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Dsm Misses Q1 Forecasts Due to Weak Volumes and High Costs
Date: May 2, 2023
DSM misses Q1 forecasts due to weak volumes and high costs (Corrects company description in 5th paragraph) (Reuters) – Dutch specialty chemicals maker DSM’s first-quarter profit and sales missed expectations on Tuesday, hit by weak volumes, persistently high inflation and low vitamin prices. DSM and Firmenich reported quarterly results separately for the last time ahead...
Spotify’s Monthly Active Users Top 500 Million, Beat Estimate
Date: April 25, 2023
Spotify’s monthly active users top 500 million, beat estimate By Supantha Mukherjee STOCKHOLM (Reuters) -Spotify Technology SA has crossed the half billion mark for monthly active users for the first time, helped by the music streaming company’s expansion into more markets, it said on Tuesday, sending its shares up 5%. The number of monthly active...
Procter & Gamble Price Hikes Take Sales From Strength to Strength
Date: April 21, 2023
Procter & Gamble price hikes take sales from strength to strength By Jessica DiNapoli and Ananya Mariam Rajesh (Reuters) -Procter & Gamble Co’s customers continued to show little resistance to repeated price hikes, helping the Tide detergent maker boost its annual sales forecast and third-quarter margins. The company also beat Wall Street targets for quarterly...
Ikea Plans New U.S. Stores in $2.2 Billion Push to Challenge Walmart and Wayfair
Date: April 20, 2023
IKEA plans new U.S. stores in $2.2 billion push to challenge Walmart and Wayfair By Helen Reid LONDON (Reuters) – IKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in the United States over the next three years, its biggest investment in a single country, in a bet to win American...
UK’s Heathrow, Airlines Appeal Regulator’s Landing Fee Cut
Date: April 19, 2023
UK’s Heathrow, airlines appeal regulator’s landing fee cut By Sarah Young LONDON (Reuters) -A cut to the fees Britain’s Heathrow can charge airlines faces separate appeals from the airport and two of its biggest carriers, British Airways and Virgin Atlantic. Britain’s busiest airport says that investment will be undermined without a rise in fees, while...
Bank of England Fines Former Tsb Executive Over 2018 IT Failure
Date: April 13, 2023
Bank of England fines former TSB executive over 2018 IT failure LONDON (Reuters) -The Bank of England said on Thursday it had fined TSB Bank’s former chief information officer Carlos Abarca 81,620 pounds ($102,115) for failing to adequately manage an IT migration in 2018 which led to disruption for millions of customers. The sanction is...