corporate-strategy
BusinessFrance Steps up Efforts at Examining How to Protect Struggling IT Company Atos
BusinessFord to Lower Managers’ Bonuses if Company Performance Fails to Improve, Sources Say
TechnologySiemens’ $10.6 Billion Altair Deal Strengthens Its Industrial Software Offering
InvestingFrance’s Pluxee Lifts 2025/26 Outlook, Shares Reached Record High
Uber Shares Slide as Slowing Bookings Growth Spooks Investors
Date: October 31, 2024
By Akash Sriram (Reuters) -Uber Technologies signaled a further slowdown in its mainstay app-based taxi business as it forecast fourth-quarter gross bookings below Wall Street estimates, sending its shares down nearly 8%. Bookings growth, a key measure of ridership for online taxi operators, slowed to a more than one-year low in the third quarter and...
Stellantis Revenue Slides as Automaker Cuts Bloated Inventories
Date: October 31, 2024
By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) -Reduced shipments and lower pricing power slashed Stellantis revenue by 27% in the third quarter, the automaker said as it seeks to fix bloated inventories and poor commercial performance that led to a major profit warning last month. The result published on Thursday was however slightly better...
Ubisoft Expects 39% Drop in Third-Quarter Net Bookings
Date: October 31, 2024
(Reuters) -French video game producer Ubisoft expects net bookings for its third quarter to be down about 39% year on year to about 380 million euros ($412 million) because it has no new releases in the quarter, finance chief Frederick Duguet told reporters on Wednesday. Ubisoft, which has lost half of its stock market value...
Prada’s Third Quarter Revenues Rise 18%, Miu Miu Sales Double
Date: October 31, 2024
MILAN (Reuters) -Third-quarter net revenues for Prada rose 17.7% at constant exchange rates, driven by double-digit retail sales growth in Asia and Europe and the doubling of sales at the smaller Miu Miu brand, the Italian luxury group said on Wednesday. Sales in the Asia Pacific region, in the spotlight as investors are concerned about...
Capgemini Trims 2024 Revenue Target Again as Soft Markets Hit Q3 Sales
Date: October 30, 2024
(Reuters) -French IT consulting group Capgemini cut its 2024 revenue target for the second time this year on Wednesday, after continued weakness in some of its markets, especially manufacturing, hit its third-quarter sales. The group, which offers services ranging from cloud and AI to enterprise management across a wide array of industries, had in...
HSBC Coy on Cost Savings of Revamp as Quarterly Profit Tops Expectations
Date: October 30, 2024
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) – HSBC Holdings beat third quarter profit expectations on Tuesday thanks to rising wealth and wholesale banking revenue, but kept investors waiting for more detail on how a sweeping overhaul of its structure will deliver cost savings. HSBC announced last week that it will merge some...