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The Latest Breaking News from Group

Audi Makes 'Painful' Decision to Close a Factory

While Volkswagen Group is still considering whether to close factories in Germany, Audi has taken this drastic decision in Belgium. The factory in Brussels will close up shop at the end of February. Consequently, the Q8 E-Tron and Q8 E-Tron Sportback are being wiped out from the lineup. Due to…

Motor1

Romanian energy supplier struck in ransomware attack in latest cybercrime assault

Electrica Group claims to have addressed the problem already, and says operations were not affected.

TechRadar

The Scott Trust and the Guardian Media Group Boards agree sale in principle of the Observer to Tortoise Media

The Guardian - UK

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UnitedHealth Group Stock Continues Upward Trend on 2025 Guidance Boost Amid Brian Thompson's Murder

The UnitedHealth Group stock is witnessing upward price pressures as share prices continue to hover close to record levels despite the tragic death of its insurance unit CEO Brian Thompson on Investor Day.

International Business Times UK

UnitedHealthcare CEO Fatally Shot a Month After US DOJ Sues Parent Company's £2.59B Takeover of Amedisys

Brian Thompson was fatally shot in the chest outside the Hilton Hotel in midtown Manhattan, where UnitedHealth Group was about to begin its investor day. He was rushed to the Mount Sinai West Hospital but later succumbed to his injuries.

International Business Times UK

Adani Group shares plunge by double digits after U.S. accuses Indian billionaire Gautam Adani of bribery

Shares in Adani Enterprises, the group’s flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani’s net worth.

Fortune

VW America CEO Suddenly Resigns

Pablo Di Si, CEO of Volkswagen Group and Volkswagen Brand for North America, has resigned. The German automaker announced the news on Tuesday, though it's not clear exactly when he stepped down. In a press release, VW states Di Si "stepped down from his position on his own request."

Motor1

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Bernard Arnault's son Alexandre is climbing the ranks as new deputy of Moët Hennessy. Here’s what it means for LVMH’s succession plan

“By transitioning to a Paris HQ position, Alexandre gains proximity to the group’s strategic core,” an expert said of the Arnault family's succession.

Fortune

Dr Jonathan Paine joins Scott Trust board

Dr Jonathan Paine has been appointed to the Scott Trust board and will also join the Scott Trust Endowment board. He will also become a member of the joint audit committee for the group.

The Guardian - UK

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

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

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RideApart

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.

Evening Standard

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

RideApart

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.

TechRadar

Power 50 2024: The first ten nominees revealed!

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

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The Independent UK

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

StockNews.com

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.

Radio France Internationale

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…

InsideEVs

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.

International Business Times

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.

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

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