Search Results for: Retail

MOL Group Demonstrates Resilience with Strong Financial Performance in H1 2024 Amid Industry Challenges

Posted on 10, August 2024 by

(IN BRIEF) MOL Group reported strong financial results for the first half of 2024, with a 19% year-on-year increase in profit before tax, driven by robust demand in Downstream, strong Upstream production, and retail expansion. Despite industry challenges, the company … Read the full press release →

Posted in Business, Economy, Energy, Gas & Oil, Financial, Hungary, Industrial, Investment, Management, News

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Plenitude to Power Electric Vehicles and Celebrate Youth at La Vuelta 24

Posted on 9, August 2024 by

(IN BRIEF) Plenitude, a subsidiary of Eni, will sponsor La Vuelta 24 for the third year, providing energy for the race’s electric vehicles and sponsoring the “Maillot Blanco” for the best young cyclist. They will also launch a community-focused initiative, … Read the full press release →

Posted in Business, Energy, Gas & Oil, Entertainment, Environment, Financial, Government, Industrial, Investment, Italy, Management, Media, News, Spain

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Sainsbury’s Enhances Shopping Experience with NCR Voyix Technology Partnership

Posted on 6, August 2024 by

(IN BRIEF) Sainsbury’s has partnered with NCR Voyix in a seven-year agreement to enhance its shopping experience and support its business strategy. The partnership involves upgrading 22,500 checkouts with advanced NCR Voyix technology, including AI-powered self-checkout systems and real-time analytics. … Read the full press release →

Posted in Artificial Intelligence (AI), Business, Environment, Financial, Government, Industrial, Investment, Management, Marketing, News, Retail, Technology, United Kingdom

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TotalEnergies to Sell 50% Stake in TPPL to Gunvor Group, Maintaining Brand Presence in Pakistan

Posted on 6, August 2024 by

(IN BRIEF) TotalEnergies is selling its 50% stake in Total PARCO Pakistan Limited (TPPL) to Gunvor Group. TPPL, a joint venture with Pak-Arab Refinery Limited (PARCO), operates over 800 service stations and has fuel logistics and lubricants activities in Pakistan. … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News

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ArcelorMittal Acquires 28.4% Stake in Vallourec for €955 Million, Strengthens Board Representation

Posted on 6, August 2024 by

(IN BRIEF) ArcelorMittal has completed the acquisition of a 28.4% equity interest in Vallourec from Apollo Global Management for approximately €955 million. Following the acquisition, ArcelorMittal executives will join Vallourec’s board. ArcelorMittal does not plan to launch a tender offer … Read the full press release →

Posted in Business, Financial, France, Government, Industrial, Investment, Luxembourg, Management, Metals and Minerals, News

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EBRD and GCF Partner with Crédit Agricole Egypt to Boost Small Businesses and Green Investments with $20 Million Loan

Posted on 5, August 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are providing a $20 million loan to Crédit Agricole Egypt to support small businesses and green investments. This loan includes $3 million of concessional … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom

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Mahmut Akten to Succeed Recep Baştuğ as CEO of Garanti BBVA and BBVA Country Manager in Turkey

Posted on 3, August 2024 by

(IN BRIEF) Mahmut Akten will become CEO of Garanti BBVA and BBVA Country Manager in Turkey, replacing Recep Baştuğ. The appointment is pending regulatory approval. BBVA has reorganized its global Client Solutions area, introducing new leadership for Commercial and Retail … Read the full press release →

Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, News, Spain, Turkey

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Swisscom Welcomes 232 New Apprentices in Record IT Recruitment Year

Posted on 2, August 2024 by

(IN BRIEF) Swisscom has welcomed 232 new apprentices, with a record 97 starting IT apprenticeships. To support these apprentices, Swisscom is piloting a nine-month onboarding program. Additionally, nine students are beginning a bachelor’s degree in IT with integrated practice. Swisscom … Read the full press release →

Posted in Business, Education, Financial, Industrial, Investment, Management, Media, News, Switzerland, Technology, Telecom

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Repsol and Volotea’s Strategic Partnership to Decarbonize Aviation with Sustainable Fuel

Posted on 1, August 2024 by

(IN BRIEF) Repsol and Volotea have formed a strategic partnership to supply over 6 million liters of sustainable aviation fuel (SAF) for Volotea flights from Spanish airports between 2025 and 2029. This collaboration is set to significantly reduce CO2 emissions … Read the full press release →

Posted in Aviation & Aerospace, Energy, Gas & Oil, Industrial, Spain, Travel

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AUTO1 Group Achieves Record-Breaking Q2 Performance with 36% Gross Profit Increase and Strong Sales Growth

Posted on 31, July 2024 by

(IN BRIEF) AUTO1 Group SE, a leading European digital automotive platform, reported record-breaking results in Q2 2024. Key highlights include a 17% increase in units sold (166,292), a 36% rise in gross profit (€173.3 million), and the highest adjusted EBITDA … Read the full press release →

Posted in Automotive, Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology

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EIB and Natixis Finance Major Photovoltaic Project in Italy

Posted on 30, July 2024 by

(IN BRIEF) The European Investment Bank (EIB), Natixis Corporate & Investment Banking (Natixis CIB), and the Sunprime Group have signed a project finance operation worth €204 million to support the construction of over 100 photovoltaic plants across Italy, with a … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News

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Daniele Tonella Named ING’s New Chief Technology Officer

Posted on 29, July 2024 by
ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has appointed Daniele Tonella as its new Chief Technology Officer (CTO) and member of the Management Board Banking, effective August 5, 2024. Tonella, who has over 20 years of experience in technology leadership roles within the financial … Read the full press release →

Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News, Technology

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TotalEnergies Announces Withdrawal from South African Offshore Blocks

Posted on 29, July 2024 by

(IN BRIEF) TotalEnergies is withdrawing from South Africa’s offshore Block 11B/12B and Block 5/6/7 due to economic viability challenges, following the exit of partner CNRI. Despite significant gas discoveries in Block 11B/12B, the company decided it is not feasible to … Read the full press release →

Posted in Business, Economy, Energy, Gas & Oil, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News

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NatWest Group Expands Mortgage Portfolio with £2.5 Billion Acquisition from Metro Bank

Posted on 26, July 2024 by

(IN BRIEF) NatWest Group has announced the acquisition of a £2.5 billion portfolio of prime residential mortgages from Metro Bank, which will add around 10,000 new customer accounts to NatWest. These accounts will continue to be serviced by Metro Bank … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, United Kingdom

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Juwi GmbH Finalizes Sale of Largest PV Portfolio in Company History

Posted on 26, July 2024 by

(IN BRIEF) Juwi GmbH has sold a 267 MW photovoltaic portfolio in Greece to Foresight and Mirova, marking the largest project in its history. Juwi will serve as the EPC and O&M contractor, with construction starting in August 2024. This … Read the full press release →

Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Germany, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Management, News

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METRO to Close METRO Advertising GmbH, Shifts Focus to Core Wholesale Strategy

Posted on 26, July 2024 by

(IN BRIEF) METRO has decided to shut down METRO Advertising GmbH as part of its strategic focus on its sCore wholesale strategy. This decision affects 67 employees in Germany and Poland, with business activities ceasing by the end of 2024. … Read the full press release →

Posted in Business, Economy, Financial, Food & Beverage, Germany, Government, Industrial, Investment, Management, Marketing, News, Poland, Technology

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TotalEnergies and Casino Extend 20-Year Partnership to Supply Over 1,000 French Service Stations

Posted on 25, July 2024 by

(IN BRIEF) TotalEnergies and Casino Group have renewed their 20-year strategic partnership to supply over 1,000 service stations in France, effective October 1, 2024, for five years. The agreement involves Casino providing food products and essential items to TotalEnergies stations, … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Food & Beverage, France, Industrial, Investment, Management, News, Retail

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TAKKT Reports Resilience Amidst Challenging Economic Conditions

Posted on 25, July 2024 by

(IN BRIEF) TAKKT has strengthened its resilience in the first half of 2024 by increasing its gross profit margin to 40.5% and streamlining cost structures, resulting in a slight increase in free cash flow to €25.6 million. Despite a 17.7% … Read the full press release →

Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Retail

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Continental Expands Product Range and Focuses on Sustainability at Automechanika Frankfurt 2024

Posted on 24, July 2024 by

(IN BRIEF) Continental is set to significantly expand its spare and wearable parts business at Automechanika Frankfurt 2024, focusing on sustainability and advanced driver assistance systems. The company will introduce multi V-belts made from renewable materials and a high-performance tire … Read the full press release →

Posted in Automotive, Business, Environment, Financial, Germany, Industrial, Investment, Management, Media, News, Technology

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bp and Castrol Partner with Audi for Formula 1 Entry in 2026

Posted on 16, July 2024 by

(IN BRIEF) bp and Castrol have entered into a strategic partnership with Audi for their debut in Formula 1 in 2026. This exclusive collaboration includes the development of FIA-compliant Advanced Sustainable fuels and specialized lubricants for Audi’s F1 power unit. … Read the full press release →

Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Sports, United Kingdom

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DHL Express Partners with Central Airlines to Enhance Cargo Operations

Posted on 16, July 2024 by

(IN BRIEF) DHL Express has signed a Letter of Intent with Central Airlines to deploy two Boeing 777 freighters under a multi-year Operating Agreement, marking their first collaboration with a Chinese cargo airline. This partnership aims to enhance intercontinental cargo … Read the full press release →

Posted in Aviation & Aerospace, Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Technology, Transportation & Logistics

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McLaren Automotive and The LEGO Group Unveil LEGO® Technic™ McLaren P1™

Posted on 11, July 2024 by

(IN BRIEF) McLaren Automotive and the LEGO Group have unveiled their latest collaboration, showcasing the LEGO® Technic™ McLaren P1™, a tribute to the groundbreaking hybrid hypercar. Known for redefining automotive high-performance, the McLaren P1™ integrated advanced motorsport-derived engineering to achieve … Read the full press release →

Posted in Automotive, Business, Construction, Denmark, Education, Entertainment, Financial, Government, Industrial, Investment, Management, News, Technology, United Kingdom

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Papara Partners with Thales to Introduce World-First Personalization Solution for Payment Cards

Posted on 10, July 2024 by

(IN BRIEF) Thales has partnered with Turkish fintech leader Papara to launch the world’s first deployment of the SketchMyCard solution, allowing users to design personalized payment cards that showcase their creativity and individuality. This collaboration has led to increased card … Read the full press release →

Posted in Banks, Financial, France, Security & Safety, Technology, Telecom, Turkey

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SGW Global Appoints Telcomdis as the Official European Distributor for Motorola Nursery and Motorola Sound Products

Posted on 9, July 2024 by

SGW Global (SGW) is delighted to announce the appointment of Telcomdis as the official distributor for Motorola Nursery and Motorola personal audio products across Europe, including the UK. (IN BRIEF) SGW Global has appointed Telcomdis as the official distributor for … Read the full press release →

Posted in Business, Electronics & Machinery, Marketing, Retail, Spain, Technology, Telecom, United Kingdom

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Vodafone Business and LSE Report Highlights Trust Gap Between Businesses and Customers

Posted on 4, July 2024 by

(IN BRIEF) A joint study by Vodafone Business and the London School of Economics has uncovered a significant “Trust Gap” between businesses and their customers, averaging 11 percentage points across global markets. This gap highlights businesses’ underestimation of the importance … Read the full press release →

Posted in Artificial Intelligence (AI), Business, Economy, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Telecom, United Kingdom

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Ingka Investments Partners with Extell on Landmark Fifth Avenue Development

Posted on 2, July 2024 by

(IN BRIEF) Ingka Investments, the investment arm of Ingka Group, has announced a significant partnership with Extell Development Company to invest in 570 Fifth Avenue, a new mixed-use office and retail tower in New York City. This strategic move marks … Read the full press release →

Posted in Business, Construction, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Retail

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Carrefour Completes Acquisition of Cora and Match Banners from Louis Delhaize Group

Posted on 2, July 2024 by

(IN BRIEF) Carrefour has finalized the acquisition of the Cora and Match banners from the Louis Delhaize group for €1.05 billion, enhancing its foothold in the French food distribution market. The acquisition includes 60 Cora hypermarkets and 115 Match supermarkets, … Read the full press release →

Posted in Belgium, Business, Environment, Financial, Food & Beverage, France, Industrial, Investment, Management, News, Retail

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Vestas Lands 105 MW Wind Turbine Order for LEAG’s Forst-Briesnig II Project in Germany

Posted on 29, June 2024 by

(IN BRIEF) Vestas has secured a 105 MW order from LEAG for the Forst-Briesnig II wind energy project in Germany’s Lausitz region. The project, set on a former brown coal mining area, will include 17 V162-6.2 MW wind turbines. Vestas … Read the full press release →

Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News

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KUKA and Swisslog Showcase AI Advancements in Robotics and Logistics, Addressing Challenges in Automation

Posted on 27, June 2024 by

(IN BRIEF) KUKA and Swisslog recently highlighted advancements in AI integration for robotics and logistics during a virtual press conference. KUKA showcased an AI chatbot simplifying robot programming through voice commands, while Swisslog presented ItemPiQ, an AI-driven robot enhancing product … Read the full press release →

Posted in Artificial Intelligence (AI), Business, Electronics & Machinery, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Switzerland, Technology, Transportation & Logistics

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IKEA Talents Contest Crowns Thomas from Austria as Global Winner, Celebrating Company-wide Creativity

Posted on 27, June 2024 by

(IN BRIEF) Ingka Group, the largest IKEA retailer, has successfully concluded its inaugural IKEA Talents contest, aimed at fostering creativity and unity among its global workforce. Thomas from IKEA Austria emerged as the global winner, impressing with his song ‘This … Read the full press release →

Posted in Art & Culture, Austria, Awards, Business, Financial, Industrial, Management, Media, Netherlands, News, Retail

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DHL eCommerce Unveils 2024 Shopper Trends Highlighting Surge in Mobile and Social Commerce

Posted on 27, June 2024 by

(IN BRIEF) DHL eCommerce has released the initial findings from its “Online Shopper Trends Report 2024,” based on a survey of 12,000 consumers from 24 countries. The report reveals a significant shift toward using smartphones as the primary shopping tool, … Read the full press release →

Posted in Business, Financial, Germany, Industrial, Internet & Online, Investment, Management, News, Retail, Technology, Transportation & Logistics

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Centrica Launches Energised Futures to Simplify and Affordable Energy for Consumers

Posted on 22, June 2024 by

(IN BRIEF) Centrica has introduced Energised Futures, a new start-up venture aimed at simplifying and reducing the cost of energy for consumers. The venture will combine research, innovation, and development expertise from various Centrica brands, including British Gas and Hive, … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom

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SGS Partners with Jetoil to Implement Fuel Quality Certification Program Across Greece

Posted on 20, June 2024 by

(IN BRIEF) SGS has formed a partnership with Jetoil, a leading fuel retailer in Greece with 113 gas stations. Through this collaboration, SGS will implement its Fuel Quality Certification Program, known as the Seal of Quality, across all Jetoil stations. … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Management, News, Security & Safety, Switzerland

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UK Economy Set for Multi-Million Pound Boost During European Championships and Paris Olympics

Posted on 19, June 2024 by

(IN BRIEF) The UK economy is expected to receive a significant boost as fans spend an additional £233 million during the European Championships and Paris Olympics this summer. Experian Economics highlights increased spending in pubs, bars, supermarkets, and on electronics … Read the full press release →

Posted in Business, Economy, Entertainment, Financial, Government, Industrial, Investment, Ireland, Management, Media, News, Retail, United Kingdom

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ESA Scientists Use Meteorite Dust to 3D Print Lunar Shelter Bricks, Inspired by LEGO®

Posted on 19, June 2024 by

(IN BRIEF) The European Space Agency (ESA) has developed 3D printed bricks, called ESA Space Bricks, using 4.5 billion-year-old meteorite dust, inspired by LEGO bricks. These bricks are part of a project to explore using space materials for building astronaut … Read the full press release →

Posted in Aviation & Aerospace, Business, Construction, Denmark, Environment, Financial, Government, Industrial, Investment, Management, News, Retail, Technology

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SIX Launches Tailored Global Equity Indices to Simplify Financial Insights and Operations

Posted on 18, June 2024 by

(IN BRIEF) SIX, a leading global financial information provider, has unveiled a new series of global equity indices designed specifically for retail, private banking, and asset management sectors. These indices aim to simplify access to comprehensive equity investment views and … Read the full press release →

Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Switzerland

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PUMA Launches CLOUDSPUN Collection: Elevating Comfort and Performance in Athletic Wear

Posted on 18, June 2024 by

(IN BRIEF) PUMA has launched its CLOUDSPUN Collection, featuring innovative athletic wear known for its ultra-soft fabric and advanced performance features such as moisture-wicking and 4-way stretch. The collection includes a range of men’s and women’s apparel designed for comfort … Read the full press release →

Posted in Apparel, Fashion & Beauty, Business, Financial, Germany, Industrial, Investment, Management, News, Retail, Sports, Technology

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Natixis CIB Expands M&A Advisory Network with Strategic Investments in Tandem Capital Advisors and Emendo Capital

Posted on 17, June 2024 by

(IN BRIEF) Natixis Corporate & Investment Banking (Natixis CIB) has expanded its M&A advisory network by making strategic investments in two European boutiques, Tandem Capital Advisors in Belgium and Emendo Capital in the Netherlands. This move aims to strengthen Natixis … Read the full press release →

Posted in Banks, Belgium, Business, Economy, Environment, Financial, France, Industrial, Investment, Management, Netherlands, News

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Deutsche Bank Triumphs with 28 Awards at The Asset’s 2024 Triple A Sustainable Investing Awards in APAC

Posted on 17, June 2024 by

(IN BRIEF) Deutsche Bank’s APAC Securities Services and Trust and Agency Services teams garnered 28 awards at The Asset’s 2024 Triple A Sustainable Investing Awards in Hong Kong. Recognitions included Best Depositary Receipts Bank in APAC and the Editors Triple … Read the full press release →

Posted in Awards, Banks, Business, Economy, Environment, Financial, Germany, Industrial, Investment, Management, News

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