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December 14, 2019
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Reuters - Business

Deutsche paints gloomy picture at investor gathering

Reuters
FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) pared back its revenue growth target on Tuesday, highlighting the tough task facing Germany’s biggest lender to revive its fortunes against a gloomy economic backdrop. Deutsche’s management gave a presentation to investors on its restructuring which aims to shift the bank away from Wall...
Reuters - Business

Modest Orange dividend overshadows European mobile mast plans

Reuters
PARIS (Reuters) – Orange (ORAN.PA) said it planned to carve out its mobile towers in most European countries to shore up the group’s value, but the move was overshadowed by the French telecom firm’s modest dividend outlook, sending its shares lower. FILE PHOTO: Orange logo is seen during the Mobile...
Reuters - Business

France’s Orange plans to set up European mobile mast company

Reuters
PARIS (Reuters) – Orange (ORAN.PA) said it planned to carve out its mobile towers in most European countries where it is present, in a move aimed at shoring up the telecom group’s value as tough competition in the region has hampered its growth and margins. FILE PHOTO: Orange logo is...
Reuters - Business

Renault-Nissan to reboot alliance with new overseer

Reuters
PARIS (Reuters) – Renault, Nissan and Mitsubishi plan to appoint a general secretary at the helm of their partnership to boost cooperation and reboot joint operations after the departure of former alliance supremo Carlos Ghosn. FILE PHOTO: The logo of the Renault-Nissan-Mitsubishi alliance is seen ahead of a Renault, Nissan...
Reuters - Business

Renault-Nissan-Mitsubishi to appoint General Secretary for alliance

Reuters
FILE PHOTO: The logo of the Renault-Nissan-Mitsubishi alliance is seen ahead of a Renault, Nissan and Mitsubishi chiefs’ joint news conference in Yokohama, Japan, March 12, 2019. REUTERS/Kim Kyung-Hoon PARIS (Reuters) – Renault-Nissan-Mitsubishi said on Friday that in coming days it planned to appoint a General Secretary for the alliance...
Reuters - Business

Car parts maker Faurecia sees record profits in 2022, shares rise

Reuters
FILE PHOTO: Patrick Koller, Chief Executive Officer of French car parts supplier Faurecia, poses before the company’s 2016 annual results presentation in Paris, France, February 9, 2017. REUTERS/Philippe Wojazer PARIS (Reuters) – French car parts maker Faurecia (EPED.PA) said it was targeting record sales, profits and cash generation in 2022...
Reuters - Business

Car parts maker Faurecia sees record sales and profits in 2022

Reuters
FILE PHOTO: Patrick Koller, Chief Executive Officer of French car parts supplier Faurecia, poses before the company’s 2016 annual results presentation in Paris, France, February 9, 2017. REUTERS/Philippe Wojazer PARIS (Reuters) – French car parts maker Faurecia (EPED.PA) said it was targeting record sales, profits and cash generation in 2022...
Reuters - Business

Exclusive: Sanofi’s strategy boss to leave as CEO readies revamp

Reuters
FILE PHOTO: The logo of Sanofi is seen at the company’s research and production centre in Vitry-sur-Seine, France, August 6, 2019. REUTERS/Charles Platiau PARIS (Reuters) – Sanofi’s (SASY.PA) executive vice president in charge of strategy and business development, Muzammil Mansuri, a member of the French drugmaker’s executive committee, will leave...
Reuters - Business

Sanofi weighing options for consumer healthcare unit: sources

Reuters
FRANKFURT/PARIS (Reuters) – Sanofi (SASY.PA) is considering a joint venture or outright sale among options for its consumer healthcare unit, sources told Reuters, as the French drugmaker prepares to present a new strategic plan next month. FILE PHOTO: The logo of Sanofi is seen at the company’s research and production...
Reuters - Business

Qantas challenges Airbus, Boeing to offer better deal on ultra-long haul jets

Reuters
SYDNEY (Reuters) – Qantas (QAN.AX) has asked Airbus (AIR.PA) and Boeing (BA.N) for a better deal on planes capable of non-stop Sydney-London flights before deciding whether to place an order. FILE PHOTO: Workers are seen near Qantas Airways, Australia’s national carrier, Boeing 737-800 aircraft on the tarmac at Adelaide Airport,...
Environment

As Climate Risk Grows, Cities Test a Tough Strategy: Saying ‘No’ to Developers

@BreaknNews
VIRGINIA BEACH. — Glimpsed from a kayak on West Neck Creek, this swampy piece of land, a pocket of red maple and loblolly pine tucked behind growing subdivisions, doesn’t look like the stuff of existential debate. But this is where Virginia Beach, squeezed between the clamor for new housing and...
Reuters - Business

German automation talent powers Musk’s battery move to Europe

Reuters
FRANKFURT (Reuters) – To unclog bottlenecks last year at his Tesla Inc (TSLA.O) plant in California, Elon Musk flew in six planeloads of new robots and equipment from Germany to speed up battery production for its Model 3. FILE PHOTO: A Volkswagen oldtimer car drives past a Tesla Model X...
Reuters - Business

Air France-KLM plans sales and efficiency drive to lift profit

Reuters
PARIS/HELSINKI (Reuters) – Air France-KLM (AIRF.PA) will combine a sales drive with efficiencies including better fleet management to lift profit margins to 7-8% over the medium term, the airline group’s Chief Executive Ben Smith told investors on Tuesday. FILE PHOTO: An Air France Airbus A330-200 airplane lands at the Charles-de-Gaulle...
Reuters - Business

South Africa’s Taste Holdings to exit food business, sells Starbucks stores

Reuters
FILE PHOTO: A Starbucks logo is reflected on a window at the shop in Rosebank, South Africa, November 27, 2018. REUTERS/Siphiwe Sibeko JOHANNESBURG (Reuters) – Taste Holdings (TASJ.J), owner of Starbucks and Domino’s Pizza franchises in South Africa, said on Friday it was abandoning the food business, and had already...
Reuters - Business

Howard Hughes announces management reshuffle, to sell assets worth $2 billion

Reuters
(Reuters) – Howard Hughes Corp (HHC.N), which counts activist investor William Ackman as chairman, said on Monday it would sell about $2 billion of non-core assets following a strategic review and announced a management reshuffle. FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks...
Reuters - Business

Banks facing ‘enormous’ challenges, says Commerzbank boss

Reuters
FRANKFURT(Reuters) – The challenges facing banks are “enormous”, Commerzbank (CBKG.DE) Chief Executive Martin Zielke said on Friday, after the German lender said it no longer expected a rise in underlying revenues this year. FILE PHOTO: The headquarters of the Commerzbank are pictured before the bank’s annual news conference in Frankfurt,...

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