LONDON (Reuters) -Dutch brewer Heineken’s 2024 profit could fall significantly below analyst estimates owing to geopolitical and economic volatility, it said on Wednesday, sending its shares down as much as 6.5%. Analysts on average expect the world’s second-largest brewer to achieve 9.9% organic operating profit growth over the coming year, helped by decreasing costs from …
By Christoph Steitz and Tom Käckenhoff FRANKFURT (Reuters) -Thyssenkrupp cut its annual sales and net profit forecasts on Wednesday, blaming softening demand and prices at its steel division, where fresh impairment losses underscored the challenges facing the sector. The disclosure drove the embattled conglomerate’s shares to their lowest level in more than 15 months, laying …
Thyssenkrupp cuts net profit outlook on steel unit woes, shares plunge Read More »
AMSTERDAM (Reuters) – Shell and ExxonMobil have asked an arbitration court to decide whether the Dutch state should compensate them for the ending of gas production at the large Groningen field in the north of the Netherlands. Shell and Exxon’s joint venture NAM operates the Groningen field, which was one of Europe’s main gas suppliers …
Oil majors seek arbitration in gas dispute with Dutch state Read More »
(Reuters) -Bloomsbury Publishing forecast annual profit and revenue “significantly ahead” of market expectations on Wednesday, partly buoyed by robust sales of the latest fantasy title in the Crescent City series by Sarah J. Maas. Shares in the FTSE Small Cap firm rose about 9% to a record high of 534 pence in early trade. The …
Bloomsbury upbeat on profits as latest ‘Crescent City’ novel tops charts Read More »
FRANKFURT/MUNICH (Reuters) – CVC Capital Partners is the last remaining candidate in German football’s planned media rights partnership after U.S. financial investor Blackstone dropped out, the Deutsche Fussball Liga (DFL) said on Wednesday. “Blackstone is no longer an option as a strategic marketing partner for the Bundesliga and Bundesliga 2 for several reasons following good …
CVC last bidder in Bundesliga rights sale, Germany’s DFL says Read More »
By Amy-Jo Crowley and Andres Gonzalez LONDON (Reuters) – U.S. wireless tower operator SBA Communications Corp, Blackstone-backed Phoenix Tower and Spanish fund Asterion Industrial Partners are vying for Cellnex’s Irish unit, according to five sources familiar with the matter. Mobile phone tower operator Cellnex is advised by Santander and Barclays on the deal and binding …
Asterion, SBA and Phoenix circle Cellnex’s Irish unit, sources say Read More »
(Reuters) – Alaska Air flight attendants authorized a strike mandate for the first time in three decades, as thousands of cabin crew across three unions picketed for higher pay outside airports in the United States, the UK and Guam on Tuesday. Picketing members included cabin crew from 24 airlines including Alaska, Southwest Airlines, United Airlines …
Alaska Air flight attendants authorize strike for first time in three decades Read More »
(Reuters) – Robinhood Markets posted a rise in fourth-quarter revenue on Tuesday as the online brokerage earned higher interest off customers on loan repayments. The Menlo Park, California-based company reported net interest revenue of $236 million in the quarter, up from $167 million a year earlier. A higher-for-longer interest rate environment has benefited lenders across …
Robinhood’s Q4 revenue rises on interest income boost Read More »
By Aishwarya Jain and Doyinsola Oladipo -Short-term rental company Airbnb forecast first-quarter revenue above Wall Street estimates on Tuesday, as it expects a boost from strong cross-border travel and longer-duration bookings. International travel demand is expected to remain strong this year as global air connectivity increases and travelers flock to Asian and Latin American countries, …
Airbnb sees Q1 revenue above Street estimates on strong international travel Read More »
WASHINGTON (Reuters) -A California agency has rejected Chrysler-parent Stellantis’s bid to void a 2019 state emissions deal with rival automakers, according to a letter seen on Tuesday by Reuters. California’s Office of Administrative Law declined to accept the automaker’s petition filed in December to overturn the California Air Resources Board (CARB) agreement and said the …
California agency rejects Stellantis bid to void rivals’ emissions deal Read More »
