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...Their bullish outlook comes at a tough moment for the sector as carmakers report slimming profit margins and missed sales targets....
...Thanks for reading, Amanda Clouds are clearing for US offshore wind The skies are looking brighter for US offshore wind....
...Adyen: Shares jumped 17 per cent following the Dutch payments group’s better than expected results on Thursday, as growth in its online business helped to offset a slowdown in retail sales....
...L’Oréal: Shares dipped 5 per cent after the French cosmetics company reported €41.18bn in sales last year, up 7.6 per cent from the previous year but below consensus estimates and the double-digit growth...
...Within this, sales of Biscoff-flavoured products hit a €500mn milestone, having also risen a fifth....
...Novo Nordisk’s market value hit $500bn for the first time on surging sales and profits from its blockbuster weight loss drugs....
...Economic data: The EU will release eurozone retail sale figures for December, while Germany will publish data on factory orders for January....
...Lotus Bakeries: Shares jumped nearly 14 per cent after the Belgian snack company, best known for its Biscoff biscuits, reported it exceeded its €1bn revenue milestone last year, with sales up 21 per cent...
...Electrolux: Shares dropped more than 6 per cent after the world’s second-largest appliance maker warned that weak consumer demand would continue in 2024 after a “challenging” 2023 for sales due to high inflation...
...The world’s second-largest home appliances maker said operating income excluding non-recurring items more than halved last year to Skr414mn ($39.9mn), on flat sales of Sk134.5bn....
...Sales of Wegovy in the fourth quarter of 2023 were $1.4bn, 6 per cent below consensus estimates, due to supply bottlenecks....
...Shorn of its fastest-growing business, which contributed $11bn in net sales, about 40 per cent of the group, the fortunes of Holcim and of Gutovic will be made or broken by its slower growth but higher-margin...
...He expects tax credit sales to become a “staple financing tool”....
...As the growth of EV sales slow, and carmakers pull back on some spending plans, industry executives now fear that without the incentives EV sales will stumble....
...Aviva’s chief executive Amanda Blanc said the group had acted early to adjust for claims inflation in its pricing when conditions began to deteriorate at the beginning of 2022....
...Beijing has repeatedly taken advantage of its dominance in graphite production, recently tightening exports in retaliation to US-led restrictions on technology sales to Chinese companies....
...Plug Power said in a Thursday filing it “is projecting that its existing cash and available for sale and equity securities will not be sufficient to fund its operations through the next 12 months”....
...Reducing venting and flaring is a pressing task that does not require technological improvements, and capturing this methane and channelling it into sales can generate revenue and offset abatement costs....
...Sources: Commercial Edge, fDi Markets, FEMA, FT-Nikkei and Sido Survey, GIS Planning, Sales Tax Clearinghouse, Tax Foundation, US Census Foreign business needs Here we consider how much a city’s infrastructure...
...The president’s signature climate law, the Inflation Reduction Act, extended a lucrative tax credit for EVs to propel the country closer to its target of making 50 per cent of all new vehicle sales electric...
...The administration has set a 2030 target for EVs to represent 50 per cent of all new vehicle sales....
...Chinese carmakers have experienced astronomical growth in Mexico in recent years, accounting for nearly a fifth of sales, up from virtually zero six years ago....
...The lease sales are significantly lower than the Donald Trump administration’s original proposal that planned up to 47 lease sales, which would have opened up nearly all of the US coast for drilling....
...The Biden administration wants 50 per cent of all new vehicle sales to be electric by 2030, up from less than 8 per cent of cars sold in the third quarter, according to data from Cox Automotive....
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