant improvement in earnings this year, pushing its shares up to a three-year high as air travel rebounds. Passenger numbers more than doubled and net...
Lighting maker signify cuts 2022 outlook again on China, business lighting
Date: January 12, 2023
(Reuters) -Signify NV, the world’s biggest maker of lights, on Thursday again cut its full-year 2022 profit margin and sales guidance, citing a steeper than expected slowdown in China and lower demand for professional indoor lighting. Signify’s shares fell 3.9% in early Amsterdam trading to 31.84 euros. The Dutch group, which had already cut forecasts...
KFC franchisees in Russia ask govt to halt sale of stores to local operator – RIA
Date: January 12, 2023
MOSCOW (Reuters) – A number of KFC franchisees in Russia have asked the government to stop the sale of the Yum! Brands restaurant business to the local operator, the RIA news agency said, citing Russia’s restaurant market commissioner. Yum Brands said in October that it had reached a deal to sell its KFC restaurants in...