MILAN (Reuters) – Eyewear maker EssilorLuxottica said on Wednesday its adjusted operating profit rose 9.4% last year, to 4.4 billion euros ($4.6 billion), broadly in line with analysts’ expectations. Revenues at the group, whose brands include Ray-Ban, rose 9.2% at constant exchange rates in the fourth quarter, accelerating compared the third quarter and bringing the …
EssilorLuxottica operating profit rose 9.4% last year Read More »
By Kate Abnett and Julia Payne BRUSSELS (Reuters) – European Union countries will on Thursday discuss demands from some governments to relax the bloc’s gas storage targets, EU sources close to the matter told Reuters, as concerns mount over the cost of refilling Europe’s gas caverns this year. EU gas storage sites are less than …
EU countries to discuss relaxation of gas storage targets, sources say Read More »
MILAN (Reuters) -Europe’s biggest gas distributor Italgas is aiming to complete its acquisition of domestic rival 2i Rete Gas by the end of March or the beginning of April, its CEO Paolo Gallo said on Wednesday. The group would then launch a planned 1-billion euro capital increase to help fund the deal. “As for the …
Italgas eyes closing of 2i Rete Gas deal by early April Read More »
By Michal Aleksandrowicz and Johan BODINIER (Reuters) – The CEO of Dutch staffing giant Randstad said on Wednesday “the headlines are bleaker than the reality” as some U.S. companies change their diversity, equity and inclusion (DEI) policies targeted by President Donald Trump. Since taking office on Jan. 20, Trump has issued a series of executive …
US firms will aim to have inclusive environment despite DEI changes, Randstad CEO says Read More »
MOSCOW (Reuters) – Russian consumer prices rose by 0.23% in the week to February 10, bringing price growth to 1.53% since the start of the year, compared with 1.55% in the same period of last year, data showed on Wednesday. Russia’s central bank will hold its rate-setting meeting on February 14, with analysts expecting the …
Russian consumer prices up 0.2% ahead of rate decision Read More »
(Reuters) -Kroger said on Wednesday PepsiCo executive David Kennerley would succeed Todd Foley as the company’s chief financial officer, effective April 3. Foley had taken over the role on an interim basis when former CFO Gary Millerchip stepped down last February. Kroger in December ended a two-year effort to merge with rival Albertsons, after courts …
Kroger names PepsiCo executive David Kennerley as CFO Read More »
By Andy Bruce (Reuters) – Bank of England policymaker Megan Greene on Wednesday advocated a cautious approach to cutting interest rates, and said it was looking increasingly likely that policy would need keep leaning against persistent inflation pressure. Greene, an external member of the Monetary Policy Committee who voted with the majority to cut interest …
BoE’s Greene seeks cautious approach to rate cuts, cites inflation pressure Read More »
By Enes Tunagur LONDON (Reuters) – Global marine fuel sales jumped in 2024 after attacks by Yemen’s Houthis starting in late 2023 prompted most shipping companies to divert vessels around southern Africa rather than through the Red Sea, according to data and analysts. Singapore bunker volumes logged fresh highs of 54.92 million metric tons in …
Global marine fuel sales jump in 2024 on Red Sea diversions Read More »
By Padraic Halpin DUBLIN (Reuters) – The world’s largest cardboard box maker Smurfit Westrock expects U.S. consumer spending to be squeezed significantly if 25% tariffs on Mexican goods go ahead, its CEO said on Wednesday after the company’s shares dropped on disappointing fourth quarter earnings. U.S. President Donald Trump this month suspended a 25% tariff …
Packaging giant Smurfit Westrock says Mexico tariffs would squeeze US consumer spending Read More »
(Reuters) -TE Connectivity said it will buy utility grid products maker Richards Manufacturing Co for about $2.3 billion in cash, as it looks to strengthen its position in the electrical utilities market to take advantage of a power demand surge. With companies racing to develop and adopt artificial intelligence, demand for power from data centers …
TE Connectivity to acquire Richards Manufacturing for about $2.3 billion Read More »
