By Mimosa Spencer PARIS (Reuters) -Alexander McQueen creative director Sarah Burton will leave the Kering-owned fashion label after two decades, the latest in a series of management changes at the French luxury group. New creative direction for the British fashion house will be named “in due course,” the company said in a statement on Monday. …
Alexander McQueen’s creative director Burton to leave Read More »
BRUSSELS (Reuters) – Europe’s solar power industry warned on Monday of a “precarious” situation for European solar photovoltaic (PV) manufacturers as solar PV prices reached record lows. Industry trade group SolarPower Europe said in a letter sent to the European Commission that European companies risk bankruptcies, which they said would hurt the EU’s goal of …
Europe’s solar industry warns of bankruptcy risk as prices drop Read More »
BRUSSELS (Reuters) – EU antitrust regulators have delayed their investigation into Amazon’s $1.7 billion acquisition of robot vacuum cleaner maker iRobot as they wait for the companies to provide requested information. The European Commission, which acts as the competition enforcer in the 27-country bloc, said it stopped the clock on Sept. 8, with effect from …
EU antitrust regulators halt Amazon, iRobot probe, await info Read More »
By Maggie Fick LONDON (Reuters) -AstraZeneca appeared to play down speculation about the future of its CEO after its shares fell more than 4% on Monday following a British tabloid report that Pascal Soriot was considering leaving the drugmaker as soon as next year. The company initially declined to comment on the Mail on Sunday …
AstraZeneca seeks to calm CEO speculation after shares drop Read More »
By Niket Nishant (Reuters) -Instacart on Monday set a target of up to $9.3 billion in valuation on fully diluted basis in its hotly anticipated U.S. initial public offering, much cheaper than the price tag it had fetched in its last funding round. The company, along with some investors looking to cut their stake, is …
Instacart targets up to $9.3 billion valuation for much-awaited US IPO Read More »
LONDON (Reuters) – In early 2021, investment management firm Artisan Partners sent an open letter to an incoming member of Danone’s board, saying it had built a stake of more than 3% in the French food giant. “On almost every measure, Danone’s performance has lagged,” Artisan said, and called for change. About a month later, …
Ripe for change? Activist investors eye food, consumer goods firms Read More »
By Kate Holton LONDON (Reuters) – Almost half of security chiefs at the world’s biggest companies expect to increase their budgets significantly in the next year as they see economic and social unrest driving more cases of theft, fraud and the leaking of sensitive information. A survey of 1,775 chief security officers in 30 countries …
Global companies to hike security spending as threats rise – survey Read More »
By Siddarth S and Shreyashi Sanyal (Reuters) -London’s FTSE 100 index on Monday ended at its highest in nearly a month, after China-exposed stocks got a boost from data which pointed to stabilisation in the world’s second-largest economy, while Vistry led a rally among housebuilders. The blue-chip FTSE 100 index closed up 0.3%, gaining for …
FTSE 100 closes at near 1-month high on China-exposed stocks boost Read More »
By Jan Strupczewski BRUSSELS (Reuters) – The euro zone economy will grow slower than previously expected this year and next, the European Commission forecast on Monday as consumer demand suffers from high inflation and the biggest economy, Germany, slips into recession this year. In its interim forecasts for gross domestic product and inflation of the …
EU Commission cuts euro zone growth forecast as Germany in recession Read More »
BERLIN (Reuters) – The German economy is expected to contract in 2023, the European Commision said on Monday, cutting its forecasts for the euro zone’s biggest economy. Germany’s gross domestic product is now forecast to shrink by 0.4% in 2023, compared to the 0.2% growth projected previously. Weak consumption and a decline in construction investment …
European Commission cuts growth forecast for Germany in 2023 Read More »
