corporate-strategy
BusinessElior Forecasts Slower Revenue Growth for 2025, Shares Slump
BusinessSweden’s Northvolt Appoints Restructuring Expert to Oversee Main Facility -Report
BusinessVw Plans for Factory Closures Cross Several Red Lines, Works Council Chief Says
BusinessNokia Wins ‘multi-Billion’ Dollar Deal in India
Spain Considering Support for Potential Sidenor Bid for Talgo
Date: November 20, 2024
MADRID (Reuters) -The Spanish government is considering financial support for the partial or total purchase of train manufacturer Talgo by Basque steel maker Sidenor, Transport Minister Oscar Puente said. “We are here to help Talgo on its path of seeking more industrial capacity and a new shareholder composition, which will also give it stability in...
Elior’s Annual Core Profit Nearly Triples Thanks to Portfolio Rationalisation
Date: November 20, 2024
By Mathias de Rozario (Reuters) -French food caterer Elior said on Wednesday its adjusted core profit soared 183% in the year through September, beating market expectations, as a strategic shift helped it remove sources of losses from its order book. Elior, which has taken longer to recover from the pandemic than rivals Sodexo and Compass,...
Swiss Bank Efg on Course for Record Profit, CEO Says
Date: November 20, 2024
ZURICH (Reuters) -EFG International is on course to beat last year’s net profit and record its most profitable year, the Swiss private bank’s Chief Executive Giorgio Pradelli said on Wednesday. The bank made a net profit “in excess” of 260 million Swiss francs ($294.18 million) in the first 10 months of 2024, compared with 303.2...
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...
European Oil Giants Step Back From Renewables Path
Date: November 18, 2024
By Ron Bousso LONDON (Reuters) – Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals,...
Exclusive-JPMorgan Weighs London Hq Options as It Outgrows Canary Wharf Tower, Sources Say
Date: November 16, 2024
By Iain Withers LONDON (Reuters) -JPMorgan is assessing options for its European headquarters in London as the fast-expanding Wall Street bank outgrows its existing tower in London’s Canary Wharf financial district, three sources familiar with the matter told Reuters. The bank has begun examining options for where to base around 12,000 staff in London, with...