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Painful high rates wake-up call threatens global markets | Hellenic Shipping News Worldwide

Painful high rates wake-up call threatens global markets | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Supermarket Group Ahold Delhaize Reassures Investors With Cost Cuts

Ahold Delhaize has reported a stronger than expected fourth-quarter operating margin and said it will maintain 'a relentless focus on cost' to protect profitabi.

Supermarket group Ahold Delhaize reassures investors with cost cuts

Supermarket group Ahold Delhaize reported a stronger than expected fourth-quarter operating margin on Wednesday and said it will maintain "a relentless focus on cost" to protect profitability as slowing food inflation pressures grocers. The group, which operates chains including Stop & Shop, Food Lion and Hannaford in the United States and Albert Heijn and Delhaize in the Netherlands and Belgium, reported an underlying operating margin of 4.3% for the fourth quarter, beating analysts' expectations of 4%. In November, Ahold Delhaize trimmed 2023 earnings guidance after flagging margin weakness in the United States after two years of inflation-driven profit gains across the sector.

Drugs group Sanofi makes Olympic jump in rebrand bid

Sanofi is hoping that by sponsoring the Olympic Games it can attract new talent, reward existing staff and shake off the French drugmaker's conservative image. Sanofi, which some estimate is spending tens of millions of euros on the Paris Games, says it has sometimes struggled to convince prospective young data managers and data scientists that a pharmaceuticals company is a "cool" place to work. "We're using the Olympics to show that we are," said JosepCatlla, head of corporate affairs at Sanofi, which is also supporting popular French breakdancer Dany Dann.

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