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...The company was formed in early 2021 through the merger of France’s PSA, the maker of Peugeot, and Italian-US peer Fiat Chrysler....
...The athletic apparel group said it expects operating profit of €700mn for 2024, up from previous estimates of €500mn....
...The French group has grown through acquisitions over the years, including the two-stage acquisition of British technology company Aveva, sealed in 2022 and which valued the UK company at £10.6bn....
...Operating income rose 5.7 per cent to $2.05bn in the quarter....
...note on major US stock indices include Intel, Signet Jewelers and Dave & Buster’s: Intel shares fell 7.6 per cent after reporting on Tuesday afternoon that its chip manufacturing business posted a $7bn operating...
...Companies including BYD are planning European factories which, in turn, could offer Chinese suppliers an entry into the market....
...Pereira was less well-known outside the company but described by co-workers as omnipresent internally, where he had several important roles, including as chief operating officer....
...edward.white@ft.com...
...Many retailers had raised prices to pass on higher commodity and operating expenses, causing some companies to report bumper sales growth, but as inflation decelerates and consumers reject higher prices,...
...It pulled out of that set-up, selling its 33 per cent stake to Changjiang, over what people close to the company said at the time were disagreements over strategy and appointments....
...Thursday after the chief executive of the DNA testing company publicly announced on Wednesday evening that she was considering taking the company private. 23andMe has lost more than 90 per cent of its initial...
...The immediate reference, after Joanna Scotcher’s astounding set has morphed from presidential address to arcaded and grass-hemmed retreat, is TV’s satire of the super-rich, White Lotus....
...Other consumer goods companies have raised prices to pass on higher commodity and operating expenses to consumers but have struggled to maintain volume growth....
...Rising commercial insurance prices also lifted rival insurance group Zurich, which reported on Thursday a record adjusted operating profit of $7.4bn, topping analysts’ expectations....
...Other companies: Blackstone, DR Horton and Alaska Air Group will report earnings before the bell....
...Renault shares rose by more than 6 per cent after it reported record operating margins of 7.9 per cent in 2023, and said it would boost its dividend to €1.85 per share, up from €0.25 the previous year....
...Ed White So as far as we can tell, these are a group of people basically working inside a company, and they have a responsibility mostly for civil defence activities....
...VW, the largest foreign carmaker by sales operating in China, declined to provide excess capacity figures in the country but said the market for petrol-powered cars was still lucrative....
...Earlier this month, China’s commerce ministry and eight other agencies announced plans to support the “healthy development” of the country’s overseas EV expansion, including co-operating more with foreign...
...White, who said last year she would leave John Lewis, will “support the transition as required”, the group said on Monday....
...Glencore, which owns 49 per cent of Koniambo Nickel SAS (KNS), said high operating costs and weak market conditions made operations unprofitable, even factoring in the French government’s proposed assistance...
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