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Top StoriesAnalysis-Musk’s Bold 2025 Prediction on Tesla Sales Faces Skepticism, Scrutiny
BusinessAccor Adjusts Guidance as It Sees Strong Demand at Luxury Hotels
InvestingEuropean Shares End Flat as Economic Woes Overshadow Upbeat Earnings
InvestingTesla Allays Investor Fears With Crucial Ev Growth Forecast, Shares Jump
Britain’s Sse Rebuffed Edp Proposal to Merge, Sources Say
Date: October 16, 2024
By Andres Gonzalez, Sarah McFarlane and Sergio Goncalves LONDON (Reuters) – Portugal’s main power utility EDP initiated merger discussions with London-listed peer SSE earlier this year, but talks did not progress, three people familiar with the matter told Reuters. The proposed deal would have created one of Europe’s largest utilities, with the companies’ combined...
Italgas Sees Double-Digit Income Growth to 2030, Ups Minimum Dividend Rise
Date: October 7, 2024
By Francesca Landini and Cristina Carlevaro MILAN (Reuters) -Italy’s biggest gas distributor Italgas expects double-digit growth in net income and core profit under a new plan to 2030, after signing a 5.3 billion euro deal to acquire smaller rival 2i Rete Gas on Saturday. The group said on Monday it would ensure its dividends...
Grifols Plans to Invest $402 Million in New Industrial Centre, El Economista Says
Date: September 30, 2024
(Reuters) – Spanish drugmaker Grifols plans to invest 360 million euros ($401.98 million) to build a new industrial plant in Barcelona for its engineering department, newspaper El Economista said on Monday, citing unidentified company sources. Grifols is seeking to centralise operations currently dispersed across different locations, El Economista said. The works are scheduled to...
Fonterra’s Annual Profit Falls 25%; Shares Rise on Dividend Declaration
Date: September 25, 2024
By Rajasik Mukherjee (Reuters) -New Zealand’s Fonterra posted a 25% drop in its fiscal 2024 profit on Wednesday, hurt by poor earnings from its ingredients segment and volatility in demand from key importing regions, but declared a special dividend, sending its shares higher. Improvement in earnings from its food service and consumer segments due...
Miniso Shares Slump on Plans to Buy Stake in Yonghui Superstores
Date: September 24, 2024
HONG KONG (Reuters) -Shares of Miniso Group Holding plunged as much as 39.2% to HK$20 ($2.57) on Tuesday after the company said it would take a stake in embattled Chinese supermarket operator Yonghui Superstores. The lifestyle products retailer’s shares plunged to their lowest level since December 2022 in their biggest one-day percentage drop since...
Delivery Hero Posts Stronger Than Expected Gmv Growth in Q2
Date: August 29, 2024
By Paolo Laudani and Eva Orsolya Papp (Reuters) -German online takeaway food company Delivery Hero on Thursday reported stronger than expected growth it its second-quarter gross merchandise value and confirmed its full-year outlook on the back of higher order volumes. Quarterly gross merchandise value or GMV, a common metric for delivery firms measuring the...