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Japan’s Panasonic Sees Global Car Output Improving This Business Year
Date: June 1, 2022
(Reuters) – Panasonic Holdings Corp, which makes batteries for Tesla and other automakers, said on Wednesday it expected global car production to recover this fiscal year, but predicted that the two-year long chip shortage would continue. “We will be running our business as we consider risks of fluctuations on vehicle production,” said Masashi Nagayasu, CEO...
Corporate Sustainability: Why It Is About More Than Just Being Green
Date: May 27, 2022
Luma Saqqaf is a sustainable finance advisor assisting companies and funds to incorporate sustainability in their business. With the race to net zero, organisations are increasingly faced with the question of how relevant sustainability is to them and if so, how to incorporate it into their business. But corporate sustainability, by its very nature, is...
Securitas Grows Profit as Demand Recovers From Pandemic Slump
Date: May 4, 2022
STOCKHOLM (Reuters) -Security services group Securitas reported on Wednesday a rise in first-quarter profit that matched expectations helped by strong sales growth in Europe. Operating profit rose to 1.25 billion Swedish crowns ($126.7 million) from a year-earlier 1.03 billion. Four analysts polled by Refinitiv had on average forecast a 1.25 billion crown profit. CEO Magnus...
Volkswagen Sticks to Outlook as Size Offset Supply Chain Woes
Date: May 4, 2022
By Christoph Steitz and Jan Schwartz FRANKFURT (Reuters) -Volkswagen, Europe’s top carmaker, on Wednesday stuck to its outlook for 2022, shrugging off supply chain disruptions caused by the war in Ukraine and the pandemic by drawing on its global production network. Global carmakers, like most industrial sectors, face a scarcity of key components in the...
Bayer Gets Shareholder Rebuke for Management Remuneration
Date: April 29, 2022
FRANKFURT (Reuters) – Shareholders of Bayer on Friday voted to reprimand the German drug and farming supplies maker for its top management pay scheme, after one leading proxy advisory group said it did not adequately reflect Bayer’s litigation burden. At Friday’s annual general meeting, 75.89% of shareholders voted against approval of the report on executive...
AstraZeneca Says Its Covid Shot Still Has Role Despite Global Glut
Date: April 29, 2022
By Natalie Grover and Pushkala Aripaka (Reuters) -AstraZeneca’s COVID-19 vaccine still has a role to play in the fight against the pandemic, even as sales slow and the company charges more in some places, CEO Pascal Soriot said on Friday, the latest drugmaker to warn about a global supply glut. The comments come after the...