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This collection of articles explores the fallout of the war in Ukraine on Western companies operating in Russia
...corporate climate change plans, the SBTi began as a collaboration between non-profit groups including the Carbon Disclosure Project (CDP), the We Mean Business Coalition, the World Wide Fund for Nature (WWF...
...The company is now bracing for an operating loss of €450mn, from a previous expectation of a €700mn loss....
...Gilbert, who joined the board in 2021, also assumed a part of AssetCo’s chief executive responsibilities last year along with the chief financial and operating officer Gary Marshall, in the wake of the previous...
...But the plans are deeply controversial, with companies such as Google, BMW, Samsung and Volvo Group signing a WWF call for a stop to deep-sea mining....
...Breitling was given an “upper midfield” rating by the WWF, indicating the company had identified sustainability issues and was working towards resolving them....
...Ford lost $1.3bn in operating earnings due to the United Auto Workers’ strike of nearly six weeks, the company said on Thursday, a day after striking a deal with the union....
...The WWF, which rated a sample of 21 watch and jewellery brands, labelled Patek Philippe as “non-transparent”....
...Shares of online used auto retailer Carvana rallied more than 40 per cent on Friday after the company announced record operating profits in 2023....
...WWF Switzerland, a non-government organisation, said the judgment would set “a far-reaching precedent”. “It couldn’t be more official: Switzerland must finally act,” it said on X....
...Indian infrastructure tycoon Gautam Adani’s flagship company withstood a collapse in coal trading revenues to post a rise in quarterly operating profits, in results published Thursday....
...Meanwhile, international delivery division GLS is expected to make £350mn in operating profits next fiscal year. That unit makes similar operating margins to Deutsche Post DHL....
...The Korean company, which supplies the “high bandwidth memory” chips used in Nvidia’s H100 GPUs, posted an operating profit of Won346bn ($260mn), outstripping analysts’ expectations compiled by LSEG SmartEstimate...
...The Danish group, the world’s second-largest container company, said underlying operating profit in 2024 would range from a loss of $5bn to zero and would be “front-loaded” to the start of the year....
...However, the company blames the macroeconomic situation for its recent slowdown. In the 12 months to December, revenue fell 4 per cent while its adjusted operating profit fell 1 per cent....
...Chief executive George Weston said the performance was driven by investments in the company over the past few years such as opening new stores or automating some warehouses, and profit margins “recovering...
...The company reported revenue increased 7.6 per cent to $43bn in the first quarter, beating analyst expectations for $42bn. Adjusted operating earnings rose 2 per cent to $3.9bn....
...The company said it generated strong engagement in the first quarter from subscribers in the UK with Fool Me Once, which had 98mn views....
...The filing requires developers to set up a local company or use a local publisher and host the back end of the app in China, said Bishop, who predicted that most companies would end up operating a second...
...A manageable debt position supports the company’s hopes for a share buyback programme....
...Operating profit was up by nearly a fifth to £146mn, but the firm said this was driven by “one-off property related income”....
...Analysts had expected first-half operating profit to shrink by 24-30 per cent, according to estimates compiled by Bloomberg....
...Daniel Richards, a director at London-based maritime consultancy MSI, said delays at the ports could force some companies to hold extra stock....
...At Kohl’s, they generated 381 per cent of total operating income, meaning without credit cards, the company would have made an operating loss. Late fees are a big money spinner....
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