Author: Marie Mannes
-
Volvo Cars flags solid demand, pricing pressures ahead
By Marie Mannes STOCKHOLM (Reuters) -Sweden-based automaker Volvo Cars reported a 54% fall in second-quarter operating earnings on Thursday as the year-ago period’s profit was boosted by a one-off gain, and it forecast healthy demand for its vehicles despite pricing pressures. Volvo Cars, majority-owned by China’s Geely Holding, said earnings before interest and taxes (EBIT)…
-
As deadline looms, some Swedish Match investors oppose Philip Morris deal
By Marie Mannes and Richa Naidu GDANSK/LONDON (Reuters) -The clock is ticking for tobacco giant Philip Morris to rally support from Swedish Match shareholders for its offer to buy the snus maker – and not everyone is on board. Chicago-based Framtiden Partnerships, a Swedish Match shareholder for nearly two decades, told Reuters on Wednesday that…