Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US will lend $553mn for the development of a container terminal in Sri Lanka operated by Indian tycoon Gautam Adani as Washington works to counter China’s influence in the country.Adani Ports and Special Economic Zone holds a 51 per cent stake in Colombo’s west container terminal, which it is developing with Sri Lankan conglomerate John Keells Holdings and the Sri Lanka Ports Authority.The US International Development Finance Corporation (DFC) held a ceremony on Wednesday in Colombo to publicise the commitment. The…

© Reuters. FILE PHOTO: The Ahold Delhaize logo is seen at the company’s headquarters in Zaandam, Netherlands August 23, 2018. Picture taken August 23, 2018. REUTERS/Eva Plevier/File Photo By Federica Mileo and Diana Mandia (Reuters) – Supermarket group Ahold Delhaize on Wednesday trimmed 2023 earnings guidance and flagged margin weakness in the United States, its main market, sending its shares falling nearly 6%. Retailers, whose profits have been boosted over the past two years by rising prices, are seeing their margins squeezed as food price inflation falls and consumers curb their spending. The group, which operates the Stop & Shop,…

© Reuters. Ingredion (NYSE:), in its third quarter earnings call of 2023, reported strong profitability and positive sales growth. The company’s adjusted operating income increased by 15% due to pricing and mix improvements, operational excellence, and productivity initiatives. Despite lower volumes, Ingredion’s diverse product portfolio and business model enabled them to deliver shareholder value. Key takeaways from the call include:Specialty ingredients showed growth, with net sales up 6% and continued gross margin expansion.Sales teams secured multi-year contracts with global customers, supporting margin expansion in 2024.Sustainability initiatives and regenerative agricultural projects were a focus area.Net sales for the quarter were $2…

Carlyle Secured Lending reports Q3 results

A national poll released on Tuesday will likely add to concerns about President Biden’s ability to win re-election next year.A CNN survey indicates former President Donald Trump topping Biden 49%-45% among registered voters in a hypothetical 2024 general election matchup, with Trump’s margin widening from a 47%-46% lead in the same poll conducted in late August.The poll indicates Biden’s re-election campaign is suffering from deeply underwater approval ratings — at 39%-61% approval/disapproval — and nearly three-quarters of survey respondents saying things going poorly in the country. Additionally, only a quarter said Biden has the stamina to serve in the White…

Voters in Ohio approved a constitutional right to abortion in the state. The result is a major victory for Democrats in what has recently been a GOP-trending state. Ohio was far from the only place where abortion dominated the conversation in the lead up to the 2023 elections. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Americans are still infuriated that Roe v. Wade is no longer the law of the land, a feeling that reverberated throughout the key races in the 2023 elections…

The environmental charity WWF is set to report that the watch and jewellery industry’s sustainability efforts still leave “much to be desired”, five years after it published a damning report highlighting a lack of transparency.The WWF Watch & Jewellery Rating 2023, due to be published tomorrow, assessed 21 watch and jewellery brands according to their sustainability performance. The companies were judged in nine categories, including sustainability strategy, climate action, human rights and traceability, and transparency.The report comes as a growing number of luxury watch companies introduce sustainability policies in a bid to increase the desirability of their products. Research such…

The German inflation rate in October has dropped to its lowest level since August 2021, according to data from Destatis. This decline was primarily due to a decrease in energy and fuel prices, which fell by 3.2% and 7.7% respectively year-on-year. Consumer prices rose by 3.8% compared to last year, marking a decrease from September’s 4.5%. Despite this overall reduction, Ruth Brand, president of Destatis, pointed out that inflation remains high compared to medium and long-term figures. This is particularly evident in food prices, which saw a year-on-year increase of 7.5% in October. Within this category, sugar, jam, and honey…

© Reuters. FILE PHOTO: A Credit Agricole logo?is reflected in a window of a bank office in Nantes, France, May 10, 2023. REUTERS/Stephane Mahe/File Photo (Corrects to read 429 million (not 439 million) euros, paragraph 4) By Mathieu Rosemain PARIS (Reuters) – Credit Agricole (OTC:), France’s second-largest listed bank, beat third-quarter earnings expectations on Wednesday driven by a strong performance by its investment bank and retail activities. Its net income jumped 33% to 1.75 billion euros ($1.87 billion), above the 1.37 billion expected by analysts in a company-compiled poll. Group revenue rose 19% to 6.34 billion euros, topping the 5.99…

adidas AG GAAP EPS of €1.40, revenue of €6B; updates FY23 outlook