ZURICH (Reuters) – Nestle Chief Executive Philipp Navratil wants the Swiss food company to move fast and be open to fresh ideas, he said on Thursday, in his first public comments since taking charge earlier this month. “What can each of us do to make Nestle better, smarter and faster?” he said in a post …
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By Greta Rosen Fondahn and Helen Reid MALMO, Sweden (Reuters) -Inter IKEA Group CEO Jon Abrahamsson Ring will step down at the end of the year, the owner of the world’s biggest furniture brand said on Thursday, with Jakub Jankowski taking over as trade tensions and U.S. tariffs loom over the sector. Jankowski, the 49-year-old …
Inter IKEA switches CEOs as it focuses on cash-strapped consumers Read More »
(Reuters) – Pets At Home on Thursday said its CEO Lyssa McGowan had abruptly left the company after the British retailer issued its second profit warning in two months, sending shares down to their lowest since March 2020. Demand for pets and pet products has taken a hit in Britain amid inflation and rising living …
UK’s Pets at Home CEO leaves company after second profit warning this year, shares tank Read More »
By DhanushVignesh Babu (Reuters) – M&C Saatchi warned on Thursday its like-for-like sales would drop this year as its Australian business was particularly challenging against a tough economic backdrop and delayed spending by clients, sending its shares down 5%. The British advertising group joined other advertising firms which have spoken of near-term caution by clients …
Ad group M&C Saatchi forecasts weaker sales in 2024 on economic uncertainty Read More »
FRANKFURT (Reuters) -The current account surplus of the 20 nations sharing the euro narrowed in July on a lower surplus for services and a smaller primary income, which typically includes the flow of profits, wages, interest and dividends into and out of the bloc. The current account surplus shrank to 27.7 billion euros in July …
FRANKFURT (Reuters) – Deutsche Bank foresees revenue at its fixed-income and currency business exceeding consensus expectations in the third quarter, while consensus forecasts for revenue at its retail business are a bit high, chief financial officer James von Moltke said on Thursday. The sneak peak for the three months through September is significant because it …
Deutsche Bank sees fixed-income and currency business ahead of consensus in Q3 Read More »
By James Davey LONDON (Reuters) – British fashion retailer Next reported a 13.8% rise in first-half profit and reaffirmed its full-year guidance on Thursday, but struck a cautious tone on the trading outlook, expecting the UK economy to weaken and its sales growth to slow. The FTSE 100 company said it expects Britain’s job market …
Next expects sales growth to slow as UK economy weakens Read More »
(Reuters) – Britain’s Bloomsbury Publishing named Guardian Media Group’s Keith Underwood as its finance and operating chief on Thursday, amid the book publisher’s efforts to navigate an artificial intelligence-led digital expansion drive. Underwood, 49, is currently the chief financial officer and chief operating officer at the publisher of The Guardian newspaper, and has previously worked …
UK’s Bloomsbury Publishing names Guardian Media’s Underwood as CFO Read More »
By Darya Korsunskaya MOSCOW (Reuters) – The Russian government is considering raising the rate of value-added tax to keep the budget deficit in check and maintain reserves, four sources told Reuters, despite public assurances from President Vladimir Putin that there will be no tax rises. The draft budget is expected to be submitted to parliament …
Russian government explores way to make ends meet as budget deadline looms Read More »
(Reuters) – Britain’s Domino’s Pizza Group named Andrew Andrea as its new chief financial officer on Thursday, succeeding Edward Jamieson. Andrea, who is currently the CFO of Irish drinks producer C&C Group, is set to join the pizza chain on March 16, 2026. Jamieson, who joined the company as its finance head in October 2022, will …
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