By Rajesh Kumar Singh, David Shepardson and Abhijith Ganapavaram CHICAGO (Reuters) – Boeing Co’s top executives on Wednesday forecast a ramp-up in jet deliveries and higher free cash flow next year, as they sought to reassure skeptical investors the planemaker was recovering from a crippling slowdown following the pandemic and the grounding of its best-selling …
Boeing’s top execs make bullish pitch to skeptical investors Read More »
(Reuters) – Russian state bank Sberbank Rossii PAO said on Wednesday that it had sold its 43% stake in Croatian food producer and retailer Fortenova Grupa but did not give a reason. In a brief statement, Sberbank said the stake had been bought by Saif Bin Markhan Alketbi, an investor from the United Arab Emirates. …
Russia’s Sberbank says it has sold its 43% stake in Croatia’s Fortenova Read More »
By Tristan Chabba (Reuters) -Swiss duty-free retailer Dufry said on Wednesday it expects a sharp rise in 2022 turnover as it posted a nearly 57% jump in third quarter sales, boosted by leisure travel in summer months. The company, which operates in over 60 countries with around 2,200 shops globally, forecast a full-year turnover of …
Duty-free retailer Dufry sees hike in 2022 turnover on strong demand Read More »
By Elvira Pollina MILAN (Reuters) -Italian broadcaster MediaForEurope (MFE) said on Wednesday it had raised its potential voting stake in ProSiebensat.1 to 29.9%, cementing its position as the German media group’s single biggest shareholder. Controlled by the family of former Italian Prime Minister Silvio Berlusconi and formerly known as Mediaset, MFE has long seen tie-ups …
Berlusconi-backed MFE strengthens grip on Germany’s ProSiebensat Read More »
By Kate Abnett and Giuseppe Fonte BRUSSELS (Reuters) – Italy is attempting to weaken a pledge 10 European governments intend to make on Thursday to stop export credit support for fossil fuel projects, according to draft documents and sources familiar with the matter. The pressure from Italy comes as delegates from nearly 200 countries prepare …
Exclusive-Italy pushes to weaken fossil fuel financing pledge – sources Read More »
MADRID (Reuters) – The European Central Bank “will need additional interest rate increases” to fight off inflation even considering the growing likelihood of a euro zone recession, policymaker Pablo Hernandez de Cos said on Wednesday. “But to what level and how fast will depend on the inflation outlook, which, in turn, depends on the growth …
ECB will need more rate hikes to fight off inflation, De Cos Says Read More »
By Natalie Grover (Reuters) -GSK raised its 2022 forecast for the second time this year, after third-quarter earnings and sales topped estimates, continuing its strong start as a standalone prescription medicine and vaccine business since carving out its consumer health division. After years of underperformance relative to its peers and missing out on the lucrative …
New GSK maintains strong start, but Zantac litigation looms large Read More »
LONDON (Reuters) – The decline in euro zone manufacturing activity was sharper than initially estimated last month, indicating that the sector is in recession, as the cost of living crisis put a big dent in demand, a survey showed on Wednesday. S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) fell to a 29-month low of …
Euro zone factory downturn deepened in Oct as demand slumped Read More »
STOCKHOLM (Reuters) -Sweden-based Volvo Car AB said on Wednesday its sales grew 7% year-on-year in October to 54,317 cars. “Overall underlying demand for the company’s cars remains robust, especially for its recharge range of pure electric and plug-in hybrid cars,” it said in a statement. Volvo Cars, which is majority-owned by Chinese automotive company Geely …
Volvo Cars’ sales up 7% in October on “robust” underlying EV demand Read More »
ROME (Reuters) – Italy’s gas storage facilities are more than 95% full as the country prepares for a winter when supplies might be constrained by the war in Ukraine, gas grid operator Snam said on Wednesday. Italy was a major importer of Russian gas but has moved to source supply from countries including Algeria, fill …
Preparing for winter, Italy gas storage hits 95% capacity Read More »
