The Royal Mail is one of the most recognisable corporations in Britain. When acquisitive Czech billionaire Daniel Kretinsky set his sights on it earlier this year, he selected BNP Paribas to advise him. Although clearance from the UK government is still required for the 3.57 billion pound ($4.63 billion) buyout of Royal Mail’s owner the…
How much would it cost to have food delivered to your home from the restaurant of your choice? Due to the increasing popularity of delivery apps such as Grubhub, DoorDash, and Uber Eats in daily eating, third-party meal delivery is becoming the standard for American customers. Additionally, it presents a growingly complex equation including service…
A licence for an Alzheimer’s medication that reduces cognitive decline has been denied by the European Medicines Agency (EMA). According to the EMA, lecanemab’s advantages did not outweigh the possibility of major adverse effects, such as brain swelling and haemorrhage. A decision about the granting of a licence is still pending from the UK’s pharmaceuticals…
As it battles with sluggish U.S. demand for its ageing line-up, Nissan lowered scheduled production by a third at its top Japanese factory this month. According to two individuals, this move will also see Nissan reduce output of a premium crossover model. The Japanese carmaker highlighted the growing danger it confronts in its biggest market…
Mercedes-Benz reduced its projection for yearly profit margin on Friday due to poor sales and profitability for the second quarter, but it still believes that new models will help it fight tough competition in China in the second half of the year. Lacklustre demand for electric vehicles (EVs), severe domestic rivalry in China, supply constraints,…
According to a report published on Friday in the Nikkei business daily, Toyota Motor of Japan intends to construct an electric vehicle battery facility in the southern prefecture of Fukuoka. The project will sell its batteries to a factory that produces premium Lexus brand automobiles. According to the publication, the top-selling carmaker in the world…
Due to weak demand and increased costs, Westlife Foodworld, the company that runs McDonald’s restaurants in west and south India, announced a sharp decline in first-quarter earnings on Thursday. This news caused a 4% decline in the company’s shares. For the three months ending June 30, the combined profit after taxes decreased by 89% to…
Kering, the company that owns Gucci, saw a steep loss in sales in the first half of the year and a negative projection for the remaining six months of the year, which caused shares of the luxury brand to fall on Thursday. As markets opened, Kering shares fell as much as 9%, trading at levels…
Over the coming weeks, as U.S. restaurants announce their quarterly results, a lot of attention will be paid to how well McDonald’s and other fast food companies do with their value meal launches. Rising menu costs have turned away diners, particularly those from lower-class backgrounds, and McDonald’s, Burger King, and other franchises have been fighting…
In the second quarter, Tesla missed Wall Street earnings estimates and recorded its lowest profit margin in over five years. The electric car manufacturer boosted its investment on artificial intelligence (AI) initiatives while lowering prices to boost demand. The business stated that it is on schedule to begin producing new cars in the first half…
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