Improving customer experience is key to the growth of businesses
Director at Optima Partners, Ross Robinson, discusses the importance of businesses listening to their customers, with 66% of customers expecting companies to understand their needs and demands, according to a 2020 report SalesForce report.
Banking rebound remains fragile as regulators review response to failures
Investor confidence in the banking sector remained fragile on Tuesday, with the European Central Bank (ECB) saying recent volatility highlighted the need for greater regulatory scrutiny.
Huawei has replaced thousands of U.S.-banned parts in its products, founder says
Huawei Technologies Co Ltd has replaced more than 13,000 parts in its products that were hit by U.S.
GM offers salaried employee buyouts, will take up to $1.5 billion charge
General Motors Co on Thursday said it was offering buyouts for most of its salaried employees and expects to take a pre-tax charge of up to $1.5 billion to cover the costs.
HelloFresh shares drop as profit outlook disappoints
HelloFresh forecast 2023 profit below analysts' expectations on Tuesday, sending its shares down as much as 12.7%, as fewer people order its meal kits in reopening economies and as inflation trims household budgets.
Nordstrom to wind down Canadian business, expects weak annual revenue
Nordstrom Inc said on Thursday it would discontinue its Canadian operations and forecast annual revenue below analysts' expectations, signaling high inflation levels were dampening consumer spending on discretionary items.
Carmaker Aston Martin's losses almost triple
Aston's share price nevertheless rallied 14.2 percent to 226.69 pence Wednesday as investors focused on a forecast of "significant" growth in profitability this year.
Analysis: Competition hots up as British banks fight to keep earnings rising faster than costs
British banks face a tougher battle for mortgage customers and business borrowers in 2023, as rising costs and deposit rates paid to long-suffering savers threaten to outpace flatlining profit margins, senior industry executives and analysts said.
Lloyds faces housing market chill as profit growth stalls
Britain's Lloyds Banking Group signalled that falling house prices, competition on savings and rising costs may crimp future returns after reporting flat profit growth for 2022.
Hermes beats forecasts on robust growth in China, U.S.
Birkin bagmaker Hermes said that wealthy Chinese clients snapped up its products in the fourth quarter even as the rest of the luxury sector took a hit from rising COVID infections, helping it beat sales and margin forecasts.
K-pop monopoly? BTS agency's plan to buy big slice of rival stokes concern, says activist fund
As the company behind K-pop royalty BTS seeks to build a big stake in a prominent rival for close to $900 million, a vocal activist fund is playing a leading role in the target's all-out efforts to stay independent.
Shopify's revenue forecast fails to impress, shares fall
Shopify Inc on Wednesday forecast slowing revenue growth for the current quarter despite price hikes and new product launches, signaling that macroeconomic challenges were weighing on its merchants' online businesses.
Star Entertainment shares extend fall on impairment charge warning
Shares of Star Entertainment Group fell to a record on Tuesday, extending losses after the Australian firm warned of an up to A$1.6 billion ($1.11 billion) hit to half-yearly earnings from a proposed casino duty rate hike in New South Wales (NSW).
Shoppers to face fresh price hikes as stores, suppliers pass on costs
Shoppers around the world will pay even more for groceries this year than they did in 2022, according to retailers, consumer goods firms and investors, unless commodity costs decline or the shift to cheaper store-brand products accelerates.
UN aviation body sees recovery to pre-pandemic air travel in 2023
The body projected that 2024 air passenger demand would be four percent above the level in 2019.
UK entrepreneurship in 2023 shining brighter than inflation would make it out to be
The recently released Oracle NetSuite study foreshadows optimistic growth for UK entrepreneurs and foreshadows a glimpse of hope for economic development.
Citi's high deposit betas to squeeze interest margins - Moody's
Citigroup Inc may see more net interest margin (NIM) pressure than the other four big U.S.
Hospitality in Crisis: Are there enough chefs to keep up with London's insatiable demand for fine dining?
Chefs have not returned to work in the same numbers post-pandemic, leaving the hospitality industry grappling with an acute staffing crisis at a time when operators are also struggling with the soaring costs of doing business.
Tech stocks lead losses in Europe on rate decision jitters
European shares fell on Monday, as cautious investors anticipated a slew of interest rate hikes by prominent central banks this week, with shares of rate-sensitive sectors including technology among the major laggards.
Philips to cut 13% of jobs in safety and profitability drive
Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the safety of its products following a recall of respiratory devices that knocked off 70% of its market value.
Rising interest rates have a sting in the tail for Europe's banks
Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail.
H&M in the red after Russia exit, soaring costs
H&M reported Friday a big drop in profits in 2022, with a surprise loss in the fourth quarter as the Swedish fashion retailer exited Russia and faced soaring production costs.
Airlines see return to profit in 2023, clash with airports
Global airlines are predicting their first industry-wide profit since 2019 next year as air travel rebounds from COVID-19 restrictions, while a new war of words erupted with airports on Tuesday over rising air fares and ground charges.
Bargains begin luring big banks back to China bets for 2023
As Chinese assets whipsaw around hopes and fears over the country's path out of the pandemic, big offshore investors are slowly leaving the sidelines as they plot a cautious return to one of the year's worst-performing equity markets.
Electric vehicle makers burning cash, slammed by sky-high costs
Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due to staggering raw material and production costs, their latest earnings statements showed.
Bank of Spain urges lenders to preserve capital as risks mount
Spanish banks need to preserve capital and keep a lid on mortgage loan costs to cope with a potential deterioration of the economic outlook, the Bank of Spain warned on Friday.
TotalEnergies leads Shell, BP in renewables race, but shares sag
French energy giant TotalEnergies has pulled ahead of rivals Shell and BP in the race to build up a renewables business, data collected by Reuters shows.
Tesla sees 2022 delivery miss, Q3 revenue comes in below forecast
Tesla Inc Chief Executive Elon Musk on Wednesday said he expected the company would miss its vehicle delivery targets this year, but downplayed concerns about softening demand after the company's revenue missed Wall Street estimates.
European shares fall as hawkish Fed stokes slowdown fears
European shares fell on Thursday, with tech stocks sliding after the U.S.
Amid US retail gloom, Uniqlo shines on COVID-triggered revamp
Just as inflation ravages the big guns of U.S. apparel retail, awash in high inventory and deep discounts to lure shoppers back to stores, Japan's Uniqlo is set for its best year ever in North America after a COVID-imposed revolution in its business model.