Aston Martin's finance boss to leave as losses deepen
Aston Martin's chief finance officer will leave the company after its losses almost doubled last year following a sales drop as the luxury carmaker pursues a turnaround with a new investor.
Aston Martin's chief finance officer will leave the company after its losses almost doubled last year following a sales drop as the luxury carmaker pursues a turnaround with a new investor.
Anheuser-Busch InBev on Thursday forecast a 10% decline in its first-quarter profit after a weaker-than-expected finish to 2019, as the world's largest beer maker expects the coronavirus outbreak to dent its earnings.
WPP , the world's biggest advertising company, said it would target flat organic growth and profit margin in 2020 as part of its recovery after weakness in major markets dragged its fourth quarter down.
Microsoft Corp is keen to invest in data centers in Indonesia which will soon make regulatory changes to facilitate the move, the country's president said after meeting with the software giant's CEO on Thursday.
Germany's Bayer said on Thursday it was targeting growth in adjusted core profit of up to 9.6% this year, driven by sales of agriculture products and pharmaceuticals.
Stocks sunk deeper into the red on Thursday, oil prices fell and U.S. Treasuries rallied into record territory as more signs of the global spread of the coronavirus heightened fears of a pandemic.
China's top container ports are loosening the backlog of cargoes on their docks as workers return to their posts after coronavirus travel curbs that kept them away and jammed up global supply chains have been eased.
WPP , the world's biggest advertising company, reported a sharp slowdown in its final quarter of the year on Thursday and said it did not expect any improvement in 2020, hammering its shares once again.
British retailer Tesco has asked bidders to submit binding offers for its Asian business by Friday, in a deal that will see Thai billionaires fight for an asset valued at up to $9 billion, sources with direct knowledge of the matter said.
Carbon emissions throughout the full value chain of IKEA furniture fell for the first time last year, brand owner Inter IKEA said on Thursday citing increased use of renewable energy.
ABB's robotics division is "well placed" to increase sales by broadening its business beyond the struggling automotive sector, the Swiss engineering company said on Thursday, confirming its profitability goal.
Aston Martin shares slumped to a record low on Thursday after the British luxury carmaker said its losses ballooned last year and its chief financial officer would leave by the end of April.
Online fashion retailer Zalando plans to offer more premium and luxury ranges and move into the vintage clothing market as it predicted slower sales growth in 2020 after a strong final quarter to 2019.
Bayer said on Thursday it was targeting growth in adjusted core profit of 7% to 9.6% this year, driven by sales of agriculture products and pharmaceuticals, with only the upper end of that range meeting market projections.
Shares in Finnish telecom network equipment maker Nokia Oyj outperformed a falling market on Thursday, following a Bloomberg report it was weighing options for potential asset sales and mergers.