MILAN (Reuters) -A few unlawful businesses in the fashion supply chain have tainted the image of ‘Made in Italy’, Italy’s industry minister said on Tuesday, adding that he is working on a certification scheme to remedy this after the latest high profile case. Cashmere company Loro Piana, controlled by French luxury group LVMH, was put …
Italy moves to safeguard fashion sector reputation after labour scandals Read More »
LONDON (Reuters) -Russian oligarch Vladimir Potanin’s ex-wife on Tuesday urged a London appeal court to let her pursue a multi-billion dollar share of his stake in Nornickel, in potentially one of the highest-value divorce cases ever brought. Potanin – CEO of Norilsk Nickel, the world’s largest palladium producer and a major producer of refined nickel …
Russian oligarch Potanin’s ex-wife asks UK court to clear claim to Nornickel shares Read More »
(Reuters) -Water technology firm Pentair on Tuesday raised its adjusted profit forecast for the full year, citing its optimism over capitalizing on growing demand for water solutions and aging infrastructure across commercial and municipal sectors. The company now expects 2025 adjusted earnings between $4.75 and $4.85 per share, up from its previous view of $4.65 …
UK’s Pentair raises annual profit forecast on favorable market trends Read More »
By Amir Orusov and Simon Ferdinand Eibach (Reuters) -Lindt & Sprüngli raised its organic growth forecast on Tuesday, aided by strong sales in Europe, but its shares tumbled as steep hikes in chocolate prices struck half-year volumes. Despite this, CEO Adalbert Lechner said the maker of Lindor chocolate balls planned to raise prices again next …
Lindt’s price hikes hit volumes even as European sales boost outlook Read More »
By Nithyashree R B and Pushkala Aripaka (Reuters) -Chilled and frozen food manufacturer Greencore raised its annual profit forecast on Tuesday, driven by cost cuts and strong demand for its convenience products during the summer, sending the company’s shares up more than 10%. Greencore, which supplies chilled salads, sandwiches, sushi, soups and frozen Yorkshire puddings …
UK’s Greencore raises forecast as chilled food demand soars in summer Read More »
By Dimitri Rhodes (Reuters) -Dulux paint maker Akzo Nobel lowered its core profit outlook for 2025 on Tuesday, citing ongoing market uncertainties and adjusting for exchange rates. Akzo Nobel’s shares were down 3.3% at 57.44 euros, as of 0924 GMT, after falling as much as 5.3% earlier. The Dutch paints and coatings maker now forecasts …
Akzo Nobel lowers adjusted earnings forecast citing market uncertainties Read More »
MADRID (Reuters) -The deployment of pipes and other infrastructure to ship hydrogen across Europe faces delays of two or three years, the head of Spanish gas grid operator Enagas said on Tuesday. The firm is among the staunchest supporters of the green hydrogen industry, which uses renewable energy for its production. Earlier this year, Enagas …
Europe’s hydrogen infrastructure faces 2-3 year delay, Enagas CEO says Read More »
MADRID (Reuters) -French telecom operator Orange has offered to buy the 50% it does not own in its Spanish unit MasOrange for 4 billion euros ($4.68 billion), Spanish news website El Confidencial reported on Tuesday, citing unidentified sources. The offer for the stake that is jointly owned by private equity funds KKR, Cinven and Providence …
Orange offers 4 billion euros for remaining 50% of Spanish unit, El Confidencial reports Read More »
BERLIN (Reuters) -One in four tech startups in Germany is considering leaving the country due to concerns that an economic slowdown in Europe’s largest economy was weighing on prospects for securing venture capital, a study released on Tuesday showed. Some 26% of participants in a study by digital business association Bitkom said they were thinking …
One in four German startups could leave over lack of capital, poll finds Read More »
By Ariane Luthi ZURICH (Reuters) -Julius Baer’s profit fell 35% year-on-year to 295 million Swiss francs ($370 million) in the first half, pressured by loan loss provisions and a charge from the sale of its Brazilian wealth management arm, the Swiss bank said on Tuesday. The Zurich-based wealth manager said it was making good progress …
Julius Baer first-half results clouded by legacy charges Read More »
