July 31, 2023 8:04 am
Britain’s Senior on Monday reported a surge in its profit for the first half of the year, as plane makers increased production to satisfy air travel demand boom. Strong demand in the company’s flexonics business has offset weaker performance in aerospace due to supply chain issues. The auto and aircraft parts supplier reported profit before […]
Read moreJuly 27, 2023 12:34 pm
Spain’s Repsol on Thursday reported a sharp decline in its second-quarter adjusted earnings mostly due to lower energy prices. The result, however, outstripped market expectations. The company’s adjusted profit came in at EUR 827 million in the latest quarter, down from EUR 2.16 billion in the year-ago period, when oil and gas prices along with […]
Read moreJuly 25, 2023 12:41 pm
TotalEnergies announced on Tuesday that it would increase its stake in renewable energy company Total Eren from 30% to full ownership. As part of the transaction, Total Eren will be valued on an enterprise value basis at EUR 3.8 billion, the energy giant said. “With the acquisition and integration of Total Eren, we are now […]
Read moreJuly 23, 2023 7:45 am
SLB’s quarterly earnings, reported on Friday, outstripped market expectations, as a rebound in offshore and international drilling activity heightened demand for its oilfield services and equipment. However, the company joined its competitors Halliburton and Baker Hughes in projecting lukewarm North American activity. Total revenue was reported at $8.1 billion in the three months to June […]
Read moreJuly 20, 2023 2:24 pm
GXO Logistics Inc (GXO), a leading pure-play contract logistics provider, said on Thursday that it had inked a multi-year agreement with HEINEKEN to continue operating its warehouse, distribution and secondary transport network to retail and wholesale outlets across the United Kingdom. The network manages over 500,000 deliveries annually to more than 8,000 customers from point […]
Read moreJuly 20, 2023 11:38 am
Lockheed Martin has secured an Other Transaction Authority agreement with a ceiling of $220.842 million to develop, integrate, manufacture, test and deliver Indirect Fire Protection Capability-High Energy Laser prototype weapon systems. Work, which is expected to be completed until October 18th 2025, will be performed in Bothell, Washington; Moorestown, New Jersey; Owego, New York; Oldsmar, […]
Read moreJuly 18, 2023 12:42 pm
ProSiebenSat.1 announced on Tuesday that it would eliminate 400 full-time positions as part of a restructuring initiative focused on the company’s entertainment activities. “The aim is to achieve a more efficient structure, a competitive cost base, and processes clearly geared to digital transformation,” the German broadcaster said in a statement. The cost effects of the […]
Read moreJuly 17, 2023 2:07 pm
Key points Retailer H&M to expand to Brazil in partnership with Dorben Group Shares up 59% year-to-date after 2022 slump Sweden’s H&M said on Monday that it intended to launch stores and online trade in Brazil in 2025. To support the expansion there, H&M is teaming up with Dorben Group, which has retail operations in […]
Read moreJuly 14, 2023 12:43 pm
Key points Tesla begins selling Model Y in South Korea at 56.99 million Won Shares up 125.6% year-to-date after 2022 drop According to Tesla Inc’s website, the US company started to sell its Model Y rear-wheel drive car on Friday in South Korea at a lower price of 56.99 million Won (~$45,140). This way the […]
Read moreJuly 12, 2023 12:39 pm
Key points JPMorgan to lay off 63 employees in Jersey City, works to redeploy them Shares up 9.9% year-to-date after 2022 drop According to a Worker Adjustment and Retraining Notification issued Tuesday, JPMorgan Chase, the largest US lender, intends to lay off 63 employees in Jersey City, New Jersey. The reductions are expected to be […]
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