corporate-strategy
UncategorizedExclusive-Unilever Nearly Halves Expected European Job Cuts, Switching Some Staff to Ice Cream Unit-Works Council
BusinessCoach Parent Tapestry Pulls $8.5 Billion Bid for Capri After Ftc Roadblock
BankingBoeing Starts Issuing Layoff Notices as Planemaker Trims 10% of Workforce
InvestingDisney Offers Robust Multi-Year Forecast, Stoking Stock
Games Developer Embracer Misses Q2 Operating Profit Forecast
Date: November 14, 2024
By Jesus Calero (Reuters) – Games developer Embracer on Thursday posted a bigger-than-expected drop in second-quarter operating profit driven by game release delays in a seasonally-softer quarter. The owner of the Tomb Raider franchise said its adjusted operating profit fell 33% to 1.2 billion Swedish crowns ($109.18 million) in the quarter through September, missing analysts’...
Hapag-Lloyd Keeps Recently Raised Outlook Despite 9-month Profit Drop
Date: November 14, 2024
FRANKFURT (Reuters) – German container firm Hapag-Lloyd on Thursday posted a 47% drop in net profit for the first nine months of 2024 but retained its recently raised earnings outlook for the full year, citing higher transport volumes driven by demand. “We were able to further increase our transport volume compared to the previous year...
UK’s Sse Says CEO Phillips-Davies to Retire in 2025 as Profits Soar
Date: November 13, 2024
By Aby Jose Koilparambil (Reuters) – British power generator and network operator SSE’s CEO Alistair Phillips-Davies will retire next year after more than a decade in the job, the company said on Wednesday, as it also posted a 26% jump in half-year profit. Shares in SSE have gained about 14% since Phillips-Davies, 57, was promoted...
Swisscom’s Vodafone Italia Acquisition Cleared by Italian Communications Authority
Date: November 13, 2024
(Reuters) – Swisscom’s acquisition of Vodafone Italia was cleared by Italy’s communications authority AGCOM, the Swiss telecoms group said on Wednesday. The 8 billion euro ($8.48 billion) acquisition is still subject to two other regulatory approvals, including that of the Italian antitrust authority AGCM, Swisscom said. The AGCM, whose approval is required to complete the...
Bayer Says 2025 Earnings Could Decline Further on Bleak Agriculture Outlook
Date: November 12, 2024
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -Bayer’s earnings will likely slip further next year on weak agricultural markets, the company said on Tuesday, pummelling its shares and piling more pressure on its chief executive to deliver on turnaround efforts. CEO Bill Anderson has launched a push to cut jobs, speed up decision making...
German Tv Customer Losses Hit Vodafone
Date: November 12, 2024
LONDON (Reuters) -Mobile operator Vodafone on Tuesday reported a sharp downturn in Germany, it biggest market, in the second quarter after it was hit by a change in the law on TV sales, sending its shares 4% lower. The British company said that despite the customer losses in Germany, growth in Turkey, Africa and other...