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Top StoriesApple’s Holiday-Quarter Forecast Faces Threat From Huawei, Weak China Market
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Top StoriesEricsson Books $3 Billion Impairment, Says Q3 Core Profit Fell 39%
Top StoriesSaudi Arabia’s Stc Group to Become Telefonica Top Shareholder With 9.9% Stake
L’Occitane’s Billionaire Owner Decides Against Deal to Take Company Private
Date: September 5, 2023
L’Occitane’s billionaire owner decides against deal to take company private By Rishav Chatterjee (Reuters) – Hong Kong-listed skincare specialist L’Occitane International SA said on Monday its controlling shareholder had decided against a potential deal to take the company private, curbing speculation of a possible European listing. L’Occitane updated the market last month about a potential...
Yeezy Destocking Helps Lift Adidas Sales Outlook
Date: August 3, 2023
Yeezy destocking helps lift Adidas sales outlook By Helen Reid LONDON (Reuters) -Adidas sales should fall only slightly in 2023, a better outcome than previously expected, the sportswear giant said on Thursday, confirming strong demand for its remaining Yeezy shoes would help narrow a projected full-year loss. Adidas shares have gained 40% since the start...
France’s Tdf Explores Fibre Unit Sale for Upwards of 1 Billion Euros – Sources
Date: July 31, 2023
France’s TDF explores fibre unit sale for upwards of 1 billion euros – sources By Andres Gonzalez and Amy-Jo Crowley LONDON (Reuters) – French telecoms firm TDF is studying options for its fibre business including a sale, four people familiar with the matter told Reuters, in a deal that could value the fibre unit upwards...
Truck Maker Volvo’s Quarterly Profit Surges, Beats Estimates
Date: July 19, 2023
Truck maker Volvo’s quarterly profit surges, beats estimates By Marie Mannes STOCKHOLM (Reuters) -Swedish truckmaker AB Volvo on Wednesday logged a better-than-expected 57% jump in second-quarter adjusted operating profit, helped by price hikes. “We have been successful in improving margins while managing cost inflation and increased disturbances in the supply chain,” Chief Executive Martin Lundstedt...
Jaguar Land Rover Expects Q1 Free Cash Flow of Over $500 Million
Date: July 7, 2023
Jaguar Land Rover expects Q1 free cash flow of over $500 million (Reuters) -Jaguar Land Rover (JLR) posted a 30% rise in wholesale volumes for the first quarter on Friday, as chip and other supply constraints eased, and forecast free cash flow of over 400 million pounds (about $510 million). The British luxury car maker,...
European Car Sales Rise in May – Acea
Date: June 21, 2023
European car sales rise in May – ACEA BERLIN (Reuters) – European new car registrations increased in May, data from the region’s carmaker association showed on Wednesday. The number of new vehicles registered that month in the European Union, Britain and the European Free Trade Association (EFTA) grew by 18.2% to 1.12 million units year...