T.J. Maxx Parent Raises Annual Profit Forecast On Easing Costs, Steady Demand
(Reuters) – TJX Cos Inc raised its annual profit forecast on Wednesday, banking on lower costs and resilient demand from…
May 2023
Vivendi indicates ex-Leonardo chairman for Telecom Italia board-sources
MILAN (Reuters) – Telecom Italia’s top shareholder Vivendi has proposed Luciano Carta, a former chairman at Italian defence group Leonardo…
Volkswagen aims for ‘margin parity’ on some EVs by 2025
By Victoria Waldersee and Joseph White MUNICH (Reuters) -Volkswagen Chief Financial Officer Arno Antlitz said on Wednesday rising battery material…
Mike Ashley’s Frasers raises stake in online retailer ASOS
(Reuters) – Britain’s Frasers Group raised its stake in online fashion retailer ASOS, a filing showed on Wednesday, as the…
Deutsche Bank investors ask if profits sustainable, question strategy
By Tom Sims FRANKFURT (Reuters) -Deutsche Bank investors on Wednesday questioned the sustainability of the lender’s growth plans and called…
First nuclear fusion plants to need $7 billion supply chain -survey
By Timothy Gardner WASHINGTON (Reuters) – Companies looking to harness the process that powers the sun and stars to generate…
France’s Sarkozy loses corruption appeal, to challenge at highest court
By Tassilo Hummel PARIS (Reuters) -Former president Nicolas Sarkozy lost his appeal against a 2021 conviction for corruption and influence…
Argentine shoemakers and tailors buckle under 109% inflation
By Horacio Soria BUENOS AIRES (Reuters) – In Juan Capano’s shoemakers’ workshop on the outskirts of Buenos Aires, 109% inflation…
Bank of England’s Bailey sees some cooling in job market
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Wednesday there were some signs of a cooling of inflation…
ECB zeroes in on struggling borrowers and forex as times get tougher
FRANKFURT (Reuters) – The European Central Bank on Wednesday told banks to step up how they manage struggling borrowers and…