(Reuters) – Consumer group Unilever surprised investors on Tuesday by replacing chief executive Hein Schumacher with finance chief Fernando Fernandez, who will take on the tough task of reviving the consumer group’s performance. Fernandez will start his new role on March 1, succeeding Schumacher, who had the top job for less than two years. WHO …
Factbox-Who is Unilever’s new CEO Fernando Fernandez? Read More »
DUBAI (Reuters) -Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions. The signing comes a day before BP plans to update investors on its strategy and …
(Reuters) – Reckitt Benckiser has shortlisted private equity firms Lone Star Funds, Advent and Apollo Global for a potential buyout of its homecare brands, Bloomberg News reported on Tuesday, citing people familiar with the matter. The British consumer giant had announced plans to divest its homecare assets, which include Air Wick air fresheners and Cillit …
UK’s Reckitt shortlists bidders for $6 billion homecare portfolio, Bloomberg reports Read More »
By Lucy Raitano and Samuel Indyk LONDON (Reuters) – Some of Europe’s most popular AI-linked stocks fell for a second day on Tuesday, after an analyst note late last week that flagged a possible slowdown by Microsoft on data centre leasing knocked sentiment ahead of make-or-break results from Nvidia. Less than a month ago the …
Europe’s top AI plays extend slide, Microsoft data centre worries persist Read More »
By Anna Wlodarczak-Semczuk WARSAW (Reuters) – Ryanair could have as many as 5 million passengers per year in Ukraine within a year or two of reopening its skies, CEO Michael O’Leary said on Tuesday, as the low-cost airline prepared for a return to the war-torn country. With U.S. President Donald Trump vowing to bring the …
Ryanair set to quickly ramp up passenger numbers in Ukraine, CEO says Read More »
(Reuters) – Manchester United’s lack of success in recent years is a contributing factor in the Premier League club’s financial struggles, manager Ruben Amorim said on Tuesday, stressing the importance of quickly improving performances on the pitch. On Monday, United announced they would cut 150-200 jobs as part of an overhaul to return to profitability …
Soccer-Lack of success a key factor in Man Utd’s financial troubles, says Amorim Read More »
By Yadarisa Shabong and Chandini Monnappa (Reuters) – Unilever’s board, which includes billionaire activist investor Nelson Peltz, was unified in its decision to oust CEO Hein Schumacher, a source familiar with the board’s thinking told Reuters. The board’s surprise move to replace Schumacher with finance chief Fernando Fernandez was because of the view that he …
Unilever’s board unified in decision to oust CEO Schumacher, source says Read More »
By Stephen Nellis (Reuters) – Adobe said on Tuesday it is bringing its Photoshop app to mobile phones for the first time, offering both a free version and a paid version at the lowest cost yet for the app, at $7.99 per month. First released in 1990, Adobe’s digital image software is enough of a …
Adobe brings free Photoshop app to phones, courting younger users Read More »
BERLIN (Reuters) – U.S. carmaker Tesla will acquire parts of the insolvent German high-tech parts maker Manz AG, including more than 300 employees at its site in Reutlingen city in the southwest, the German company said on Tuesday. The deal marks a wider presence by Tesla in Germany, where it runs a manufacturing site near …
Tesla to acquire parts of insolvent German parts maker Manz Read More »
By Amy-Jo Crowley and Richa Naidu LONDON (Reuters) – Unilever may struggle to attract buyers for its plant-based meat business, complicating the company’s plan to cut its exposure to products which are falling out of favour with consumers, industry experts said. Unilever had hoped to emulate the success of industry leaders Beyond Meat and Impossible …
Analysis-Unilever faces battle to reduce plant-based meat exposure Read More »
