Articles by Erin Slifka

Gucci owner Kering warned that recurring operating income in 2024 would fall short of last year’s figure, particularly in the first half, with investments and a normalization of sales growth across the sector seen weighing on its profits.

Barratt Developments has agreed to buy smaller housebuilder Redrow for £2.5 billion in an all-share deal.

South Korea’s LG Chem has signed a $19 billion deal with General Motors to supply cathode materials used to make electric-vehicle batteries.

TotalEnergies said it would increase its dividend and investor payouts this year, after it posted profits of more than $5 billion in the fourth-quarter, below expectations.

Carlsberg targeted 1%-5% operating profit organic growth this year, and said it would step up investments in the Chinese and Vietnamese markets and its premium brands, expecting long-term revenue growth slightly higher than previously forecast.

The chief executive officer of Douyin, the Chinese version of TikTok, has stepped down to take on other responsibilities, a company spokeswoman said Wednesday.