Dec 3 (Reuters) – British luxury carmaker Jaguar Land Rover’s chief creative officer, Gerry McGovern, has left the company, magazine Autocar India reported on Tuesday, citing sources. Tata Motors PV-owned JLR declined to comment on the report. The exit follows the appointment of former Tata Motor finance chief PB Balaji as JLR’s new chief executive, …
JLR’s chief creative officer departs, Autocar India reports Read More »
MADRID, Dec 3 (Reuters) – Spain’s service sector expanded robustly in November led by domestic demand, albeit at a slightly slower pace than in the previous month due to a decline in international trade, a survey showed on Wednesday. The seasonally-adjusted HCOB Spain Services PMI Business Activity Index clocked 55.6 last month, down from 56.6 …
Dec 3 (Reuters) – British engineering firm Senior said on Wednesday it had secured a multi-year contract from Airbus to design and manufacture highly engineered aerospace parts for fluid conveyance systems on aircraft. The company will begin deliveries in the first quarter of 2026 from its European facilities, supplying components for both dual and single-aisle commercial …
UK’s Senior wins contract with Airbus for aerospace parts Read More »
BERLIN, Dec 3 (Reuters) – Thyssenkrupp’s steel division head, Marie Jaroni, estimates a restructuring deal that will cut or outsource about 11,000 jobs will cost the company a three-digit million-euro amount, she told the Frankfurter Allgemeine Zeitung newspaper. Thyssenkrupp Steel Europe (TKSE) said earlier this week that it had agreed with the IG Metall union …
Thyssenkrupp steel head puts restructuring costs at several hundred million euros Read More »
Dec 3 (Reuters) – Britain’s financial regulator will lift the pause on handling motor finance complaints on May 31, 2026, two months earlier than initially proposed, as it finalises a compensation scheme for those hit by the mis-selling scandal, it said on Wednesday. The Financial Conduct Authority had paused processing complaints in January 2024 while …
UK to lift pause on motor finance complaint handling in May 2026 Read More »
MILAN, Dec 3 (Reuters) – Italian debt recovery firm doValue Group said on Wednesday it had signed a contract with Spain’s Banco Santander to manage new flows of impaired loans starting in January, replacing an agreement that is set to end in December. The company, which last year acquired Elliott-backed rival Gardant as the industry …
Italy’s doValue renews new bad loan management contract with Santander Read More »
BERLIN, Dec 3 (Reuters) – Sentiment in Germany’s automotive sector deteriorated once again in November as companies became more pessimistic in their business expectations, a survey showed on Wednesday. The Ifo economic institute’s business climate index for the sector dropped to -20.0 points in November from -13.4 points the month before, reversing a sharp rise …
Sentiment in German auto sector deteriorates in November, survey finds Read More »
ZURICH, Dec 3 (Reuters) – Peter Brabeck-Letmathe, former Nestle chairman and former CEO, will give up his honorary Nestle chairman emeritus title in April, the Swiss food giant said late on Tuesday. The move comes after a management shake-up, with Nestle ousting its CEO in September and a new chairman taking the reins in October. …
Former Nestle CEO Brabeck-Letmathe to give up chairman emeritus title Read More »
(Corrects typo in paragraph 10, replacing word with “renowned”) By Jessica DiNapoli and Alexander Marrow NEW YORK, Dec 2 (Reuters) – An audit of the Ben & Jerry’s Foundation, a U.S.-based non-profit solely funded by the brand, found that it had deficiencies in financial controls and governance, according to Magnum, the Unilever unit set to …
BERLIN, Dec 3 (Reuters) – German fashion group Hugo Boss on Wednesday said that it aims to achieve an operating profit margin of around 12% over the medium-to-long term as part of a strategic overhaul. The company said it would strengthen its financial base by consolidating and realigning operations to achieve an earnings before interest …
Hugo Boss aims for long-term 12% operating profit margin in strategic overhaul Read More »
