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Italy’s Brembo Still Ready for M&A After Ohlins Deal
Date: November 8, 2024
(Reuters) -Brembo’s acquisition of suspension technology manufacturer Ohlins Racing, its biggest ever, will not prevent the Italian premium brake maker from assessing further and larger M&A deals, its top executive said on Thursday. Brembo, which earlier on Thursday presented broadly stable results for the first nine months of this year, in October announced the $405...
Heidelberg Raises Outlook on North America Boost, Shares Hit Record High
Date: November 7, 2024
BERLIN (Reuters) -Heidelberg Materials, the world’s second-largest listed cement maker, on Thursday raised its 2024 outlook due to a strong performance in North America and efficiency measures across key markets, sending its shares to a record high. The German building materials company now expects the result from current operations for the 2024 financial year to...
Lyft Projects Strong Fourth-Quarter Bookings on Robust Commuter Demand, Shares Jump
Date: November 7, 2024
By Akash Sriram (Reuters) -Lyft on Wednesday forecast current-quarter gross bookings above estimates after posting upbeat quarterly sales, indicating steady demand for its ride-hailing services from people returning to workplaces. Lyft shares, which typically see substantial price swings following its quarterly earnings, jumped about 22% in extended trading. As more companies enforce return-to-office policies, workers...
European Clean Energy Stocks Tumble as Trump Wins US Presidency
Date: November 6, 2024
By Stine Jacobsen COPENHAGEN (Reuters) -Shares in European clean energy groups plummeted on Wednesday after Donald Trump was elected president of the United States, as investors fretted over a potential dismantling of U.S. support for renewables and climate policy. Trump had vowed to scrap offshore wind projects through an executive order on his first day...
Ahold Delhaize Upbeat on Q4 Outlook, Shares Boosted by US Elections
Date: November 6, 2024
(Reuters) – Supermarket group Ahold Delhaize sees improving momentum in the busy end-of-year holiday quarter, it said on Wednesday, after its third-quarter results beat market expectations aided by faster recovery in Europe. Ahold’s shares rose as much as 8% to 33.30 euros per share, their highest intraday price ever, boosted by a potential Donald Trump...
Elf Beauty Sales to Rise as Demand for Mass Market Beauty Products Grow
Date: November 6, 2024
By Ananya Mariam Rajesh (Reuters) – Elf Beauty is likely to report revenue growth of nearly 33% for the second quarter, bucking weak demand in the industry as its inexpensive cosmetics edged out competition. Expectations of strong sales from Elf are in stark contrast with legacy industry players such as Estee Lauder and L’Oreal that...