Highlights: November 7, 2022 - November 11, 2022
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Grupo Bimbo to build new facility in Lowndes County, Georgia, create 295 jobs
Grupo Bimbo, a global baking company, will invest over $200 million to build a second production facility in Valdosta, creating 295 new jobs in Lowndes County, Georgia...Norway exported NOK 15.4 billion worth of seafood in October
Norwegian seafood worth NOK 15.4 billion was exported in October...Ryanair reports €1.37 billion H1 profits
Ryanair has revealed impressive figures for the first half of 2022, resulting in record profits...Philip Morris goes ahead with $16bn takeover of Swedish Match
Philip Morris International (PMI) said it was going ahead with its $16 billion plan to buy Swedish Match despite accept from owners with no more than 82.59% of shares in the Swedish peer...BioNTech Q3 revenues €3,461.2 million
BioNTech reported financial results for the third quarter ended September 30, 2022...Ritchie Bros. to buy IAA in $7.3 billion deal
Ritchie Bros. announced that they have entered into a definitive agreement under they will acquire IAA in a stock and cash transaction valued at approximately $7.3 billion including the assumption of $1.0 billion of net debt...Ritchie Bros. Q3 revenue increased 25%
Ritchie Bros. reported the results for the third quarter, for the three months ended September 30, 2022...UK and Kenya will accelerate climate projects worth $4.1 billion
The UK and Kenya will accelerate the implementation of climate projects worth 500 billion shillings ($4.1 billion)...Macquarie Group starts $2 billion global battery business
Macquarie Group has launched a battery storage business to take advantage of opportunities in electrification and grid investment around the world...Munich Re profit €527
Munich Re achieved a profit of €527m (366m) in Q3 2022, and a total of €1,903m (2,061m) in Q1–3...Bayer Q3 profit surges
Bayer reported that its third-quarter net income was 546 million euros, significantly higher than last year's 85 million euros...Fraport revenue up by 46.0 percent
Airport operator Fraport has significantly increased its revenue and operating key figures for both the third quarter and the first nine months of the 2022 fiscal year corresponding to the calendar year in Germany...Coca-Cola HBC Q3 net sales revenue up 26.9%
Coca-Cola HBC reported that its third quarter net sales revenue rose 26.9%...Georgia: Joon Georgia to build facility in Bulloch County, create 630 new jobs
Joon Georgi, an automotive parts manufacturer, will create 630 new jobs and invest $317 million in Bulloch County, Georgia...Choice Hotels International Q3 increased 28%
Choice Hotels International reported its results for the third quarter ended September 30, 2022...Schaeffler to cut 1,300 jobs as part of restructuring procedures
The Board of Managing Directors of Schaeffler decided on further structural measures to address overcapacity and reduce fixed costs, particularly in the Automotive Technologies division...Suzuki Q2 sales increased by 32.5%
Suzuki announced financial results for Q2...Fannie Mae Q3 total comprehensive income down 48%
Fannie Mae's Q3 earnings dropped both Q/Q and Y/Y as the mortgage giant's credit expense jumped, driven by lower actual and projected home prices, the company said...Marks & Spencer reports 23.7% fall in profits
Marks & Spencer warned of tougher trading ahead as it revealed that its half-year profits tumbled by nearly a quarter after soaring costs offset resilient sales growth...Vodafone sells part of Vantage Towers for up to €7.1bn
Following a competitive bidding process, Global Infrastructure Partners (GIP) and KKR have been selected by Vodafone Group to be the co-owners of the telco’s Vantage Towers in a deal that could net Vodafone up to €7.1bn and values the tower assets firm at €16.2bn, or €32 per share...Emirates H1 net profit record
The Emirates Group announced its half-year results for its 2022-23 financial year...Iberdrola plans $17 billion renewables investments
Iberdrola targets to invest €17 billion ($17 billion) in renewables in the next three years and reach 52GW of renewables capacity installed by 2025...Mowi recorded record revenues
Mowi recorded record revenues of 1 257 million euros in the third quarter of 2022...Norma Precision to create 600 jobs, invest $60 million in Bryan County, Georgia
Beretta Holding, through its subsidiary Norma Precision, will expand its footprint in Georgia and build a new manufacturing, assembly, and distribution facility in Bryan County...Bombardier to create 600 new jobs in Queretaro
Bombardier CEO of Bombardier Éric Martel announced that the company will increase its workforce in Queretaro, Mexico, which will result in the generation of 600 new jobs in the state...Lotus Pharmaceutical reported best Q3 ever
Lotus Pharmaceutical reported its financial results for the third quarter ended 30 September 2022...Toshiba Q2 profit down 75%
Toshiba reported a 75% slump in Q2 profit... ■