close
close

New champions crowned, new rivalries forged at the US Open


New champions crowned, new rivalries forged at the US Open

NEW YORK, Sept 9 (Reuters) – The U.S. Open, full of surprises and hungry, young challengers, was the latest sign that a new era has dawned in men’s tennis: 2024 will be the first time in more than two decades that none of the “Big Three” have won a Grand Slam title. Roger Federer had […]

Birkenstock misses quarterly profit forecasts as expansion plan hurts margins


Birkenstock misses quarterly profit forecasts as expansion plan hurts margins

Aug 29 (Reuters) – Birkenstock (BIRK.N)opens new tab Quarterly earnings expectations were missed on Thursday as the German sandal maker’s global expansion and production increases led to a decline in its margins, sending shares down 12% in early trading. Due to strong global demand and to increase sales through its own channels, where products are […]

Polish refinery Orlen reports losses in the second quarter due to tax payments and lower gas prices


Polish refinery Orlen reports losses in the second quarter due to tax payments and lower gas prices

WARSAW, Aug 21 (Reuters) – Polish oil refiner Orlen (PKN.WA)opens new tab The state-owned company suffered a loss of 40 million zloty ($10.42 million) in the second quarter, after posting a net profit of 6.1 billion zloty in the previous year. The reason for this was tax payments on increased profits and lower gas prices, […]