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Top StoriesAbb Delays IPO of E-Mobility Business Citing ‘challenging’ Market
Top StoriesRussia Has Not Seen Italian Peace Plan for Ukraine
Top StoriesUK’s Kingfisher Boosted by ‘grow Your Own’ Plant Sales
Top StoriesExplainer-Can Elon Musk Renegotiate a Lower Price for His Twitter Deal?
Soccer-Man City Must Refocus on Premier League Title Race After Real Blow
Date: May 5, 2022
By Mark Gleeson (Reuters) – Manchester City must quickly put the disappointment of Champions League failure behind them as their battle for Premier League supremacy with Liverpool resumes at the weekend. City were minutes away from booking a place in the final before Real Madrid produced a stunning extra-time comeback to advance to the May...
Pandora Warns of Uncertainty in 2022 After Record Quarter
Date: May 4, 2022
By Nikolaj Skydsgaard COPENHAGEN (Reuters) – Jewellery maker Pandora warned on Wednesday that higher inflation and the Ukraine war posed increased uncertainty for its full-year earnings, despite reporting record first-quarter revenue and raising its sales outlook slightly. “We are very pleased with the strong start to the year delivering record revenue for a first quarter,”...
Makers of Dawn Dish Soap, Heinz Ketchup, Clorox Boost Defenses Against Store Brand Rivals
Date: May 3, 2022
By Jessica DiNapoli and Richa Naidu NEW YORK/LONDON (Reuters) – The makers of brand-name products such as Tide detergent and Kraft Macaroni & Cheese are bolstering their defenses against store-brand rivals like Walmart Inc’s Great Value products as shoppers’ budgets start to show signs of strain due to persistent inflation. Executives at Clorox Co said...
After Five Record Crops, Heat Wave Threatens India’s Wheat Output, Export Plans
Date: May 2, 2022
By Mayank Bhardwaj and Neha Arora NEW DELHI (Reuters) -India’s wheat output looks likely to fall in 2022 after five consecutive years of record harvests, as a sharp, sudden rise in temperatures in mid-March cut crop yields in the world’s second-biggest producer of the grain. The drop could curb Indian exports of the staple. Cashing...
Dulux Maker Akzo Nobel Beats Forecasts Through Higher Prices
Date: April 21, 2022
By Valentine Baldassari (Reuters) -Akzo Nobel reported stronger-than-expected quarterly core earnings on Thursday as higher pricing helped offset supply chain issues, a coronavirus resurgence in China and the impact of Russia’s invasion of Ukraine. Chief Executive Thierry Vanlancker said in a statement that the group’s “vigorous pricing initiatives” had helped it manage “the unprecedented variable...
European Cosmetics Makers Face Supply Crisis Amid Scarcity of Ukraine Resources
Date: April 12, 2022
By Mimosa Spencer, Valentina Za and Francesco Zecchini PARIS/MILAN (Reuters) -European perfume- and cosmetics-makers face shortages of paper, glass, and some key oils and alcohols, as Russia’s invasion of Ukraine adds further disruptions to the supply chains for beauty products, driving prices higher amid robust demand. Like the food industry, the $500 billion global cosmetics...