BUSINESS

koda Auto Group reports a record revenue of €26.5 billion in 2023. The company achieved the sharpest rise in deliveries of the all-electric Enyaq family across all models (+52.1%), making it one of the top-selling BEVs in many European markets. By entering the Vietnamese and Kazakh markets, the Czech carmaker continued to implement its internationalisation strategy.
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2 years ago Read more at ŠKODA Storyboard

Edward Silva grew up wanting to be a chief executive. In 2018, he enrolled at Stanford Graduate School of Business with the goal of starting his own company. To do so, he’d have to raise a “search fund,” a pool of money from investors willing to bet that an ambitious young person with no track record will make them money.
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2 years ago Read more at The New York Times

Videos and pictures from WECT viewers show flames shooting out of the roof of the Holden Beach Trolley Stop on Jordan Boulevard. Firefighters arrived at the scene within minutes and put out the flames, then stayed on scene until just after 4:00 a.m. to extinguish and monitor hot spots.
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2 years ago Read more at WECT

89 awards were presented at the 2023/24 South West Tourism Excellence Awards. The annual event was the grand finale of 12 months of entry. Many have been nominated to represent the region in the national VisitEngland awards.
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2 years ago Read more at Business Cornwall Magazine

Iress’ mortgages business provides mortgage sales and origination software (MSO) and associated consulting services to banks and building societies in the UK. This sale is expected to complete in mid-2024 and is subject to approval. The proceeds from the transaction are set to repay debt, which stood at $320mn net in December of last year.
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2 years ago Read more at FT Adviser

Vodafone Group has agreed to sell its Italian business to Swisscom (SCMN) for €8 billion (€6.8 billion) It will return half of the proceeds to shareholders as a share buyback in the new financial year. At the time of writing, shares in the company are up 4% on the news, to 68p.
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2 years ago Read more at Morningstar

Notizie Di Jessica Mason San Miguel Corp (SMC) saw its net income for 2023 rise by a “robust” 67% due to volume growth across its key businesses. San Miguel Beer alone reported an 8% increase in consolidated sales to PHP147.30 billion (£2 billion), fueled by solid sales growth in both domestic and global markets. Alongside this, the beer segment posted a net income of PHP25.30billion (£358m) for the year, up 16% versus
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2 years ago Read more at The Drinks Business

Vodafone will return proceeds from the sale to investors through a share buyback. As part of the deal, Vodafone will continue to provide services to Swisscom for up to five years. The two companies said they were also exploring a closer commercial relationship outside Italy.
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2 years ago Read more at The Telegraph

This collaboration marks a significant milestone in the companies' relationship, allowing for expansion in the business-to-consumer (B2C) segment. The partnership will focus on various business fundamentals and key development pillars. This includes expanding B2C practices to B2B.
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2 years ago Read more at TradingView

Korea Zinc Inc., the leading global zinc and lead smelter, and LG Chem Ltd., South Korea’s top petrochemical producer, joined hands for the plastic waste recycling business in the US on March 14, 2024.Korea Zinc specializing in securing plastic waste and processing plastic waste from electronic devices.LG Chem plans to use its various technologies, which improve the quality of recycled plastic waste.
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2 years ago Read more at Korea Economic Daily