BENGALURU, May 1 Reuters India39;s Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries, according to a filing late on Tuesday. The realignment will be implemented after the relevant regulatory approvals have been obtained, after which the two companies will continue to use […]

May 1 Reuters China39;s Huawei Technologies HWT.UL has moved the highprofile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said. While Yu becomes chairman, He Gang, the consumer business group39;s chief operating officer, will take over as the unit39;s CEO, […]

April 30 Reuters Bottler CocaCola HBC beat market forecast for firstquarter revenue on Tuesday, and reiterated its operating profit would rise this year, supported by strong demand for its coffee, energy and sparkling drinks. The company has continued to see strong sales even as prices were hiked to keep up with high costs and countries such […]

NEW YORK, April 30 Reuters Ecommerce titan Amazon.com may be under increasing pressure to offer investors a dividend, as it now finds itself one of the few massive U.S. technology and growth companies not making regular payouts to shareholders. Google parent Alphabet last week became the latest of the socalled Magnificent Seven group of market heavyweights to start […]

FRANKFURT, April 30 Reuters MercedesBenz on Tuesday vowed to steer clear of entering a discount race, saying it would defend high pricing levels for its luxury cars as model changeovers and supply chain bottlenecks caused quarterly profits to fall. The German luxury carmaker reported a 30 drop in firstquarter earnings before interest and tax EBIT to […]

DUESSELDORF, Germany, April 30 Reuters Vonovia returned to profit in the first quarter, Germany39;s largest real estate group reported on Tuesday, despite the sector grappling with its worst crisis in decades. Shares in early trade were up 2.3 in Vonovia, which also said it expects property values to bottom out this year. It posted a profit […]

BERLIN, April 30 Reuters Europe39;s top automaker Volkswagen on Tuesday reiterated its revenue and margin targets for 2024 after posting a 20 drop in firstquarter operating profit hit by lower sales and higher costs, as it gears up to launch many new models. As expected, our first quarter results show a slow start to the year, […]