Brown-Forman named new executives and said it will cut about 12% of its global workforce, or roughly 648 jobs, as it undergoes a restructuring aimed to position the company for growth amid a choppy global spirits market.
The sportswear fashion retailer said higher sales over the festive period boosted revenue, but cited challenging market conditions for cutting its full-year guidance.
Clariant said it was served with a damages claim by BASF over alleged infringements of competition law on the ethylene purchasing market passed by the European Commission in July 2020.
The house builder said its 2024 private sales rate was ahead of last year’s and that underlying pretax profit will be at the higher end of expectations.
Ocado said revenue from Ocado Retail, its joint venture co-owned with Marks & Spencer grew sharply, driven by improved volumes and a record Christmas performance.
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