Gucci39;s Q4 revenue down 14 Gucci39;s 2022 recurring op income flat at 3.73 bln euros Gucci in 2022 39;did not meet our expectations39; finance chief PARIS, Feb 15 Reuters Sales at French luxury group Kering fell 7 in the fourth quarter, dragged lower by a slump in revenue at its biggest brand Gucci which was hit […]

DUBAI, Feb 15 Reuters Twitter Chief Executive Elon Musk said on Wednesday that towards the end of 2023 would be good timing to find someone else to run Twitter, when he expects the social media platform to be stable. I think I need to stabilise the organisation and just make sure it39;s in a financially […]

BENGALURU, Feb 14 Reuters Indias top oil explorer Oil and Natural Gas Corporation reported a 26 rise in its thirdquarter profit, helped by higher crude and gas prices. The staterun companys profit came in at 110.45 billion rupees 1.33 billion for the quarter ended Dec. 31 compared to 87.64 billion rupees a year earlier. India in […]

Turnaround speed an issue in investor talks No timeline on steel unit spin off, hydrogen IPO Q1 adjusted EBIT down by a third Shares fall as much as 9.6 FRANKFURTDUESSELDORF, Feb 14 Reuters Thyssenkrupp39;s restructuring was progressing at a slow pace, its finance chief said, as the company grapples with delayed spin off and listing of […]

Feb 14 Reuters CocaCola Co on Tuesday forecast 2023 profit growth above Wall Street expectations after edging past fourthquarter revenue estimates, as demand for its sodas remains resilient in the face of multiple price hikes to tackle higher costs. Shares of the company rose about 1 in premarket trading. CocaCola39;s near duopoly in the global carbonated […]

Ford to cut around 2,300 jobs in Germany Around 1,300, or one in five, UK jobs to go Electric cars require less labour, Ford says No compulsory redundancies in Cologne, Aachen before 2032 BERLIN, Feb 14 Reuters Ford plans to cut one in nine jobs in product development and administration across Europe as part of a […]

SINGAPORE, Feb 13 Reuters DBS Group has a tightly managed exposure to India39;s Adani group of companies, the chief executive of Southeast Asia39;s largest bank said on Monday. DBS was among a group of banks which provided finance to Adani39;s 10.5 billion acquisition of Holcim39;s cement business in India last year. The Singapore bank provided financing of […]

Feb 10 Reuters ValueAct Capital Management has taken a stake in Spotify Technology SA, at a time when the audio streaming company is looking to cut costs. We welcome ValueAct as an investor in Spotify, a spokesperson for the Swedish company said on Friday, without disclosing further details on the investment. Spotify39;s shares rose 3.5 […]

Feb 10 Reuters Lyft Inc shares fell 35 on Friday after a bleak forecast fueled worries that the company will have to cut prices and sacrifice profit to avoid being a distant second to rival Uber in the North American ridesharing market. Both the companies have been locked in a battle for market share coming off the […]

MOSCOW, Feb 10 Reuters Russian mining giant Nornickel said on Friday its earnings before interest, tax, depreciation and amortisation EBITDA fell 17 yearonyear in 2022 to 8.7 billion, as it grappled with a drop in sales and supply chain disruption. Nornickel is the world39;s largest producer of palladium and refined nickel. While it has not been […]