Under Armour cuts annual revenue forecast
Under Armour Inc lowered its forecast for annual revenue for a second straight time on Monday, citing a stronger dollar and challenges in its direct-to-consumer strategy.
Ferrari raises 2019 outlook after solid third-quarter results, shares jump
Ferrari raised guidance for full-year results on Monday after what the Italian luxury carmaker described as “solid” results on all metrics in the third quarter on the back of strong sales of its Portofino and 812 Superfast models.
Trouble cooking? GrubHub, Uber Eats get pushback from restaurants on fees
In a letter to investors before its share price plunged last week, online food delivery service GrubHub Inc cited its profitable ties with small and medium-sized restaurants, saying they generate 80% of the orders on its platform.
Burger King’s India unit looks to raise 4 billion rupees in IPO
The Indian arm of U.S.-based Burger King filed for a local initial public offering (IPO) to raise up to 4 billion rupees ($56.6 million) on Monday, as it looks to open more restaurants in a country where international fast-food brands are gaining in po…
Apple pledges $2.5 billion to fight California housing crisis
Apple Inc on Monday said it would commit $2.5 billion to easing a housing shortage that has driven up prices across California, with most of the money dedicated to funds that will be run either with or by the state government.
Takeaway.com switches Just Eat deal structure as Prosus circles
Takeaway.com has changed its line of attack in the battle to buy food delivery ordering service Just Eat , effectively lowering the threshold for approval of its offer to fend off rival suitor Prosus .
Santander in 350 million pound deal for stake in UK’s Ebury
Santander has taken a 350 million pound ($453 million) majority stake in UK-based Ebury as part of a digital strategy to boost growth through new ventures, the Spanish bank announced on Monday.
China says no ‘promise fatigue’ on opening its economy
There is no “promise fatigue” about China’s efforts to open its economy to foreign businesses, the government said on Monday on the eve of week-long import fair, after the European Union said China needed to make rapid and substantial improvements.
Ryanair to seek divestments as part of IAG’s Air Europa purchase
Ryanair is to ask competition authorities to force British Airways owner IAG to make divestments as part of its purchase of Air Europa, chief executive Michael O’Leary said on Monday.
Ryanair growth to stall on further Boeing jet delays
Ryanair expects further delay to its Boeing MAX 737 deliveries and may still be without the jets next summer, it said on Monday after half-year results that gave the Irish airline’s shares a 7% uplift.
