Europe Inc warns business is tough on home turf

LONDON/PARIS - Some of Europe's top companies, including Volkswagen and Unilever warned on Thursday that business in the region is increasingly tough, underscoring concerns that the full impact of high inflation and borrowing is now being felt by consumers.

"That is a feature of the inflation that we've had in our nutrition and our ice cream business," he said. Euro-zone business activity took a surprise turn for the worse this month as demand fell across the region, a survey showed earlier this week, suggesting the bloc may slip into recession. Orders were increasing slowly in the third quarter from the first half and should rise further in coming months, Chief Financial Officer Arno Antlitz said.

"We face now more challenges than we anticipated even until very recently," CEO Gilles Grapinet told analysts.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Canadian companies swept up in new climate disclosure rules in EuropeSome Canadian companies are starting to gather data, establish reporting systems and understand legal risks on the assumption that a version of the EU rules could also be adopted in other jurisdictions down the road
La source: globeandmail - 🏆 5. / 92 Lire la suite »