(Reuters) -German carmaker BMW reported a slight boost in first-quarter sales on Wednesday, driven partially by demand for electric cars, as it hailed the delivery of its millionth fully-electric vehicle in a milestone for the company. BMW delivered a total of 594,671 vehicles in the first quarter, a rise of 1.1% on the same time …
BMW sales up slightly in Q1 as carmaker hits electric milestone Read More »
By Paolo Laudani and Mateusz Dobrzyniewski (Reuters) – Chocolate maker Barry Callebaut reported half-year sales volumes broadly unchanged from a year earlier, in line with its annual guidance for flat volumes, reiterated on Wednesday. The firm, which supplies chocolate for the soon-to-be-spun-off Magnum ice creams made by Unilever and for Nestle’s KitKat bars, said that …
Barry Callebaut’s volumes inch up despite cocoa prices, inflation Read More »
MEXICO CITY (Reuters) -Fintech company Revolut received a banking license in Mexico and is preparing to expand operations in Latin America’s no. 2 economy, the company said in a press release on Tuesday. The company, which launched in Britain in 2015 and now boasts more than 40 million customers worldwide, said it will establish itself …
Fintech Revolut receives Mexican banking authorization, eyes expansion Read More »
LAUSANNE, Switzerland (Reuters) – Shell’s former CEO, Ben van Beurden, said on Tuesday that European oil and gas companies will find it increasingly difficult to compete with U.S.-listed rivals. There are “a deeper pool of investors and capital in New York and the attitude is more positive towards oil and gas companies,” van Beurden, who …
Shell at disadvantage to US-listed rivals, says former CEO Read More »
PARIS (Reuters) -Airbus jet deliveries rose 12% in the first quarter, the European planemaker said on Tuesday. Deliveries reached 142 aircraft, confirming a Reuters report on the quarterly total last week and leaving the France-based company ahead of U.S. rival Boeing, which delivered 83 commercial airplanes during the same period. Airbus said it had won …
Airbus says first-quarter jet deliveries rose 12% Read More »
ZURICH (Reuters) – A shareholder push to change the statutes of Swiss insurer Baloise has gathered more support as proxy adviser Institutional Shareholder Services (ISS) threw its weight behind the plan after its peer Glass Lewis also backed the initiative. Baloise investor zCapital is seeking to change rules that set a 2% ceiling on voting …
Second proxy adviser backs plan to change Baloise voting rights Read More »
By Foo Yun Chee BRUSSELS (Reuters) -British Airways owner IAG is set to get an EU antitrust warning about its bid to secure full control of Air Europa after its remedies failed to address EU antitrust concerns, people with direct knowledge of the matter said. EU antitrust regulators have not sought feedback from rivals and …
Exclusive-EU warning to IAG over Air Europa deal imminent, sources say Read More »
ZURICH (Reuters) – Novartis is to cut up to 680 jobs in its development organisation, which helps bring its drugs to market, the Swiss pharmaceuticals company said on Tuesday. Around 440 jobs will go in Switzerland and up to 240 in the United States over the next two to three years, the Basel-based company said. …
By Emma-Victoria Farr and Matthias Inverardi FRANKFURT/DUESSELDORF (Reuters) -Germany’s Galeria Karstadt Kaufhof is to be taken over by a consortium including U.S. investor Richard Baker, CEO of its previous owner Hudson’s Bay Company, two sources familiar with the matter said on Tuesday. Galeria, Germany’s most prominent retailer, earlier this year filed for insolvency following the …
US investor Baker, Beetz-led group to buy Germany’s Galeria, sources say Read More »
By Crispian Balmer and Giuseppe Fonte ROME (Reuters) – Italy’s government said on Tuesday fiscal incentives for home renovations had had a “devastating” impact on public finances over the last four years and were to blame for the expected rise in the country’s massive public debt through 2026. The take-up of the incentives had hit …
Explainer-Why Italy’s Superbonus blew a hole in state accounts Read More »
