Category: Business
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Mulberry Posts Wider Pretax Loss as Group Prepares Turnaround
The group’s pretax loss widened on lower revenues as the fashion brand undertakes a strategy review under its new CEO.
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Australia’s Sayona Mining to Buy America’s Piedmont Lithium
Sayona Mining agreed to buy North Carolina-based Piedmont Lithium to create a top North American lithium producer that can better withstand swings in the fast-growing lithium market.
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Amcor to Buy Berry Global in $8.4 Billion Stock Deal
Amcor has agreed to buy Berry Global Group in a roughly $8.4 billion stock swap that will create a consumer and healthcare packaging company with annual revenue of about $24 billion.
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XPeng Halves Loss on Strong EV Sales, Record Margin
Known for its high-end software-driven smart EVs, XPeng has targeted the mid- to low-price segments lately, hoping to woo price-sensitive customers.
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Makers of Weight-Loss Drugs Want Your Employer to Pay for Them
Eli Lilly, Novo Nordisk representatives get facetime with employers in hopes they’ll cover their drugs
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CaixaBank Guides for Weaker Profitability, Resilient Income as Rates Boost Fades
The lender expects a lower return on tangible equity over the next three years as falling interest rates and heavier costs eat into its margins.
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Thyssenkrupp Targets Profit Return After Posting Narrowed Net Loss
The industrial group forecasts net profit of between €100 million and €500 million for fiscal 2025 on sales growth of 3% at best.
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Nestle to Step Up Spending in Push to Boost Sales Growth
The food giant tempered its profit expectations for next year and for sales growth over the medium term, as it steps up spending to boost its top line and win market share in the face of a tough consumer environment.
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Financial Services Roundup: Market Talk
Read about CaixaBank, Computershare and more in the latest Market Talks covering Financial Services.
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Rheinmetall Targets $21.2 Billion in Sales by 2027 as Western Defense Budgets Rise
The arms maker forecasts $21.2 billion in sales over the next three years amid higher defense spending in western markets.