Margin pressure may trigger earnings downgrades for Siemens in FY27
Siemens' Q1FY27 revenue met estimates, but commodity inflation, currency fluctuations and elevated input costs weighed on margins and profitability across segments
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The struggle to shut down the illegal tobacco trade
There's been an “explosion” in the sale of illegal tobacco in Scotland, according to Trading Standards.
Apax Lines Up About €1 Billion Debt to Buy Gerresheimer Units
Bankers are lining up about €1 billion ($1.2 billion) of debt financing to back Apax Partners’s purchase of two businesses from packaging firm Gerresheimer AG.
Uber to Cut 3,300 Jobs in Management Overhaul
Uber Technologies is cutting about 3,300 roles, or 10% of its staff globally, in a restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses.…