February 24, 2023 9:49 am
The Federal Aviation Administration (FAA) said on Thursday that Boeing Co’s deliveries of the 787 Dreamliner had been temporarily halted, as the US jet maker conducts additional analysis on a fuselage component. The US company said in reviewing certification records that it “discovered an analysis error by our supplier related to the 787 forward pressure […]
Read moreFebruary 23, 2023 12:07 pm
Starbucks announced the launch of a new drink, a mix between coffee and olive oil, which will initially be offered at its Italian stores. Named “Oleato”, the new beverage is made with arabica coffee “infused with a spoonful of Partanna cold pressed, extra virgin olive oil,” the coffee chain said in a statement. Depending on […]
Read moreFebruary 23, 2023 9:39 am
Italy’s Pirelli said this week it expected full-year 2023 revenue within the range of EUR 6.6 billion to EUR 6.8 billion, which would at least match the result from last year. The tire maker’s total revenue came in at EUR 6.62 billion in 2022, while exceeding an estimate of EUR 6.5 billion that was set […]
Read moreFebruary 22, 2023 12:43 pm
Meta Platforms Inc said earlier this week its Chief Operating Officer Javier Olivan had sold company shares in a total transaction size of $2.27 million. The tech company said in a regulatory filing that its COO had sold 13,341 shares of Meta’s Class A common stock in a transaction that occurred on February 17th. The […]
Read moreFebruary 22, 2023 9:27 am
Privately-owned investment group PPF said this week it had acquired a 9.1% stake in ProSiebensat.1, thus, becoming the second-largest investor in the German broadcaster after MFE-MediaforEurope. “PPF believes the digital transformation of ProSieben will create value for all shareholders,” the Czech investment group said in a statement. “PPF is looking forward to liaising with the […]
Read moreFebruary 20, 2023 12:18 pm
Tesco Plc, the largest retailer in the UK, intends to review its positions in the UK banking sector, which could lead to a sale of its banking unit, according to a Sky News report, citing sources. Yet, the review was at a very preliminary stage and could not result in a formal sale process, the […]
Read moreFebruary 20, 2023 9:38 am
Stellantis is optimistic about the future of its German subsidiary Opel, as it expects the latter will be able to continue operating as a separate brand, Opel CEO Uwe Hochgeschurtz told the Automobilwoche magazine. “I’m happy with the brand and with its array of products,” Hochgeschurtz said in an interview with Automobilwoche. “There is great […]
Read moreFebruary 16, 2023 11:13 am
Spanish oil major Repsol on Thursday reported an over twofold surge in its fourth-quarter adjusted earnings, driven by high oil and gas prices. However, the company announced a large increase in this year’s capital spending, which sent its shares down more than 3% during Thursday’s session. Repsol’s adjusted net income went up to EUR 2.01 […]
Read moreFebruary 16, 2023 10:07 am
Orange SA (ORAN) on Thursday reported fourth-quarter core operating earnings in line with market expectations, as business strength in Africa and the Middle East outweighed weakness in the company’s struggling enterprise division. Orange’s earnings before interest, tax, depreciation and amortization after leases (EBITDAaL) went up 8.5% year-on-year to EUR 3.45 billion in the quarter ended […]
Read moreFebruary 15, 2023 12:21 pm
Barrick Gold Corporation said on Wednesday that it would undertake a new share buyback program to repurchase additional common shares. Barrick’s board of directors has authorized a new program for the repurchase of up to $1.0 billion of the company’s outstanding common shares during the upcoming 12 months at prevailing market prices. In relation with […]
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