(Reuters) -British sportswear retailer Frasers Group called on Thursday for a general meeting of Boohoo to appoint Mike Ashley as a director and CEO of the struggling online fashion retailer. Frasers, controlled by British businessman Ashley, is the biggest shareholder in Boohoo with an about 27% stake. Boohoo said last week that its CEO John …
UK’s Frasers demands appointment of Mike Ashley as Boohoo CEO Read More »
By Isabel Demetz and Tristan Veyet (Reuters) -German engine manufacturer MTU Aero Engines beat third-quarter profit expectations on Thursday buoyed by commercial original equipment manufacturing and its spare parts business. Adjusted earnings before interest and taxes (EBIT) rose by 42% to 273 million euros ($295 million), in line with preliminary results published in October and …
LONDON (Reuters) -Global miner Anglo American on Thursday posted double-digit falls in its third-quarter copper and diamond production but maintained its 2024 guidance for the commodities. Anglo said its copper output fell 13% in the July to September quarter, while rough diamond production decreased by 25% on cuts due to prolonged lower demand. Its De …
Anglo American copper, diamond output down in Q3, 2024 guidance unchanged Read More »
By Gianluca Lo Nostro and Pauline Foret (Reuters) -Struggling French IT firm Atos reported a 4.4% organic drop in third-quarter revenue on Thursday, owing to softer market conditions, but said it has seen an improved order entry for the quarter ahead. Group revenue in the third quarter of the year fell to 2.30 billion euros …
France’s Atos posts Q3 revenue dip but sees improved order entry Read More »
(Reuters) -British homeware retailer Dunelm reported a 3.5% growth in its first-quarter sales on Thursday, driven by higher volumes and a broadened product range as more than a third of its sales came from the digital presence. The retailer had laid out plans in September targeting a 10% growth in market share over the medium …
British retailer Dunelm sales rise in first quarter on higher volume Read More »
(Reuters) – Greek industrial and energy group Metlen on Thursday reported a 6% year on year rise in its January to September core profit, helped by its renewable energy division and higher aluminium prices. Its earnings before interest, taxes, depreciation and amortisation (EBITDA) for the first nine months rose to 763 million euros ($823 million) …
Greece’s Metlen posts 9-month profit rise led by renewables Read More »
By Leo Marchandon and Michal Aleksandrowicz (Reuters) -Orange on Thursday reported third-quarter profit that was slightly ahead of market expectations, driven by a strong performance at its Africa and Middle East business, and reiterated its full-year guidance. Group revenue, a notch above consensus, rose by 1.6% compared with the third quarter of 2023. Africa & …
Orange Q3 beats market view, reiterates guidance Read More »
By Mimosa Spencer PARIS (Reuters) -Birkin bag maker Hermes reported on Thursday a hefty rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury handbags lure wealthy shoppers. The French luxury company generated 3.7 billion euros ($3.99 billion) in revenue for the three months ending in September, …
Hermes continues to outshine rivals with Q3 sales up 11.3% Read More »
(Reuters) – Tesla’s Frankfurt-listed shares rose 12% to a two-week high on Thursday, as a strong sales forecast cheered investors. CEO Elon Musk on Wednesday forecast vehicle sales would grow by 20-30% next year, reassuring investors Tesla was improving its core electric vehicles business, and reducing concerns about when it could produce a robotaxi. Its …
Tesla shares pop 12% in Frankfurt on strong sales forecast Read More »
(Reuters) – French technology group Atos has received approval from the Nanterre Commercial Court for its proposed accelerated restructuring plan, the company said on Thursday. The restructuring will be executed between November 2024 and January 2025 through several capital increases and debt issuance, the company’s statement said. (Reporting by Gianluca Lo Nostro and Pauline Foret; …
