(Reuters) – Sales of Renault’s Dacia brand posted annual growth of 24.2% in the first six months of the year, the French carmaker’s low-cost unit said on Tuesday, underlining the importance of the affordable brand amid economic uncertainty. Dacia, which boasts best-sellers such as the Sandero city car and which is expanding its range of …
Renault Dacia sales surge 24% in first-half of 2023 Read More »
By Amruta Khandekar (Reuters) -European shares edged higher after a muted start on Tuesday, with Swiss stocks outpacing regional peers following a forecast upgrade by drugmaker Novartis, though a decline in telecom stocks capped the gains. The pan-European STOXX 600 rose 0.2% by 0819 GMT, following declines on Monday when Richemont’s underwhelming results and weak …
European shares gain on boost from Novartis, telecom stocks drag Read More »
BERLIN (Reuters) – Tesla is due to hold a question-and-answer session on Tuesday for citizens in the German state of Brandenburg on the ramifications of a planned expansion of its EV and battery plant which would make the site the biggest car plant in the country. The event could help the U.S. carmaker prevent delays …
Tesla to hold citizen information session on expansion plans for German plant Read More »
By Ludwig Burger FRANKFURT (Reuters) -Novartis on Tuesday raised its full-year earnings forecast on strong drug sales and mapped out the planned separation and stock market debut of its generic medicines division Sandoz for early October. The Swiss drugmaker said in a statement it expected group core operating income to grow by a “low double-digit” …
Novartis raises 2023 forecast, maps out Sandoz spin-off Read More »
By Joice Alves LONDON (Reuters) -Ocado shares surged on Tuesday after the British online supermarket and technology group kept its financial guidance for the year as it reported a return to underlying profit in its first half. Shares surged 15.3% to their highest since February, beating the four-month peak set in June after a report …
Ocado hits five-month high after return to profit, keeping guidance Read More »
LONDON (Reuters) – Britain-based sandwich chain Pret A Manger posted a 20% jump in sales in the first six months of the year, boosted by international store openings, a growing weekend trade and a rise in demand for its subscription scheme. First-half sales came in at 429.9 million pounds ($562 million), Pret said, ahead of …
British sandwich chain Pret posts 20% rise in first-half sales Read More »
(Reuters) -Revolution Beauty said on Tuesday CEO Bob Holt and Chairman Derek Zissman had agreed to step down from the British makeup company as part of a settlement deal with top shareholder Boohoo over board changes. Online fashion retailer Boohoo, which raised its stake in Revolution to over 26% last year, sought board changes at …
Revolution Beauty’s CEO, chair to exit as part of deal with Boohoo Read More »
GANDHINAGAR, India (Reuters) – The world economy is in a difficult place but it is not destined to stay there, World Bank President Ajay Banga said on Monday. The World Bank last month cut its 2024 forecast for global economic growth to 2.4% from 2.7% earlier, citing global monetary tightening. “The fact is that the …
World economy in a difficult place but not destined to stay there – World Bank chief Read More »
By Nathan Gomes (Reuters) -Ford deepened a price war in the electric-vehicle industry on Monday by slashing the prices of its F-150 Lightning trucks, including a 17% cut for the base model, as it aims to boost its share of an EV market dominated by Tesla. Ford’s shares closed down 6% at $14.09. The Detroit-based …
Ford slashes prices of F-150 Lightning trucks as EV wars heat up Read More »
By Foo Yun Chee and Michel Rose BRUSSELS/PARIS (Reuters) -EU antitrust chief Margrethe Vestager will appear at a European Parliament committee’s hearing on Tuesday where she will be grilled by lawmakers on her choice of a U.S. economist for a key EU antitrust job, her communications adviser told Reuters on Monday. The appointment of Fiona …
Exclusive-EU’s Vestager to face lawmakers’ grilling on US economist on Tuesday Read More »
