(Reuters) -Michelin on Wednesday cut its sales volume forecast for the full year as the French tyre maker reported third-quarter sales that fell short of market expectations due to weaker demand. Group sales in the third quarter dipped 4.2% to 6.77 billion euros ($7.29 billion) from 7.07 billion euros a year before, below the 6.82 …
Michelin cuts sales volume forecast as quarterly sales miss estimates Read More »
PARIS (Reuters) – France’s top court ordered BNP Paribas SA on Wednesday to repay a client who fell victim to a scammer who pretended to be an adviser for the bank. The scammer called the client in 2019 and asked him to delete five people from his list of beneficiaries for wire transfers and then …
France’s top court orders BNP Paribas to repay scam victim Read More »
By Dominique Vidalon and Helen Reid PARIS (Reuters) -Carrefour, Europe’s largest food retailer, said on Wednesday that shoppers are buying more organic and branded products, in a sign of stronger consumer confidence helping its sales improve in the third quarter. Carrefour stuck to its annual financial targets and said price cuts have helped it win …
Carrefour sees consumer confidence improving as price cuts boost sales Read More »
By Waylon Cunningham (Reuters) -Starbucks’ new CEO Brian Niccol has his work cut out for him. Tasked with reassuring investors that the company’s coffee shops are still hugely popular in the U.S., Niccol also has to contend with baristas and hardcore Starbucks customers who say they want plenty of changes. Baristas complain about what they …
Starbucks baristas have one message for new CEO: change! Read More »
AMSTERDAM (Reuters) -A review for the Dutch government on a support package given to airline KLM during the COVID-19 pandemic concluded it was flawed because it reduced the risk borne by banks, even though it succeeded in its primary goal of keeping the airline operating. The review also highlighted “the lack of a sufficient mechanism …
Review criticises Dutch state aid package for KLM during pandemic Read More »
By David Lawder and David Milliken WASHINGTON (Reuters) -Britain should bring public debt under control in a way that preserves public investment, a top official at the International Monetary Fund said on Wednesday as finance minister Rachel Reeves prepares for her first budget next week. IMF Fiscal Affairs Director Vitor Gaspar said he welcomed debate …
IMF says UK should shield investment while curbing debt Read More »
By Ananya Mariam Rajesh (Reuters) -Coca-Cola is aiming to hit the higher end of its organic sales forecast for 2024 as growing demand for its higher-priced sodas and juices in the U.S. helped it post a surprise rise in third-quarter sales on Wednesday. Shares of the Sprite and Fanta maker, however, fell 2% as CEO …
Coca-Cola eyes top-end of 2024 sales view on resilient soda demand in US Read More »
By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -European shares closed Wednesday’s choppy session in the red, with mining stocks among top drags, while weak earnings from heavyweights such as Germany’s largest lender Deutsche Bank and beauty giant L’Oreal pressured sentiment further. The pan-European STOXX 600 index declined 0.3%, with bourses in major …
STOXX 600 ends lower with earnings season in full swing Read More »
By Pranav Kashyap (Reuters) -London’s blue-chip stock index extended declines for a fourth straight session on Wednesday, dragged down by mining stocks as the upcoming UK budget and the U.S. presidential election prompted investors to shy away from risky assets. The FTSE 100 and the domestically focussed FTSE 250 fell 0.6% each, with both the …
FTSE 100 extends declines as budget, US election jitters prevail Read More »
(Reuters) -Shell plc said on Wednesday its unit, Shell Energy North America (SENA), has agreed to acquire RISEC Holdings, the owner of a 609-megawatt gas power plant in Rhode Island. The deal secures long-term supply and capacity offtake in the deregulated Independent System Operator New England market, where SENA has held a contract for 100% …
Shell to acquire power plant operator RISEC Holdings Read More »
