Companies

Maersk Sees Short-Term Profit Boost Due to Red Sea Crisis
May 2, 2024
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Maersk Sees Short-Term Profit Boost Due to Red Sea Crisis

Danish shipping giant Maersk sees a temporary profit boost from rerouting due to Houthi attacks, but long-term market pressures remain a concern.

Uber's London Operations Under Fire in £250 Million Lawsuit
May 2, 2024
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Uber's London Operations Under Fire in £250 Million Lawsuit

London's iconic black cab drivers are suing Uber for £250 million, claiming the ride-sharing company misled authorities to illegally gain an operating license.

Air France-KLM Loses €480 Million in Worst Quarter Since Pandemic
April 30, 2024
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Air France-KLM Loses €480 Million in Worst Quarter Since Pandemic

Air France-KLM suffered a significant loss in the first quarter of 2024, exceeding losses incurred during the COVID-19 crisis.

Getir Prioritises Turkey, Abandons UK, Europe, and US Markets
April 29, 2024
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Getir Prioritises Turkey, Abandons UK, Europe, and US Markets

Getir, the rapid grocery delivery service, is departing the UK, its remaining European markets, and the US to concentrate on its primary market in Turkey where it generates the majority of its revenue. The decision comes after ongoing speculation about its UK operations and regulatory challenges within Europe.

Hotel Giants Seek Growth in Europe with Rebrands and Acquisitions
April 22, 2024
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Hotel Giants Seek Growth in Europe with Rebrands and Acquisitions

Hotel chains expand European presence through acquisitions and conversions due to booming travel and high construction costs.

German Giant Invests €38 Million in Bosnia Creating 1,000 Jobs
April 22, 2024
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German Giant Invests €38 Million in Bosnia Creating 1,000 Jobs

German automotive component leader Mubea confirms a €38 million investment in a new production facility in Derventa, Bosnia and Herzegovina, with plans to create up to 1,000 jobs by the early 2030s.

Sweden's Embracer Restructures: A Win for Investors in Troubled Times
April 22, 2024
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Sweden's Embracer Restructures: A Win for Investors in Troubled Times

Swedish gaming company Embracer splits into three publicly traded companies to address debt, offer investors clearer choices, and maximise the potential of its diverse gaming portfolio.

Oppo Reasserts European Ambitions Following Patent Dispute Resolution
April 19, 2024
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Oppo Reasserts European Ambitions Following Patent Dispute Resolution

After facing setbacks due to a patent dispute with Nokia, Oppo signals renewed focus on the European market, but its initial product offerings and existing market share pose challenges.

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