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TotalEnergies sells Brazilian fuel distribution business to SIM Distribuidora

18 Oct 2024

By America Hernandez PARIS -French oil major TotalEnergies said on Friday it has agreed to sell a network including 240 retail fuelling stations and seven ethanol and fuel storage facilities in Brazil to a subsidiary of Grupo Argenta. TotalEnergies said it will keep its lubricants blending and distribution activities in Brazil. The value of the …

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Autoliv’s profits meet expectations as outperforms global light vehicle market

18 Oct 2024

STOCKHOLM (Reuters) -Autoliv, the world’s largest maker of airbags and seatbelts, on Friday reported third-quarter profit in line with expectations, although it lowered its sales forecast as its growth outstripped global light vehicle production (LVP). Supply chain issues, a slowdown in electric vehicle (EV) demand and high costs have weighed on the auto industry. As …

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US Cellular to sell select spectrum assets to Verizon for $1 billion

18 Oct 2024

(Reuters) – United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon in a $1 billion deal. U.S. Cellular’s shares jumped 3.9% in trading before the bell. The company will sell portion of its spectrum licenses used for mobile phone signals and high-speed data services to Verizon. …

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Adidas global sales exec to step down from board at end of October

18 Oct 2024

BERLIN (Reuters) – Adidas’ board member for global sales, Arthur Hoeld, will step down from the German sportswear company’s executive board at the end of October, it said in a statement on Friday. Adidas’ supervisory board and Hoeld mutually agreed on the early termination of his appointment after Hoeld said he would not extend his …

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Analysis-Nestle CEO Freixe’s turnaround plan faces challenge from weak consumer

18 Oct 2024

By Richa Naidu LONDON (Reuters) – Nestle’s plans under new CEO Laurent Freixe to restructure and sharpen its focus on its top brands were welcomed by investors, but executing a turnaround strategy against a backdrop of weak consumer demand will be a tough task. After replacing Mark Schneider as CEO last month, Freixe set out …

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Coca-Cola bottler CCEP to change UK listing category with eye on FTSE 100 inclusion

18 Oct 2024

(Reuters) – Bottler Coca-Cola Europacific Partners said on Friday it plans to change its London stock listing category, in a move that would make the company potentially eligible for inclusion in the benchmark FTSE 100 index. In July, Britain’s Financial Conduct Authority (FCA) rolled out the biggest reform of UK listings rules in decades in …

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France to tender for 9.2 GW offshore wind projects in coming months

18 Oct 2024

PARIS (Reuters) – France will launch tenders in coming months for two fixed and three floating wind farms totalling 9.2 gigawatts (GW), the energy ministry said in a decision published on Friday.  The projects will be built off the coast of Fecamp, northwest France, as well as in waters off Brittany, the western Gascogne Gulf …

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Voestalpine reorganizes automotive component business sites in Germany

18 Oct 2024

By Ozan Ergenay (Reuters) -Voestalpine will reorganize its automotive component business locations in Germany, including the closure of one of the sites, to respond to falling demand and structural changes, the Austrian specialty steelmaker said on Friday. The plants in Dettingen, Schmoelln, Schwaebisch Gmuend and Boehmenkirch will form a joint production network, with each site …

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