Etiket: weaker
Weaker retail business at the start of the year
Germany’s retailers started the current year with weaker business. Sales in January fell by 0.4 percent, adjusted for prices (real) and including price increases (nominal), compared to the previous month…
Puma expects “weaker first half of the year”
The German sporting goods provider Puma SE expects continued headwinds in the coming months. “The market environment will remain difficult for 2024,” admitted CEO Arne Freundt on Tuesday when announcing…
Barclays downgrades Lufthansa to ‘Equal Weight’ – Lufthansa shares weaker
The British investment bank Barclays has downgraded Lufthansa from “Overweight” to “Equal Weight” and lowered its price target from 12.50 to 8.50 euros. The business of European airlines is likely…
This is how Tesla’s plans continue after the citizens’ no vote – Tesla shares weaker before the market
The US electric car manufacturer Tesla suffered a setback when it voted no in a citizen survey in Grünheide about the planned expansion of the factory premises. The clear vote…
New York stocks: Weaker – interest rate fears weigh on
NEW YORK (dpa-AFX) – After the long weekend due to the holiday, the US stock markets started the shortened trading week with clear losses. Traders pointed to comments from Fed…
Weaker demand for luxury goods: Burberry lowers profit forecast
The British fashion group Burberry Group Plc significantly lowered its profit forecast for the current 2023/24 financial year on Friday. In an interim statement, the company justified the more pessimistic…
HDE sees weaker consumer sentiment in January
Local retailers cannot expect their situation to improve even after the turn of the year. In January, consumers’ purchasing mood fell again, the German Trade Association (HDE) announced on Monday,…
Weaker sales prospects: Nike plans job cuts
US sporting goods giant Nike Inc. has announced that it plans to cut hundreds of jobs. The announcement came a day after the company cut its sales growth from five…
NASDAQ value Tesla shares weaker: ‘Autopilot’ software update required for two million vehicles
The electric car manufacturer Tesla, led by tech billionaire Elon Musk, has to update the software for the “Autopilot” assistance system in around two million vehicles due to safety defects.…
EU law: Internet companies from China and the USA do not comply with legal obligations – Meta, Alphabet, Apple shares & Co. weaker
Large Internet companies from the USA and China are still failing to comply with the new legal obligations a hundred days after the European Digital Services Act (DSA) came into…