Category Archives:
German hospitality, retail firms put more staff on shorter hours in December
BERLIN (Reuters) - Coronavirus restrictions in hospitality and retail pushed up the number of German employees put on reduced working hours in job protection schemes in December, the Ifo economic inst...
Jan 12, 2022
Volkswagen sees 8.1% sales drop in 2021 to just under 4.9 million vehicles
(Reuters) - Volkswagen vehicles deliveries dropped 8.1% in 2021 to just under 4.9 million amid severe supply chain bottlenecks, the carmaker said on Wednesday, adding it expected the situation to rema...
Jan 12, 2022
Sainsbury’s raises profit outlook despite Christmas sales fall
LONDON (Reuters) - British supermarket group Sainsbury's on Wednesday raised its full-year profit forecast by at least 9% following stronger than expected food sales over Christmas, even though it fel...
Jan 12, 2022
Maersk moves net zero target forward by a decade to 2040
COPENHAGEN (Reuters) - Container shipping giant A.P. Moller-Maersk said on Wednesday it now targets net zero greenhouse gas emissions in 2040, a decade earlier than a 2050 target it announced in 2018....
Jan 12, 2022
BMW brand delivers record 2.21 million vehicles in 2021
(Reuters) - The BMW brand delivered an all-time high of 2.21 million vehicles in 2021, up 9.1% from the previous year, the company said on Wednesday, and more than doubled its sales of fully-electric ...
Jan 12, 2022
Saudi PIF chief says mining firm Ma’aden aiming for carbon neutrality by 2050
RIYADH (Reuters) - Saudi Arabian Mining Co (Ma'aden) is aiming for carbon neutrality by 2050, said Yasir al-Rumayyan, governor of Saudi Arabia's sovereign wealth fund, the Public Investment Fund. Ruma...
Jan 12, 2022
Dunelm sees profit ‘materially ahead’ after strong Christmas
LONDON (Reuters) -British homewares retailer Dunelm said on Wednesday its full-year profit was expected to be "materially ahead" of market expectations after a record performance in the 13 weeks to Ch...
Jan 12, 2022
Exclusive-Morgan Stanley to award bonus rises of over 20% on Thursday to top performers -sources
By Scott Murdoch, Kane Wu and Matt Scuffham SYDNEY/HONG KONG/NEW YORK (Reuters) -Morgan Stanley will raise its annual bonus for top-performing staff on Thursday by more than 20%, people with direct kn...
Jan 12, 2022
Recruiter PageGroup lifts annual profit forecast on hiring demand, staff crunch
(Reuters) - Global recruiter PageGroup Plc lifted its full-year profit forecast for the full-year for the third time in six months on Wednesday, buoyed by a surge in demand for long-term hiring and st...
Jan 12, 2022
Marketmind: Humble and nimble
A look at the day ahead from Julien Ponthus. "We are going to have to be humble but a bit nimble". Arguably not much of a hint on the timing of rate hike lift-off but investors seemed happy enough wit...
Jan 12, 2022
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