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The Latest Breaking News from EMEA

'Two-tier' AI economy is emerging between startups and corporations, AWS EMEA chief says

Large companies are not adopting AI as quickly as start-ups, AWS managing director Tanuja Randery says.

Fortune

Get ready for even more AI at work - business spending set to double this year

IT departments are allocating more of their budgets, and more money overall, to artificial intelligence in 2025.

TechRadar

On the road to RE100: finding success and learning valuable lessons

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Data breaches are getting worse - and many are coming from a familiar source

Employee errors are still the number one cause of breaches, with people either making a mistake or falling prey to phishing.

TechRadar

Mark Gardner Joins Grass Valley As EMEA Sales Vice President

The new vice president of sales comes to Grass Valley with 25 years of industry experience

TV Tech

How Spain Became a Key Netflix Hub for Movies and Shows

Original Spanish productions were a big reason why Netflix's EMEA region revenue surpassed $10.5 billion in 2023

Broadcasting & Cable

Nike shares dive in after-hours trading after it warns of 'increased macro headwinds' in Greater China and EMEA

Nike trimmed its annual sales forecast, and also announced that it wants to cut $2 billion in costs over the next three years.

Fortune

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Zotac's Zbox Pico PI430AJ Uses Frore's AirJet Solid-State Active Cooling

Zotac has introduced the industry's first compact PC featuring Frore's AirJet solid-state cooling system. Zotac's ultra-compact Zbox Pico PI430AJ is powered by Intel's Core i3 processor is designed primarily for everyday home and office computing, as well as applications like digital signage. As far as specifications are concerned, Zotac's Zbox…

AnandTech

Shein to open 30 stores this year to rival Primark - including UK branches

The temporary stores will open across the EMEA (Europe, the Middle East and Africa) region as Shein looks to increase its high street presence and take on the likes of Primark

Daily Mirror

Airtame Appoints New Sales Executives

Dan Deem and Peter Kristensen will spearhead growth in U.S. and EMEA regions, respectively.

AVNetwork

McCormick Q2 Earnings Miss Street View; Cuts FY22 EPS Forecast

McCormick & Co Inc (NYSE:MKC) reported a second-quarter FY22 sales decline of 1.3% year-on-year to $1.54 billion, missing the consensus of $1.61 billion. Flavor solutions segment sales increased 10%, driven by the Americas and EMEA regions. Consumer segment sales declined 8%, reflecting lower volume and product mix. Gross profit was $523 million, with…

Benzinga

Adidas Shares Slide As China Lockdown Weighs On Q1 Earnings, FY22 Outlook

Adidas AG (OTC:ADDYY) reported first-quarter FY22 sales growth of 0.6% year-on-year to €5.3 billion. Currency-neutral sales declined 3% as supply constraints reduced the top-line by €400 million. Currency-neutral sales across North America rose 13%, EMEA improved 9%, and Latin America jumped 38%. The challenging market environment and COVID-19-related lockdowns in Greater China and…

Benzinga

Why Under Armour Shares Are Plunging Today

Under Armour Inc (NYSE:UAA) (NYSE:UA) reported sales growth of 3% year-on-year to $1.30 billion for its transition quarter ended March 31, 2022, missing the consensus of $1.32 billion. As announced earlier, following a three-month transition period (January 1 – March 31, 2022), Under Armour's FY23 will run from April 1, 2022, through March…

Benzinga

Why Ball Corp Shares Are Trading Lower Today

Ball Corporation (NYSE:BLL) reported first-quarter FY22 sales growth of 18.9% year-on-year to $3.72 billion, beating the consensus of $3.5 billion. Beverage packaging, North and Central America sales rose 24.2% Y/Y, Beverage packaging EMEA increased 18.3%, Beverage packaging South America gained 1.4%, and Aerospace segment sales rose 18.8%. Beverage can shipments rose 10% and…

Benzinga

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Benzinga

Oatly Group Reports Mixed Q1 Earnings; Reiterates FY22 Outlook

Oatly Group AB (NASDAQ:OTLY) reported first-quarter FY22 sales growth of 18.6% year-on-year to $166.19 million, beating the consensus of $161.78 million. Revenue in the Americas jumped 40.3% Y/Y to $47 million, EMEA rose 10.9% to $90.5 million, and Asia grew 15.3% to $28.7 million. Gross margin contracted by 2,040 basis points to 9.5%,…

Benzinga

Akanda Completes Acquisition Of Holigen, Strengthening Position In EMEA Region

Akanda Corp.

Benzinga

Deutsche Bank Tuns Bullish On Johnson Controls

Johnson Controls International PLC (NYSE:JCI) has been upgraded to Buy from Hold, with a reduced price target of $79 (an upside of 21%), from $80, by Deutsche Bank. Analyst Nicole DeBlase reduced her EPS estimate for Q2 citing risks from the supply chain, especially in the EMEA, Latin America, and APAC regions. Related: Analysts Cut…

Benzinga

Dole's Q4 Earnings Top Estimates

Dole PLC (NYSE:DOLE) reported fourth-quarter FY21 sales growth of 2.3% year-on-year, to $2.25 billion, beating the consensus of $2.23 billion. The revenue increase was driven by growth in the Fresh Fruit, Diversified Fresh Produce in EMEA, and Diversified Fresh Produce in Americas & ROW reporting segments. The gross profit decreased 6.4% Y/Y to…

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Benzinga

Read How Adidas Fared In Q4

Adidas AG (OTC:ADDYY) reported a fourth-quarter FY21 sales decline of 0.1% year-on-year, to €5.1 billion. Currency-neutral revenues in Q4 declined 3%. Supply shortages due to the lockdowns in Vietnam, challenging market environment in Greater China, and COVID-19 related lockdowns in Asia-Pacific reduced revenue growth by more than €400 million in Q4. Currency-neutral revenues…

Benzinga

Sonoco-Alcore Hikes Paperboard Prices In EMEA Region

Sonoco Products Co (NYSE:SON) said its subsidiary, Sonoco-Alcore, will raise prices by €100 (£85) / ton on all recycled paperboard grades sold in EMEA regions. The price rise will be effective for all shipments made on or after March 14, 2022. The move comes after a continued escalation in the cost of European energy. "These…

Benzinga

Coty Q2 Bottom-Line Beats Street View; Raises FY22 Adjusted EPS Outlook

Coty Inc (NYSE:COTY) reported second-quarter FY22 sales growth of 11.5% year-on-year, to $1.58 billion, missing the analyst consensus of $1.60 billion. Like-For-Like (LFL) revenue increased 12% Y/Y, driven by a 12% increase in both Prestige and Consumer Beauty segments. Revenue in the Americas rose 9% Y/Y, EMEA increased 12%, and Asia-Pacific grew 17%.…

Benzinga

Otis Worldwide Stock Gains Post Q4 Results, Provides FY22 Guidance

Otis Worldwide Corp (NYSE:OTIS) reported fourth-quarter FY21 sales growth of 2.2% year-over-year to $3.569 billion, +2.8% on an organic basis, missing the consensus of $3.58 billion. New Equipment sales of $1.56 billion (+2% Y/Y), +1.2% organic. Organic sales were 11.9% in Asia, partially offset by a decline of 9.5% and 6.3% in the…

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