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Top StoriesInPost sees stronger 2022 but warns of slowing demand
InvestingRyanair hails ‘very strong’ recovery with record summer profit
Top StoriesGerman industry calls for delay to global minimum tax – BDI
Top StoriesChina’s COVID resurgence spurs new curbs, foxconn imposes restrictions
Inter IKEA posts 45% profit fall on costs, Russia
Date: November 3, 2022
STOCKHOLM (Reuters) – IKEA franchiser Inter IKEA posted a 45% fall in pre-tax profit for the year through August to 931 million euros ($908 million) as it passed on some, but not all, costs to store owners. The fall reflected higher raw material and transport costs as well as the closure of its factories in...
Sodexo sees demand for catering and vouchers lifting margins
Date: November 2, 2022
By Diana Mandia (Reuters) -Sodexo expects its operating profit margin to rise to over 6% in 2025 as more companies outsource their catering needs and the French food services group expands its vouchers business. The company delivered a 5% margin in its last fiscal year and last week forecast an increase to 5.5% for 2022-2023....
Energy crisis putting most German firms under duress -survey
Date: November 2, 2022
BERLIN (Reuters) -The energy crisis is impacting nearly every branch of the German economy, with the number of companies that see high energy costs due to the Ukraine war as a threat to business at the highest level on record, the DIHK business survey showed on Wednesday. Some 82% of the 24,000 businesses surveyed see...
What founders and CEOs can learn from a niche marketplace
Date: October 31, 2022
By Bill Voss, Founder and CEO of Everest.com According to industry analysis from Digital Commerce 360, the top 100 global online marketplaces in the world had $3.23 trillion in sales in 2021, and saw gross merchandise sales increase 18 percent compared to the prior year. Giant marketplaces like Amazon, Taobao, eBay and other large players...
Five ways businesses can ensure long-term energy security, crisis or no crisis.
Date: October 31, 2022
By Chris Bowden, Managing Director of Squeaky On 8th September 2022, Liz Truss announced the government’s support scheme for businesses. In her statement, she stated that gas and electricity costs for UK businesses, charities and public sector bodies will be capped for six months. The Department for Business, Energy & Industrial Strategy (BEIS) then announced that the scheme (known...
Heathrow airport says return to pre-pandemic demand years away
Date: October 27, 2022
LONDON (Reuters) -Britain’s biggest airport Heathrow reported a nine-month loss of 442 million pounds ($507 million) and warned it was unlikely to return to pre-pandemic demand for several years. “Headwinds of a global economic crisis, war in Ukraine and the impact of COVID-19 mean we are unlikely to return to pre-pandemic demand for a number...