PARIS -Kering will propose a 20 million euros ($22.89 million) signing-on bonus for its new CEO Luca de Meo, adding to an overall annual salary of close to 9 million euros ($10.29 million) and up to 150% the same amount in shares, depending on performance. In filings made ahead of its September 9 shareholder meeting …
Kering’s new CEO De Meo to receive 20 million euro sign-on bonus, filings show Read More »
By Dan Catchpole (Reuters) -U.S. planemaker Boeing sent a new contract offer on Thursday to the union representing roughly 3,200 factory workers at Boeing’s defense division, mostly in the St. Louis area. It contains some minor compensation changes that would benefit senior union members, the company said. The offer also keeps current overtime policies, which …
Boeing makes new contract offer to St. Louis defense workers Read More »
By Elisa Anzolin MILAN (Reuters) -Italian spirits group Campari on Thursday warned of an up to 45 million euro ($51 million) hit from U.S. tariffs to earnings this year, as it reported a 2.9% increase in second-quarter adjusted operating profit. European wine and spirits will face a 15% U.S. import tariff until a different deal …
Italy’s Campari flags possible tariff hit, says no room to hike U.S. prices Read More »
By Amanda Cooper and Chibuike Oguh NEW YORK/LONDON (Reuters) -The U.S. dollar was headed for its first monthly gain for 2025 against major currencies on Thursday, underpinned by easing trade tensions and U.S. economic resilience. The dollar rose against the yen, trading at its highest level since May 28. It is on track to gain …
Dollar set for first monthly gain of 2025 as trade deals ease uncertainty Read More »
By Sheila Dang HOUSTON (Reuters) -Top U.S. oil producers Exxon Mobil and Chevron are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil and gas prices slashed revenue. The April-June quarter covered a volatile period in which the OPEC+ group of producers continued raising their …
Exxon, Chevron profits to drop to lowest point since pandemic, analysts say Read More »
(Reuters) -Canada’s Brookfield Wealth Solutions agreed to acquire Just Group for 2.4 billion pounds ($3.18 billion) as part of its expansion into the UK pension risk market, sending the British insurer’s shares to an 11-year high. Under the deal, Just Group shareholders will receive 220 pence per share, a 75% premium to the stock’s closing …
Canada’s Brookfield to buy UK’s Just Group for $3.2 billion Read More »
By Utkarsh Shetti and Dan Catchpole (Reuters) -Howmet Aerospace on Thursday lifted its full-year forecasts, buoyed by strong demand for its fasteners and engine components due to ramping jet production. Shares fell 8%, however, amid concerns that the increase was likely conservative given the stock’s high valuation after a strong rally this year. Growing demand …
Howmet raises 2025 forecast on robust aerospace demand, but shares fall on concerns Read More »
MILAN (Reuters) -Italian fashion brand Roberto Cavalli is not up for sale, a spokesperson for Dubai’s DAMAC said on Thursday. “Roberto Cavalli is not for sale. As recently said, we are still interested in strategic partners who can add value to the business,” the spokesperson said in a statement. Last month Roberto Cavalli said it …
Dubai’s DAMAC says Italian fashion group Roberto Cavalli not up for sale Read More »
By Sergio Goncalves LISBON (Reuters) -Portugal’s fourth-largest lender Novo Banco expects its acquisition by France’s BPCE to give it “massive firepower” to grow in the Portuguese market and boost its financial strength, its CEO told Reuters on Thursday. The French lender agreed in June to a 6.4 billion euro ($7.31 billion) deal to acquire Novo …
Novo Banco targets growth in Portugal after acquisition by France’s BPCE Read More »
By Yadarisa Shabong (Reuters) -Dove soap maker Unilever beat forecasts for second-quarter underlying sales growth on Thursday, citing strong demand at its ice cream business which it will spin off later this year as part of an ongoing reorganisation. The company said the ice cream spin-off is set for mid-November. Unilever will retain a less …
Unilever beats sales forecasts as ice cream business shines Read More »
