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The Latest Breaking News from Group

VW Boss: 'Decades of Structural Problems' Led to Crisis

To say Volkswagen is going through a rough patch would be an understatement. The Group’s latest numbers look terrible: Earnings after tax collapsed by 63.7% in the third quarter when sales dropped by 8.3%. Through this year's first nine months, profits are down 30.7% and sales are 4.4% lower. CEO…

Motor1

'Volkswagen Is Not Earning The Money It Needs'

We knew something like this was going to happen. But now we know the numbers. After more than a year of operating in an unprecedentedly tough environment in Europe and China, things came to a head for the Volkswagen Group this week as it posted its third-quarter financial results. And…

InsideEVs

Nine-figure profit shows merging Greater and Permanent was the right move

NGM Group's first full financial year results are in.

Newcastle Herald

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Formula 1 and LVMH sign 10-year partnership deal

Luxury brands such as Louis Vuitton and Moët Chandon will be present on the Formula 1 grid from next year after Liberty Media agreed a 10-year global partnership with LVMH which could be worth a reported $1 billion.

Motorsport

Windy weather blows profits away at Brighton Pier Group

Like for like revenues for the group, which also operates bars and mini-golf sites, fell from £14.9 million to £13.9 million over the six months

Evening Standard

Japan's Biggest Motorcycle Retailer Just Got Bought By Bain Capital, Oh Great

If you've purchased or ridden a motorcycle in Japan, you're probably familiar with Red Baron Group. They offer used and new sales and service nationwide.

RideApart

The £1.1 trillion man: L&G hires Eric Adler as its new asset management chief

The former Prudential Financial executive will be in charge of £1.1 trillion of assets under management

Evening Standard

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Motorcycle Manufacturer KTM Cuts More Employees, Almost As Much as MV Agusta Added

KTM parent company Pierer Mobility Group already laid off close to 300 employees in the first half of 2024, and now it's about to cut even more to save money.

RideApart

Power 50 2024: The first ten nominees revealed!

Here are the first 10 members of the Power 50 2024.

TechRadar

With the right data, convenience stores could transform the fortunes of retailers and suppliers

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

The Independent UK

3 Insurance Stocks With Bullish Analyst Price Targets

The insurance industry is growing strongly with increasing insurance rates, evolving demand from consumers, and technological advancements. Hence, amid bullish price targets, investing in quality insurance stocks Progressive Corporation (PGR), W. R. Berkley (WRB), and Unum Group (UNM) could be wise. Read more.

StockNews.com

Olympics drive down Air France-KLM profits

Air France-KLM recently reported a decline in profits for its latest quarter, attributing the downturn to a reduction in passenger traffic as the Paris Summer Olympics approach. This unexpected drop has led the airline group to revise its annual financial forecasts downward and intensify its efforts to reduce costs. The…

Radio France Internationale

Tesla Was Still The World's Largest EV Maker In Q2, Ahead Of BYD

In the past quarter, Tesla once again sold the highest number of all-electric cars among all automotive groups in the world.

InsideEVs

Swatch Profits Plunge As China Luxury Crisis Bites

Swiss watch group Swatch saw its first half profits plunge due to the luxury market crisis in China and warned Monday the key market was likely to remain difficult throughout the rest of the year.

International Business Times

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The Independent UK

Euro 2024 LIVE: Latest news and reaction after Jude Bellingham gives England win over Serbia

The Three Lions opened their campaign with a 1-0 triumph to move to the top of Group C

The Independent UK

Hospital group agreed six-figure bonuses for bosses – while warning it would stop paying for patients’ drugs

Exclusive: Despite the drastic financial warning by the hospital group’s CEO, bonuses worth hundreds of thousands of pounds were agreed to be paid to at least two directors

The Independent UK

Toyota shareholders demand vote against chairman Toyoda as automaker embroiled in testing scandal

Toyota's chairman Akio Toyoda will be facing some disgruntled shareholders this week, as two major proxy groups demand a vote against keeping the grandson of the founder on its board

PC Gamer

One day after trumpeting its big Summer Game Fest reveals, Sumo Group is laying off 15% of its workers and closing Timbre Games

The company said the cuts are necessary to "ensure the security of the business."

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Evening Standard

Coats appoints former GKN Aerospace chief as new CEO of one of London's most historic listed firms

David Paja will take over in the top job from company veteran Rajiv Sharma

Top News

Terry Crews And Friends: A Stylish Brotherhood

Terry Crews and friends showcase camaraderie and style in a candid moment, embodying the enduring nature of friendship and the joy of genuine connections.

Windows Central

PlayStation will lose Final Fantasy exclusives, as Square Enix announces plans to bring more of its games to Xbox and PC

Square Enix has announced in their latest FY24 report that it plans to focus on releasing more games on multiple platforms, including Xbox, and revive old IP as part of their new business strategy.

GamesRadar

Square Enix to "shift from quantity to quality" as it "aggressively pursues a multiplatform strategy" which could spell the end of PlayStation-first Final Fantasy games

It still plans to "regularly release AAA titles in its major franchises"

Evening Standard

Marketing agency Mission turns down takeover bid

Digital marketing group Mission today rejected a £27 million takeover bid from Brave Bison, a rival which is backed by former Tory Party deputy chairman Lord Ashcroft.

Evening Standard

London stock market falls out of top 20 in 2024 global IPO destination rankings — joint with Kazakhstan

The IPO drought comes at the same time as an exodus of firms from the London Stock Exchange

PC Gamer

Square Enix announces it's tanked $140 million in losses due to 'content abandonment', though there's no clue as to what's been dropped—and where

Mid-life crisis (core).

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