By Diana Mandia (Reuters) -French telecoms operator Orange reported on Wednesday a drop in first-quarter fixed broadband customers in its home market, knocking its shares despite meeting core operating profit expectations on growth in Africa and the Middle East. The shares were down 2.4% at 0932 GMT, compared with a 0.2% rise for Europe’s STOXX …
Telecoms firm Orange slips on drop in French broadband customers Read More »
By Mimosa Spencer and Dominique Patton PARIS (Reuters) -Shares in French luxury group Kering fell by as much as 9.3% in early trade on Wednesday, to their lowest level in over 6 years, as the market digested news of a likely 40%-45% plunge in first-half operating profit. First-quarter sales at Kering declined 10%, the company …
LONDON (Reuters) – Ryanair forecast on Wednesday that its British traffic would grow by 22% by 2030 from its current level of 53 million passengers per year to 65 million passengers per year. (Reporting by Joanna Plucinska, writing by Sarah Young, editing by Paul Sandle)
SAO PAULO (Reuters) -Brazilian retailer Carrefour Brasil on Tuesday reported a 2.5% year-on-year increase in its first-quarter gross sales, which totaled 27.8 billion reais ($5.42 billion) in the period. The company controlled by French retail giant Carrefour said in a securities filing that gross sales of its hybrid wholesale unit Atacadao, which accounts for nearly …
Carrefour Brasil’s gross sales up 2.5% in first quarter Read More »
By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla said on Tuesday it would introduce “new models” before the second half of next year, sending shares up nearly 9% in after-hours trading. Tesla’s talk of new vehicles, which it said would include “more affordable models,” lifted investor confidence in the EV maker as it struggles …
Tesla to launch new models ahead of planned timeline, shares jump Read More »
By Nora Eckert DETROIT (Reuters) – United Auto Workers (UAW) President Shawn Fain is moving quickly in the union’s sweeping organizing push at U.S. plants across more than a dozen automakers after clinching an historic victory at a Volkswagen plant in Tennessee. “The win Friday breathes a lot of life into the organizing campaign everywhere,” …
UAW moving quickly after VW organizing win, union president says Read More »
By Allison Lampert, David Ljunggren and Tim Hepher MONTREAL/OTTAWA (Reuters) – Canada has granted Airbus a waiver to allow it to use Russian titanium in its manufacturing after becoming the first Western government to ban supplies of the strategic metal in the latest package of measures triggered by the war in Ukraine. The move gives …
Airbus wins reprieve from Canadian sanctions on Russian titanium Read More »
By Angelo Amante ROME (Reuters) – Italy’s cabinet approved a bill on Tuesday aimed at laying down ground rules for the use of Artificial Intelligence (AI), earmarking investment in the sector and setting sanctions for AI-related crimes, ministers said. Prime Minister Giorgia Meloni has said AI will be among the key issues of Italy’s presidency …
Italy’s cabinet outlines framework, investment for Artificial Intelligence Read More »
(Reuters) – Allfunds Group Plc has abandoned discussions over a potential sale of the European fund distribution company, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. Allfunds received several interests for a deal, but the company’s board decided not to proceed with the sale, as the offers didn’t fully reflect its …
Allfunds abandons talks about potential sale, Bloomberg reports Read More »
By Yadarisa Shabong (Reuters) -JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as Britain’s biggest sportswear retailer looks to expand across the southeastern U.S. The deal comes as shares in athletic clothing retailers come under pressure globally after weak outlooks from …
JD Sports to buy US rival Hibbett in $1.08 billion sportswear retail deal Read More »
