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☆ Boeing trims annual 737 delivery target due to supplier errors
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +3 min

[1/2] A Boeing 737 MAX-10 performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. Despite falling short on projected 737 deliveries, Boeing stuck to its goal of generating $3 billion to $5 billion in free cash flow this year. The company also intends to keep its 737 production ramp up plan intact. The company reported a wider than expected loss of $3.26 per share, compared with average analysts' expectation of $2.96 per share, according to LSEG data. The company reported $18.1 billion in revenue, slightly beating consensus estimates of $18.0 billion.

Persons: Benoit Tessier, we've, Dave Calhoun, Planemakers, Abhijith, Valerie Insinna, Arun Koyyur Organizations: Boeing, Paris, REUTERS, Air Force, Thomson Locations: Le Bourget, Paris, France, Bengaluru, Washington

☆ Visa profit beats estimates on post-pandemic travel boost
▼ + stars: | 2023-10-24 | by ( Manya Saini | Thomson Reuters | Manya Saini Reports On Prominent Publicly Listed U.S. Financial Firms Including Wall Street S Biggest Banks | ) www.reuters.com time to read: +2 min

Visa credit and debit cards are seen in this picture illustration taken August 2, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsSummaryCompanies Cross-border volumes surge on steady travel demandStrong results signal consumer resilienceVisa Q4 adjusted EPS $2.33 beats estimate of $2.24Oct 24 (Reuters) - Card giant Visa (V.N) sailed past estimates for fourth-quarter profit on Tuesday as consumers on a post-pandemic travel rebound shrugged off worries of a looming economic slowdown and cost-of-living crisis. Visa's CFO Chris Suh said U.S. inbound travel recovery accelerated in the quarter, while travel into Asia also continued to improve. Visa's payment volumes rose 9% in the quarter, while cross-border volumes excluding transactions within Europe, a gauge of travel demand, surged 18%. Visa posted adjusted profit of $2.33 per share in the three months ended Sept. 30, topping expectations of $2.24 per share, according to LSEG data.

Persons: Benoit Tessier, Chris Suh, Suh, Michael Ashley Schulman, Logan Purk, Edward Jones, Manya Saini, Pooja Desai Organizations: REUTERS, Card, Running, Capital Advisors, Reuters, American Express, Visa, Thomson Locations: Asia, Europe, U.S, Bengaluru

GE shares were up 6% at $113.14 in pre-market hours. The Boston-based group now expects 2023 adjusted profit per share of $2.55 to $2.65, compared with an earlier forecast of $2.10 to $2.30. "At GE Aerospace, we continue to experience rapid growth driven by robust demand and solid execution, largely in commercial engines and services," CEO Larry Culp said in a statement. GE's aerospace unit, which makes engines for Boeing Co (BA.N) and Airbus (AIR.PA) jets, posted double-digit growth in orders, revenue and profit from a year earlier. Shares of its aerospace unit will continue GE's listing on the New York Stock Exchange under the ticker symbol "GE", the company said.

Persons: Benoit Tessier, Larry Culp, RTX, Pratt, Whitney, Culp, Rajesh Kumar Singh, Sriraj Kalluvila, Jason Neely, Jan Harvey Organizations: Electric, GE, Boeing, Paris, REUTERS, General, GE Aerospace, Boeing Co, Airbus, New York Stock Exchange, AerCap Holdings, Thomson Locations: Le Bourget, Paris, France, Boston, Chicago, Bengaluru

☆ Arcelik's European deal with Whirlpool gets EU approval
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

Employees stand at the Whirlpool company plant in the northern city of Amiens, France, June 14, 2017. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsCompanies Arcelik AS FollowWhirlpool Corp FollowGDANSK, Oct 24 (Reuters) - EU antitrust regulators have cleared Turkish domestic appliances maker Arcelik's (ARCLK.IS) proposed purchase of Whirlpool's (WHR.N) European domestic appliances business, an European Commission filing showed on Tuesday. "The Commission concluded that the transaction would not raise competition concerns given in particular the presence of alternative suppliers in the European Economic Area countries where both parties are active," the European Commission said in a statement. Under the deal announced in January, the companies will set up a new entity made up of Arcelik's European units producing major and small domestic appliances as well as consumer electronics with Whirlpool's European business. Britain's antitrust regulator said on Oct. 11 it had decided to refer the deal for an in-depth investigation.

Persons: Benoit Tessier, Arcelik, Blomberg, Canan, Daren Butler, Jason Neely Organizations: Whirlpool, REUTERS, Commission, Economic, European Commission, Markets Authority, Zenith, Thomson Locations: Amiens, France, GDANSK, Arctic, Altus, Grundig

The company also approved a $10 billion share repurchase program that will be funded through short and long-term debt. But profit at RTX's Collins Aerospace unit, which deals with commercial aftermarket service, rose 22% to $903 million. RTX reported an overall third-quarter adjusted profit of $1.25 per share, beating Wall Street estimates of $1.21, according to LSEG data. The company now expects reported sales of $68.5 billion, up from about $67.5 billion, and adjusted sales of $74 billion, up from $73 billion. Adjusted earnings per share - previously projected to be $4.95 to $5.05 - are now expected to be between $4.98 and $5.02.

Persons: Benoit Tessier, Pratt, Whitney, RTX, Neil Mitchill, Pratyush Thakur, Mike Stone, Valerie Insinna, Krishna Chandra Eluri, Mark Potter Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Collins Aerospace, Reuters, RTX, RTX's Collins Aerospace, Wall, Intelligence, Services, Raytheon, Thomson Locations: Le Bourget, Paris, France, Arlington , Virginia, Bengaluru, Washington

☆ Coca-Cola lifts forecasts on higher prices, steady demand
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

A Coca-Cola logo is pictured during an event in Paris, France, March 21, 2019. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 24 (Reuters) - Coca-Cola Co (KO.N) on Tuesday raised its annual sales and profit forecasts for a second time this year, riding on resilient demand from consumers for its sodas, juices and energy drinks as well as higher prices. The company's shares rose more than 2% in premarket trading after it also topped expectations for third-quarter results. Coca-Cola's average selling prices rose 9% in the third quarter, the company said, while overall unit case volumes increased 2%. Third-quarter net revenue rose nearly 8% to $11.91 billion, topping analysts' estimates of $11.44 billion, according to LSEG data.

Persons: Benoit Tessier, Sarah Henry, Ananya Mariam Rajesh, Sriraj Organizations: REUTERS, Cola, PepsiCo, Logan Capital Management, Procter & Gamble, Thomson Locations: Paris, France, Bengaluru

☆ Morning Bid: Bitcoin is back, stocks wobble
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. Treasuries remain in the headlines with yields on 10-year notes briefly hitting 5% on Monday before quickly declining. The Japanese currency was at 149.57 per dollar having touched the symbolic 150 level on Friday and on Monday. Meanwhile, bitcoin prices soared on the back of rising speculation about the possibility of a bitcoin exchange-traded fund. Reuters GraphicsReuters GraphicsKey developments that could influence markets on Tuesday:Economic events: Oct flash PMI for Germany, France, UK and Euro zone; UK August ILO unemployment rateEarnings: Barclays, Puma, Microsoft and Google-parent Alphabet.

Persons: Benoit Tessier, Ankur Banerjee, Treasuries, Sam Holmes Organizations: La Maison du, REUTERS, Ankur, Microsoft, Google, Barclays, ICE, Reuters Graphics Reuters, Puma, Thomson Locations: La, Paris, France, Israel, Europe, Asia, Pacific, Japan, Britain, United States, Germany

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 23 (Reuters) - Bitcoin, the world's largest cryptocurrency, hit a three-month high on Monday, rising 4.73% to $31,420 amid investor enthusiasm about the possibility of a spot bitcoin exchange-traded fund. The rise in bitcoin sent shares of cryptocurrency and blockchain-related companies such as Coinbase Global (COIN.O) and Marathon Digital Holdings (MARA.O) up 6.5% and 11.9% respectively. Bitcoin is up more than 18% from the year's low of $26,533 on Oct. 11. Bitcoin briefly soared on Oct. 16 following an erroneous news report about asset manager BlackRock's high-profile application for a spot bitcoin ETF, which would track the underlying price of the token.

Persons: Benoit Tessier, bitcoin, Bitcoin, Zach Pandl, Treasuries, BlackRock's, Matteo Greco, Fineqia, Hannah Lang, Kanjyik Ghosh, Krishna Chandra Eluri, Jonathan Oatis Organizations: La Maison du, REUTERS, Marathon Digital Holdings, Hamas, U.S . Securities, Exchange Commission, BTC, Thomson Locations: La, Paris, France, cryptocurrency, Washington, Bengaluru

☆ Macron flies to Israel to push for humanitarian truce, proposals
▼ + stars: | 2023-10-23 | by ( Michel Rose | ) www.reuters.com time to read: +4 min

French President Emmanuel Macron attends a video-conference with the families of French hostages by the Hamas militants who had entered Israel from the Gaza Strip, at the Elysee Palace in Paris, France, October 20, 2023. His advisers said that beyond showing solidarity with Israel, Macron wanted to make "proposals that are as operational as possible" to prevent an escalation, free hostages, guarantee Israel's security and work towards a two-state solution. The French leader upped the ante before the trip, telling reporters he would only travel to the region if he thought the visit would be "useful". Macron will meet with Israeli Prime Minister Benjamin Netanyahu, Israeli President Isaac Herzog, and centrist leaders Benny Gantz and Yair Lapid for the opposition. Macron has vowed on national television that France would "not abandon any of its children" in Gaza.

Persons: Emmanuel Macron, Benoit Tessier, Netanyahu, Abbas, PARIS, Macron, Israel doesn't, Benjamin Netanyahu, Isaac Herzog, Benny Gantz, Yair Lapid, Karim Emile Bitar, Mahmoud Abbas, Macron's, Michel Rose, John Irish, Sandra Maler Organizations: REUTERS, Israeli, Arab French Gaullist, IRIS, Reuters, Hamas, Thomson Locations: Israel, Gaza, Paris, France, French, Egypt, Saudi Arabia, Iran, Qatar, Arab French, Beirut

☆ Atos shares slide, trader points to possible French nationalisation plans
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

The logo of Atos is pictured at the Eurosatory international defence and security exhibition in Villepinte, near Paris, France June 13, 2022. According to the reports, two lawmakers - Olivier Marleix from the conservative Les Republicans and Socialist Philippe Brun - both have lodged amendments to France's 2024 budget law for a partial state takeover of Atos, citing national security concerns. The move had a negative impact on the share's trading value on Monday, one trader told Reuters. Over the last two years, Atos shares had lost almost 80% of their value. Reporting by Danilo Masoni, Michal Aleksandrowicz, writing by Tassilo HummelOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Les Echos, Olivier Marleix, Socialist Philippe Brun, Atos, Danilo Masoni, Michal Aleksandrowicz, Tassilo Hummel Organizations: REUTERS, Rights, Le Parisien, National Assembly, Les Republicans, Socialist, Atos, Reuters, Thomson Locations: Villepinte, Paris, France

Meanwhile, Boeing and Spirit, a supplier for the U.S. planemaker and European rival Airbus(AIR.PA), are contending with a lapse involving misdrilled holes on Boeing’s 737 MAX. Boeing is expected to report a loss of $2.23 per diluted share, compared with a loss of $5.49 a year ago. Spirit is projected to report a loss of $1.03 a share, compared to a loss of $1.22 a year earlier, according to LSEG data. The target may no longer be achievable if Boeing can no longer meet its goal of delivering 400 737s this year. Spirit, which reports Nov. 1, has already revealed preliminary results as part of a new price agreement with Boeing.

Persons: Benoit Tessier, Whitney, Rob Stallard, ” RTX, Ron Epstein, Vertical's Stallard, Patrick Shanahan, Pat, Michel Merluzeau, Shanahan, Valerie Insinna, Pratyush Thakur, Ben Klayman, Josie Kao Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Pratt, U.S, Airbus, Research, LSEG, ” Bank of America, Thomson Locations: Le Bourget, Paris, France, Washington, Bengaluru

☆ French president Emmanuel Macron to visit Israel in coming days
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: 1 min

French President Emmanuel Macron attends a video-conference with the families of French hostages by the Hamas militants who had entered Israel from the Gaza Strip, at the Elysee Palace in Paris, France, October 20, 2023. REUTERS/Benoit Tessier/Pool/File photo Acquire Licensing RightsPARIS, Oct 22 (Reuters) - French president Emmanuel Macron will visit Israel in coming days, the Israeli Prime Minister's office said on Sunday. Macron and Dutch Prime Minister Mark Rutte "will arrive tomorrow and Tuesday and will meet with Prime Minister Netanyahu," it said on Sunday in a post on X. The Elysee has not yet confirmed the visit. Reporting by Elizabeth Pineau, Layli Foroudi Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Emmanuel Macron, Benoit Tessier, Mark Rutte, Netanyahu, Elizabeth Pineau, Nick Zieminski Organizations: REUTERS, Rights, Israel, Dutch, Thomson Locations: Israel, Gaza, Paris, France

☆ Pro-Israel Protesters in London Demand Hamas Release Hostages
▼ + stars: | 2023-10-22 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

LONDON (Reuters) - About 20,000 people rallied in London's Trafalgar Square on Sunday to demand the release of more than 200 hostages taken by Hamas during their Oct. 7 incursion from Gaza into Israel in which 1,400 Israelis were killed. Waving the blue and white Israeli flag adorned with the Star of David, several participants wept as the names of hostages were read out to the crowd. Ayelet Svtizky described how Hamas had entered her mother's home as she was speaking on the phone to her. "The third picture they uploaded to my mum's Facebook story with a Hamas gunman in the background. The rally followed a pro-Palestinian demonstration on Saturday in which an estimated 100,000 people marched through the centre of London.

Persons: David, Ayelet Svtizky, Yann Tessier, Paul Sandle, Nick Macfie Organizations: Star, Hamas, London's Metropolitan Police Locations: London's, Gaza, Israel, London

☆ Thousands gather in Paris for first authorised pro-Palestinian demo since Oct. 7 Hamas attacks
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

[1/5] French labour unions and organisations call for peace and an immediate ceasefire in Gaza during a demonstration at Place de la Republique in Paris, France, October 22, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsPARIS, Oct 22 (Reuters) - Thousands of people waving Palestinian flags and chanting "Gaza, Paris is with you" gathered on Sunday for the first pro-Palestinian demonstration allowed by police in the French capital since the Oct. 7 Hamas attacks on Israel. Police said that the protest was authorised, unlike others, because the declaration by organisers condemned the Oct. 7 attacks on Israel, which killed 1,400 people. On Thursday, a protest was authorised at the last minute only after a Paris court overturned the police decision to ban it, and in the last few days, other protests have been authorised in cities across France. Reporting by Layli Foroudi; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Catherine Colonna, Israel, Layli Foroudi, Nick Macfie Organizations: la Republique, REUTERS, Rights, Republique, Police, France Palestine Solidarity, French, Thomson Locations: Gaza, la, Paris, France, Israel, Cairo

☆ Pro-Israel protesters in London demand Hamas release hostages
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +1 min

[1/5] A demonstrator waves the Israeli flag as thousands pack London's Trafalgar Square, Britain October 22, 2023 to demand the liberation of the more than 200 hostages taken by Hamas in its incursion into southern Israel on October 7. REUTERS/Yann Tessier Acquire Licensing RightsLONDON, Oct 22 (Reuters) - About 20,000 people rallied in London's Trafalgar Square on Sunday to demand the release of more than 200 hostages taken by Hamas during their Oct. 7 incursion from Gaza into Israel in which 1,400 Israelis were killed. Ayelet Svtizky described how Hamas had entered her mother's home as she was speaking on the phone to her. "The third picture they uploaded to my mum's Facebook story with a Hamas gunman in the background. The rally followed a pro-Palestinian demonstration on Saturday in which an estimated 100,000 people marched through the centre of London.

Persons: Yann Tessier, David, Ayelet Svtizky, Paul Sandle, Nick Macfie Organizations: REUTERS, Star, Hamas, London's Metropolitan Police, Thomson Locations: Britain, Israel, London's, Gaza, London

☆ About 100,000 protesters join pro-Palestinian march through London
▼ + stars: | 2023-10-21 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 21 (Reuters) - About 100,000 people joined a pro-Palestinian demonstration in central London on Saturday, marching through the British capital to demand an immediate ceasefire in Gaza following the Hamas attack on Israel two weeks ago. Chanting "Free Palestine", holding banners and waving Palestinian flags, the protesters moved through London before massing at Downing Street, the official residence and office of British Prime Minister Rishi Sunak. Police estimated 100,000 people had taken part in the "National March for Palestine" demonstration, organised by the Palestine Solidarity Campaign. [1/6]Demonstrators protest in solidarity with Palestinians in Gaza, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in London, Britain, October 21, 2023. Reporting by Michael Holden and Yann Tessier; Editing by Ros RussellOur Standards: The Thomson Reuters Trust Principles.

Persons: Rishi Sunak, Hannah McKay, Joe Biden, Benjamin Netanyahu, James, Michael Holden, Yann Tessier, Ros Russell Organizations: British, Police, Palestine Solidarity, Reuters, Hamas, REUTERS, Thomson Locations: London, Gaza, Israel, Downing, Palestine, Palestinian, Britain, U.S, Cairo

☆ About 100,000 Protesters Join Pro-Palestinian March Through London
▼ + stars: | 2023-10-21 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

LONDON (Reuters) - About 100,000 people joined a pro-Palestinian demonstration in central London on Saturday, marching through the British capital to demand an immediate ceasefire in Gaza following the Hamas attack on Israel two weeks ago. Chanting "Free Palestine", holding banners and waving Palestinian flags, the protesters moved through London before massing at Downing Street, the official residence and office of British Prime Minister Rishi Sunak. Police estimated 100,000 people had taken part in the "National March for Palestine" demonstration, organised by the Palestine Solidarity Campaign. Many of the chants and banners contained strong anti-Israeli slogans, and one protester held a banner with pictures of Sunak, U.S. President Joe Biden, and Israeli Prime Minister Benjamin Netanyahu with the message "Wanted For War crimes". The protest appeared peaceful and there were no immediate reports of any arrests.

Persons: Rishi Sunak, Joe Biden, Benjamin Netanyahu, James, Michael Holden, Yann Tessier, Ros Russell Organizations: British, Police, Palestine Solidarity, Reuters Locations: London, Gaza, Israel, Downing, Palestine, Palestinian, U.S, Britain, Cairo

☆ CMA CGM’s Saadé Urges Calm as Ocean Carrier Profits Plummet
▼ + stars: | 2023-10-20 | by ( Paul Berger | ) www.wsj.com time to read: 1 min

Shipping billionaire Rodolphe Saadé said carriers should accept that the industry is returning to normal cycles that include long periods when profits are tight. Photo: benoit tessier/ReutersRodolphe Saadé, the billionaire chief executive of French container line CMA CGM, says the shipping industry shouldn’t panic over a sharp retreat in earnings. The head of the world’s third-largest liner company said in an interview that he expects the weak growth in global trade to continue through 2024. But Saadé said the tumbling profits from record highs during the Covid-19 pandemic essentially bring the business back to prepandemic levels.

Persons: Rodolphe Saadé, benoit tessier, Saadé Organizations: Shipping, CMA

☆ Analysis: US chip curbs give Huawei a chance to fill the Nvidia void in China
▼ + stars: | 2023-10-20 | by ( Josh Ye | ) www.reuters.com time to read: +5 min

Huawei's Ascend AI chips are comparable to Nvidia's in terms of raw computing power, analysts and some AI firms such as China's iFlyTek (002230.SZ) say, but they still lag behind in performance. "This U.S. move, in my opinion, is actually giving Huawei's Ascend chips a huge gift," Jiang said in a post on his social media Weibo account. Huawei and Nvidia did not immediately respond to Reuters' requests for comment. Huawei's partners in China so far include iFlyTek, a leading Chinese AI software company which is using the Ascend 910 to train its AI models. Other partners include state-owned software firms Tsinghua Tongfang and Digital China.

Persons: Benoit Tessier, Jiang Yifan, Jiang, CANN, Woz Ahmed, Ahmed, Meng Wanzhou, IFlyTek, Jiang Tao, Charlie Chai, 86Research, Xi Jinping, Chai, Josh Ye, Brenda Goh Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, Nvidia, Huawei, Securities, Tsinghua, Digital, Thomson Locations: Porte, Paris, France, HONG KONG, China, United States, U.S, Digital China

☆ Bitcoin hits two-month high above $30,000 in volatile week
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsLONDON, Oct 20 (Reuters) - Bitcoin jumped on Friday above $30,000 for first time since July , taking gains for the week past 10%, against a backdrop of volatile trading across cryptocurrencies. Bitcoin, the largest cryptocurrency by circulation, climbed as high as $30,022, its highest since July 23. There was no immediate news catalyst for the move in bitcoin, said Joseph Edwards, head of research at London crypto firm Enigma Securities. The approval of any such applications, crypto investors have said, could usher in a new wave of capital to the asset class.

Persons: Benoit Tessier, Bitcoin, Joseph Edwards, Ben Laidler, Tom Wilson, Elizabeth Howcroft, Amanda Cooper Organizations: La Maison du, REUTERS, Securities, U.S . Securities, Exchange Commission, SEC, BlackRock, Thomson Locations: La, Paris, France, cryptocurrencies, bitcoin, London

☆ France's Macron sees hope for hostages in Gaza after Qatari mediation
▼ + stars: | 2023-10-20 | by ( John Irish | ) www.reuters.com time to read: +3 min

French President Emmanuel Macron attends a video-conference with the families of French hostages by the Hamas militants who had entered Israel from the Gaza Strip, at the Elysee Palace in Paris, France, October 20, 2023. Thirty French citizens were killed on Oct. 7 after Hamas militants launched an attack into Israel and seven are still missing. French medical aid would be sent in the coming hours to join Egyptian efforts backed by the United States to bring supplies into Gaza, Macron said. Macron said he was also focusing on trying to avoid an escalation between Hezbollah and Israel and messages had been passed on the Lebanese side. "We warn everyone, we are doing everything to avoid escalation but the security situation remains by definition unstable because it is at a very high level of tension and pressure."

Persons: Emmanuel Macron, Benoit Tessier, Israel, Macron, Paris, John Irish, Chris Reese, Jonathan Oatis Organizations: REUTERS, Rights, Hamas, Thomson Locations: Israel, Gaza, Paris, France, Qatar, Saudi, Egypt, United States

☆ EssilorLuxottica sees 'slight deceleration' in Q3 vs first half
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

A logo of EssilorLuxottica exhibition space is displayed at SILMO in Villepinte, near Paris, France September 24, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 19 (Reuters) - Luxury eyewear maker EssilorLuxottica (ESLX.PA) on Thursday reported third-quarter revenue of 6.3 billion euros ($6.68 billion) with Asia-Pacific sales growth of 11.75% bolstered by China. Shares of luxury goods companies have come under pressure as cash-strapped consumers cut spending on high-end goods, while growth has also been slowing in China. French luxury company LVMH (LVMH.PA) last week reported slower sales growth in the third quarter. EssilorLuxottica reiterated its 2023 target of "mid-single-digit annual revenue growth" from 2022 to 2026 and an operating profit representing 19% to 20% of revenue by the end of that period.

Persons: Benoit Tessier, Ray, Bernstein, EssilorLuxottica, Stéphanie Hamel, Olivier Sorgho, Jane Merriman Organizations: REUTERS, Thomson Locations: Villepinte, Paris, France, Asia, Pacific, China, North America

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. Under the agreement announced on Wednesday, Spirit will get a higher price per 787 unit in the near term, while 737 unit prices will be cut from 2026 to 2033. The agreement also includes a "control clause" requiring Boeing's input if Spirit were to be acquired. Overall, the agreement should stabilize Spirit and pave the way for a future agreement with Airbus, he added. Boeing said the agreement "will enhance operational stability in our production system and help us deliver on our customer commitments."

Persons: Benoit Tessier, Tom Gentile, Robert Stallard, Patrick Shanahan, Abhijith, Valerie Insinna, Arun Koyyur, Jonathan Oatis Organizations: Boeing, International Paris Air, Le, REUTERS, Wednesday, Airbus, Research, Thomson Locations: Le Bourget, Paris, France, Bengaluru, Washington

The logo of Atos is pictured at the Eurosatory international defence and security exhibition in Villepinte, near Paris, France June 13, 2022. Mustier, credited with restoring UniCredit's capital strength, will be tasked to revive investors' trust after a governance crisis and a series of setbacks pummelled Atos' shares, now trading at near record lows. Atos shares jumped by more than 20% in early Paris trading but reversed course in the morning. The planned sale of Atos's loss-making legacy IT operations, dubbed Tech Foundations, to Kretinsky is opposed by some minority shareholders and several French politicians. Atos on Monday reiterated the plan to sell Tech Foundations to Kretinsky under the terms announced in August, although it signalled some of the financial terms could change.

Persons: Benoit Tessier, Bertrand Meunier, Kretinsky, Jean, Pierre Mustier, Daniel Kretinksy, Atos, Mustier, pummelled Atos, Kretinsky's, Mathieu Rosemain, Pierre John Felcenloben, Christian Schmollinger, Navaratnam, Louise Heavens Organizations: REUTERS, Tech Foundations, Tech, Atos, Kretinsky, Thomson Locations: Villepinte, Paris, France, Czech, Kretinsky, Eviden, French, Atos

☆ Absolut Vodka and Coke's Sprite to combine in canned cocktail
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Coca-Cola logo is pictured during an event in Paris, France, March 21, 2019. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsLONDON, Oct 16 (Reuters) - Absolut Vodka and lemonade drinkers will soon be able to sip their preferred cocktail from a can, after drinks makers Pernod Ricard (PERP.PA) and Coca-Cola (KO.N) agreed to a pre-mixed version made from the spirit combined with Sprite. France's Pernod and Coke said on Monday the Absolut & Sprite canned cocktail will be launched in select European markets, including Britain, the Netherlands and Spain, from early 2024. The cans will feature two of the world's most recognisable trade marks, the companies said. Reporting by Emma RumneyOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Pernod Ricard, Coke, Jack Daniels, Emma Rumney Organizations: REUTERS, Thomson Locations: Paris, France, Britain, Netherlands, Spain

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