By James Davey LONDON (Reuters) – Associated British Foods said it was well set-up for medium term growth, as it reported a 32% rise in full-year profit, driven by robust performances from its Primark clothing business and grocery division. Shares in the group, which also has large sugar, ingredients and agriculture businesses, were up 3% …
Primark and groceries fuel profits at Britain’s AB Foods Read More »
By Linda Pasquini and Ozan Ergenay (Reuters) -Hugo Boss’ on Tuesday reported that its third-quarter operating profit slightly exceeded expectations, but said it wouldn’t reach its revenue and profit growth targets for 2025 amid tepid demand, sending shares lower in morning trading. Hugo Boss had warned in March that it might need to delay its …
Hugo Boss says it won’t reach 2025 revenue, profit targets; shares slip Read More »
MILAN (Reuters) – Italy’s tax police said on Tuesday they had searched the headquarters of Oaktree-owned Banca Progetto, which was placed under court administration in a separate case last month, as part of an investigation into alleged fraud involving public funds. In this latest case, a court in the northern city of Brescia ordered three …
Oaktree-owned Banca Progetto raided in public funds fraud probe Read More »
(Reuters) – Coca-Cola Europacific Partners, a bottling unit of Coca-Cola, lowered its annual sales forecast on Tuesday in response to reduced demand for beverages in Europe, as well as weakness in Indonesia linked to the Middle East conflict. Although demand for sodas has remained resilient, customers from lower income groups are becoming more cautious and …
Coca-Cola Europacific Partners cuts annual sales forecast on weak Europe demand Read More »
(Reuters) – New car registrations in the UK fell for the second time this year, dropping 6% to 144,288 in October, industry data showed on Tuesday. The Society of Motor Manufacturers and Traders (SMMT) said declines were recorded across all buyer types except battery electric vehicles (BEVs). Nearly 300,000 new BEVs hit the road in …
UK new car sales fall 6% in October, industry data shows Read More »
By Sarah Young LONDON (Reuters) -Britain’s ASOS said it was confident it would return to growth in 2025, but last year’s decline and tough competition showed the scale of the challenge the online fashion retailer is facing, sending its shares to their lowest in five months. ASOS has been trying to reinvent itself for the …
UK’s ASOS battling for turnaround in tough market Read More »
(Reuters) – The UK’s financial regulator on Tuesday laid out plans to ensure investors in bonds and derivatives markets have access to more information and that firms lower costs by making investment research payments more flexible. The Financial Conduct Authority (FCA) has established a simpler and more timely post-trade transparency procedure to ensure that liquidity …
UK financial regulator to boost transparency in bonds, derivatives markets Read More »
BERLIN (Reuters) -Tesla has raised the wages of all employees at its German gigafactory outside Berlin by 4% since the start of November, the U.S. electric carmaker said on Tuesday. The hike comes a month after Tesla said it would give permanent jobs from Nov. 1 to 500 temporary workers there. German union IG Metall, …
Tesla increases wages for staff at German gigafactory by 4% Read More »
(Reuters) -Frankfurt Airport operator Fraport posted on Tuesday a 2% core income miss and a modest increase in its passenger numbers during the third quarter, as high location costs for German carriers hindered a recovery in travel demand. Shares in Fraport fell as much as 3% in morning trading. Fraport said its core income (EBITDA) …
Fraport says Germany’s high costs slow travel recovery at Frankfurt airport Read More »
(This Sept. 4 story has been corrected to fix the first name of PGZ board member to Marcin, not Maciej, in paragraph 3) WARSAW (Reuters) – Poland wants to ramp up its production of 155 mm artillery rounds in the hope of ensuring sufficient supplies if Russia attacked NATO, a senior official has said. Some …
