Saab expects organic sales growth between 12%-16% in 2025-March 2024-www.financetom.com

Global companies report slowing sales in China as post-pandemic boom fades

Aug 2, 2023

Global automakers are also having to contend with increased competition from domestic rivals, which for the first time took a more than 50% share of the market in the first half of 2023. Volkswagen cut its full-year sales target last week due to a sales dip in China, its top market.

Ontario teachers said to mull $100 million Xpressbees investment

Aug 4, 2023

The Canadian pension investor may buy a stake in the firm at about a $1.4 billion valuation. The funds would potentially be used for purposes including acquisitions.

Uber forecasts quarterly operating profit above estimates on ride-hailing demand

Aug 1, 2023

Uber's cost controls ranging from layoffs to lower transaction costs and maintaining a steady headcount have helped the company maintain its target to post operating income profitability this year. At the same time, the number of rides after the pandemic is growing.

Kering boosts its luxury portfolio with Valentino deal as Gucci lags

Jul 28, 2023

The French luxury group missed market forecasts for second quarter sales, eking out growth of just 3 percent and continuing to lag rivals as it seeks to turn around business at Gucci, including by recently overhauling its management.