By Victoria Waldersee BERLIN (Reuters) -Mercedes-Benz raised its full-year profit forecast on Wednesday as strong demand for luxury cars and…
Caterer Sodexo sees rebound in 2023 to pre-pandemic levels
By Federica Mileo (Reuters) -Sodexo on Wednesday said it expected 2023 revenue and profit margins to hit 2019 levels, as…
Reckitt flags pressure on consumers as volumes decline
By Richa Naidu LONDON (Reuters) -Reckitt Benckiser, maker of Dettol cleaning products and Durex condoms, on Wednesday reported a decline…
Santander’s higher provisions and costs overshadow Q3 beat
By Jesús Aguado MADRID (Reuters) – Higher loan loss provisions in some of Santander’s key markets, such as Brazil and…
Puma lagging behind inflation with its price increases – CEO
BERLIN (Reuters) – Puma is lagging somewhat behind inflation with its price increases, said the German sportswear maker’s chief executive,…
Mercedes-Benz to quit Russian market, sell shares to local investor
BERLIN/MOSCOW (Reuters) – Mercedes-Benz said on Wednesday it would withdraw from the Russian market and sell shares in its industrial…
Audi partners with Swiss Sauber for Formula One
FRANKFURT/LONDON (Reuters) – Audi said on Wednesday it has agreed to take a stake in Swiss-based Sauber Group, whose team…
Mercedes-Benz: top-end, battery-electric sales hampered by supply bottlenecks – CFO
BERLIN (Reuters) – Mercedes-Benz expects top end vehicle sales to rise in the single digits and said battery-electric vehicle production…
UK finance minister Hunt tells Bailey he reaffirms BoE independence
LONDON (Reuters) – British finance minister Jeremy Hunt met Bank of England Governor Andrew Bailey on Tuesday and reaffirmed his…
UniCredit ups 2022 profit goal after Q3 earnings beat
By Valentina Za MILAN (Reuters) -Italy’s No.2 bank UniCredit on Wednesday raised its 2022 profit goal above 4.8 billion euros…