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Flavour Maker Givaudan’s Sales Slow as North America Weighs
Date: January 25, 2023
By Jagoda Darlak (Reuters) -Swiss fragrance and flavour maker Givaudan on Wednesday posted a slowdown in end-year sales, putting further strain on margins in a year marked by high input costs and supply chain disruptions. The group, which has so far passed the steep cost increases on to customers including cosmetics firms and drinks makers,...
UK’s Wetherspoon Posts 13.1% Rise in Sales for 25-wk Period
Date: January 25, 2023
(Reuters) – UK’s J D Wetherspoon reported a 13.1% rise in like-for-like sales for the 25 weeks to Jan. 22 on Wednesday, as customers spent on drinks and food over the holidays, the first not marred by COVID restrictions. This was 0.7% lower than its pre-pandemic levels, Wetherspoon said. (Reporting by Radhika Anilkumar in...
Logitech Quarterly Sales Fall 22% as Slowdown Fears Bite
Date: January 24, 2023
(Reuters) -Computer peripherals maker Logitech International said on Tuesday its third-quarter sales fell 22%, confirming its preliminary results which showed that business customers had put the brakes on buying new equipment amid slowdown concerns. The company saw strong demand for its home office products and computer gaming devices during COVID-19 lockdowns, but the momentum has...
How Artificial Intelligence Is Transforming Banking
Date: January 23, 2023
By Ankur Rawat, Director, Products and Solutions, Banking and Financial Services, Newgen Software Banking has transformed over the years. It has come a long way from unorganized peer-to-peer banking to organized branch-based banking, and now digital banking with virtually connected branches, devices, and customers. With digital banking, banks’ focus has shifted to delivering a superior...
UK’s National Grid to Pay People to Use Less Power as Cold Snap Bites
Date: January 23, 2023
LONDON (Reuters) -Britain’s National Grid said it would pay customers to use less power on Monday and Tuesday evenings this week, the first time it has used a new scheme designed to help prevent power shortages. More than a million households and business are signed up to the Demand Flexibility Service (DFS), which rewards people,...
Redefining the Human Touch With Data-Driven Digital Transformation
Date: January 23, 2023
To be bylined to Simon Kearsley, CEO of bluQube With organisations across virtually every industry utilising some form of digital technology, the use of the phrase digital transformation is no longer a foreign concept. Yet, despite its widespread implementation, it’s a phrase that still causes anxiety amongst 80% of the workforce. As the COVID-19 pandemic...