August 2, 2021 7:10 am
Food delivery firm Deliveroo said last week that it was mulling whether to discontinue services in Spain, because of high costs related to running operations in the South European country, to focus on other markets. “The company has determined that achieving and sustaining a top-tier market position in Spain would require a disproportionate level of […]
Read moreJuly 30, 2021 6:49 am
Royal Dutch Shell said on Thursday that it had raised its dividend and launched a $2 billion share buyback programme, as it reported the highest quarterly profit in over two years, supported by a sharp increase in oil and gas prices. Total earnings that exclude special items, increased to $5.53 billion during the second quarter, […]
Read moreJuly 29, 2021 6:43 am
Starbucks Corp (SBUX) has extended its partnership with Nestle to launch ready-to-drink coffee beverages such as Starbucks Frappuccino and Doubleshot in markets across Southeast Asia, Oceania and Latin America from next year. In 2018, the two companies signed a global licensing deal, under which Nestle was granted the perpetual rights to market Starbucks packaged coffee […]
Read moreJuly 28, 2021 10:02 am
Sweden’s Klarna said on Tuesday that it had bought influencer marketing software program agency APPRL. Based in Stockholm, APPRL has been the most recent addition to Klarna’s growing roster of retailer marketing companies. The financial details of the agreement, however, were not disclosed. The Swedish funds agency said that it expected around 28% of the […]
Read moreJuly 28, 2021 7:32 am
Raytheon Technologies Corp (RTX) on Tuesday revised up its full-year earnings forecast, while its second-quarter results outstripped analyst estimates, supported by stronger demand for its commercial engines, spare parts and aftermarket services. Net revenue went up 13% year-on-year to $15.88 billion during the second quarter, while exceeding market expectations. On an adjusted basis, revenue at […]
Read moreJuly 27, 2021 6:47 am
According to Ryanair’s CFO, the airline may place a significant order for Boeing Co’s MAX 10 aircraft in 2021, only in case it is offered the “right price” since the company is not under time pressure. Currently, Ryanair is the largest European client for Boeing’s MAX, as it has 210 firm orders of the 197-seat […]
Read moreJuly 26, 2021 6:43 am
BRP Group Inc (BRP) said last week that its indirect subsidiary Millennial Specialty Insurance LLC had entered into a definitive agreement to purchase all the assets of Founder Shield LLC, AlphaRoot LLC, ReShield LLC and Scale Underwriting Services LLC. The acquisition is expected to be finalized around August 1st, subject to particular closing conditions. “Founder […]
Read moreJuly 22, 2021 7:08 am
Airbus said earlier this week that it had delivered the first A350 widebody plane from its final assembly line in Tianjin to China Eastern Airlines. The Tianjin facility engages in cabin installation, painting, production flight test and aircraft delivery for the A350, the European plane maker said in a statement. A350 deliveries from that facility […]
Read moreJuly 21, 2021 9:07 am
AT&T Inc (T) has inked a 10-year deal with Dish Network valued at nearly $5 billion, under which AT&T will become Dish’s primary network services partner for wireless customers. Under the agreement, AT&T will provide voice, data and messaging services to clients of Dish-owned mobile virtual network operators Boost Mobile, Republic Wireless and Ting. Dish […]
Read moreJuly 21, 2021 7:09 am
Volkswagen AG (VOWG) said earlier this week that it would discontinue sales and production of the Passat sedan in the United States next year, as the auto maker moves away from passenger cars in favor of Sport-utility vehicles. The company pointed out it would discontinue assembly of the Passat sedan in Tennessee, US, with model […]
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