investment-opportunities
InvestingOil Prices Rise 1% After Boost From US Fuel Demand
FinanceLondon’s FTSE 100 Falls After Labour’s First Budget
Top StoriesNorth Macedonia’s Unesco World Heritage Site Lake Ohrid at Risk From Pollution
InvestingPrada’s Third Quarter Revenues Rise 18%, Miu Miu Sales Double
Outokumpu Warns of Worsening Steel Markets After Q3 Profit Beat
Date: October 30, 2024
By Jagoda Darlak (Reuters) – Finnish stainless steel maker Outokumpu beat market expectations for its third-quarter core profit (EBITDA) on Wednesday, helped by improved result in its ferrochrome business and higher stainless steel prices in Europe. It warned however that deteriorating markets in Europe and North America would hurt its stainless steel business in the...
Spain’s Puig Posts 11% Rise in Q3 Sales, Beats Expectations
Date: October 30, 2024
By Corina Pons MADRID (Reuters) -Spanish fashion and perfumes company Puig reported an 11% rise in third-quarter sales on Tuesday, beating analysts’ expectations after sector rivals posted disappointing results due to lower demand in China. The Barcelona-based firm behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier said net sales for the three-months...
Vans-Owner Vf Corp Soars 22% as Turnaround Plan Starts to Pay Off
Date: October 29, 2024
(Reuters) – Shares of Vans maker VF Corp surged 22% in premarket trading on Tuesday after turning a profit following two quarters of losses, prompting investors to bet on a faster-than-expected turnaround at the struggling apparel and footwear maker. The company is in midst of a business revamp under CEO Bracken Darrell that involves focusing...
Volkswagen’s Traton Reports Higher Sales in Weak Truck Market
Date: October 29, 2024
(Reuters) -Volkswagen’s truck unit Traton on Monday reported a 3% rise in nine-month revenue amid subdued demand for commercial vehicles. Shares in Traton fell 1.3% by 1050 GMT. Sales stood at 35.3 billion euros ($38.10 billion) by the end of September, while profitability rose at its key Scania unit with a 14.4% return on...
Italy to Cut Automotive Industry Support by Around $5 Billion
Date: October 28, 2024
By Giuseppe Fonte and Giulio Piovaccari ROME (Reuters) -Italian Prime Minister Giorgia Meloni plans to cut by some 4.6 billion euros ($5 billion) the funds set aside to support the country’s automotive industry between 2025 and 2030, the text of next year’s budget showed, triggering widespread criticism. The move comes amid a global slowdown in...
Stocks Climb Ahead of Big Tech-Related Earnings This Week; Oil Falls
Date: October 28, 2024
By Caroline Valetkevitch NEW YORK (Reuters) –Global stock indexes rose on Monday as investors awaited earnings reports this week from several of the biggest U.S. tech-related companies, while oil prices fell sharply after Israel’s retaliatory strike against Iran at the weekend bypassed oil and nuclear facilities. The Japanese yen reached a three-month low against the...