British retailer Tesco has asked bidders to submit binding offers for its Asian business by Friday, in a deal that will see Thai billionaires fight for an asset valued at up to $9 billion, sources with direct knowledge of the matter said.
Carbon emissions throughout the full value chain of IKEA furniture fell for the first time last year, brand owner Inter IKEA said on Thursday citing increased use of renewable energy.
(Bloomberg) — Anheuser-Busch InBev NV, the world’s largest brewer, forecast the steepest decline in quarterly profit in at least a decade due to the coronavirus.First-quarter earnings will drop about 10% after profit growth in 2019 that AB InBev called disappointing. The brewer blamed the biggest jump in raw material costs in a decade for last year’s performance. The stock fell as much as 6.1%.For a company that says its main product brings people together, the coronavirus presents a particular problem as consumers in China avoid going out in public. Shipments had already started to slow in that market at the …read more […]
Aston Martin’s chief finance officer will leave the company following a tumultuous 2019 in which the luxury carmaker’s losses ballooned after sales dropped and it drafted in a new investor to help turn around the firm.
China’s top container ports are loosening the backlog of cargoes on their docks as workers return to their posts after coronavirus travel curbs that kept them away and jammed up global supply chains have been eased.
ABB’s robotics division is “well placed” to increase sales by broadening its business beyond the struggling automotive sector, the Swiss engineering company said on Thursday, confirming its profitability goal.
Anheuser-Busch InBev on Thursday forecast a 10% decline in its first-quarter profit after a weaker-than-expected finish to 2019, as the world’s largest beer maker expects the coronavirus outbreak to dent its earnings.
(Bloomberg) — The worldwide stock sell-off extended on Thursday, sending a global benchmark heading for its lowest close since October, while government bond yields sank to record levels.The MSCI All-Country World Index fell for a sixth straight day, with Japan leading losses at over 2% down. Futures on the S&P 500 tumbled as much as 1.6%, after declines in the index had eased some on Wednesday, and European contracts slumped. The yen rose, and 10-year U.S. and Australian yields hit fresh record lows. With the number of coronavirus cases mounting outside China, investors have yet to see the signs of …read more […]
Microsoft Corp is keen to invest in data centers in Indonesia which will soon make regulatory changes to facilitate the move, the country’s president said after meeting with the software giant’s CEO on Thursday.
Germany’s Bayer said on Thursday it was targeting growth in adjusted core profit of up to 9.6% this year, driven by sales of agriculture products and pharmaceuticals.
Stocks sunk deeper into the red on Thursday, oil prices fell and U.S. Treasuries rallied into record territory as more signs of the global spread of the coronavirus heightened fears of a pandemic.
U.S. stock index futures tumbled on Thursday as the rapid spread of the coronavirus outside China raised fears of a pandemic and sent investors scurrying to the perceived safety of gold and bonds.
Anheuser-Busch InBev ABI.BR, the world’s largest beer maker, suffered a greater than expected fall in core profit in the fourth quarter last year and forecast muted growth in 2020 due in part to the coronavirus outbreak in China.
Standard Chartered booked a robust 46% jump in annual profit but warned a key earnings target would take longer to meet as the coronavirus epidemic adds to headwinds in its main markets of China and Hong Kong.
Panera Bread Co on Thursday is launching an $8.99 per month unlimited coffee subscription as it aims to grow its breakfast traffic and loyalty program membership.
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