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Zara Owner Inditex reported a narrow sales miss in a trading update that left markets cautious, even as the group flagged a better start to autumn trading. The Spanish retailer said currency effects, notably a weaker US dollar, trimmed reported euro sales, and consumer spending remained uneven across regions. Why did Inditex fall short, and…
Wickes posted a stronger than expected half year performance, as DIY demand and trade sales lifted revenue and profit. The home improvement retailer reported an adjusted pre-tax profit of £27.3 million for the 26 weeks ended June 28, with revenue of £847.9 million, up 5.6 percent year on year, the company said. Management held its…
Vodafone has launched a fourth inquiry into its franchising division while defending a £120m high court claim brought by current and former franchisees. The claim, and recent reports that Vodafone has approached some former franchisees with settlement offers, sharpen focus on how the company managed commissions, fines, and franchise relationships over the past few years. …
Novo Nordisk, the global leader in diabetes and obesity treatments, has announced a sweeping restructuring plan that will result in the elimination of 9,000 jobs worldwide. This move is seen as one of the company’s most significant transformations in recent years as it navigates the growing demands of its core business while preparing for the…
Novo Nordisk has announced a large global restructuring that will cut 9,000 jobs, a move the company says is necessary to streamline operations as the market for weight loss and diabetes drugs evolves. The decision, set out in an official company release and reported widely by Reuters, Investing.com, Barron’s and others, follows a period of…
The European energy market is undergoing a historic transformation. As the European Union continues to cut its dependence on Russian gas, Exxon is seeing a surge of opportunities to establish long-term liquefied natural gas (LNG) agreements with Europe. The shift has not only reshaped the continent’s energy security strategy but also positioned the United States…
In a major decision, the EU’s top court has upheld the Nuclear Green Label, ruling that nuclear energy can remain part of the European Union’s sustainable finance taxonomy under strict conditions. The judgment settles a high profile legal challenge and signals that regulators and investors will have clearer legal footing when classifying nuclear projects as…
The Urban Company IPO has captured strong investor attention as it moves closer to its much-awaited listing. With a 35% grey market premium (GMP) ahead of its debut, the company is being viewed as one of the most promising new-age firms to hit the Indian stock market in 2025. Urban Company IPO Overview Founded in…
Lufthansa is reporting tangible progress in its multi year turnaround plan, CEO Carsten Spohr told reporters, calling 2025 a decisive year of transformation for the group. After profit warnings, operational setbacks and rising costs, Spohr said flight operations have stabilized, customer satisfaction is improving, and the company is relying on faster growth from its lower…
The Indian seafood market has seen a fresh wave of investor enthusiasm as Avanti Feeds and other shrimp-related stocks rallied strongly. Optimism around export opportunities in the European Union has lifted the sector, with Avanti Feeds leading the surge. This development marks a turning point for an industry that has faced global headwinds in recent…