Oct 1 Reuters Hot sauce maker McCormick raised its annual earnings forecast on Tuesday after posting betterthanexpected thirdquarter results, banking on consumers choosing to make meals at home to curb discretionary spending amid sticky inflation. Shares of the company were up about 2 in premarket trading. McCormick saw uptick in demand for its products like spices […]

GDANSKWARSAW, Oct 1 Reuters Polish convenience store group Zabka plans to raise up to 6.45 billion zlotys 1.67 billion for selling shareholders in its initial public offering IPO this month, potentially the biggest IPO in Warsaw since 2020. The company said on Tuesday it aimed to sell shares at between 20.0 and 21.5 zlotys each. […]

MILAN, Oct 1 Reuters Stellantis39; chief Carlos Tavares will address an Italian parliamentary committee next week on the prospects for the carmaker39;s production in Italy, the company said on Tuesday, after it warned about poor demand for electric vehicles. The hearing will take place on Oct. 11, Stellantis said in a statement, after announcing it had […]

India investigating fire at Tata plant, production suspended Apple may lean on China imports to address shortfalls, analyst and source say Tata incident latest disruption at India Apple suppliers India estimated to have 2025 of total iPhone shipments in 2024 BENGALURU, Oct 1 Reuters Extensive damage from a fire at Tata Group39;s Apple iPhone component plant […]

Oct 1 Reuters Data center firm Equinix is forming a joint venture with Singapore39;s sovereign wealth fund GIC and Canada Pension Plan Investment Board with goals to raise more than 15 billion in capital, the company said on Tuesday. Equinix and its partners will use the capital to expand the U.S. footprint of hyperscale data centers, […]

Oct 1 Reuters Zoom Video Communications on Tuesday named veteran Microsoft executive Michelle Chang as its chief financial officer, effective Oct. 7. Chang, who joined the tech giant in April 2000, was most recently the CFO of Microsoft39;s Commercial Sales Partner Organization. She will report to Zoom founder and CEO Eric Yuan. She will succeed Kelly Steckelberg […]

Oct 1 Reuters Shares of Sigma Healthcare shot to their highest levels in 18 years on Tuesday, after the Australian healthcare group offered three major concessions to facilitate its A8.8 billion 6.09 billion merger with Chemist Warehouse. Under the proposed concessions, Sigma will let franchisees who joined at the start of 2024 to opt out of […]

Oct 1 Reuters Australia39;s Rio Tinto has signed an agreement with UK refinery developer Green Lithium to develop a lithium supply chain securing critical battery metal supplies for the UK and EU39;s automotive and manufacturing sectors, the companies said. By building our refineries, we will accelerate the adoption of EVs and sustainable energy storage through the […]