Zara owner Inditex forecast healthy sales as soon as lockdowns are lifted, after the coronavirus crisis knocked its net profit to 1.1 billion euros ($1.31 billion) in 2020, a drop of 70% on the previous year.
Business software maker Oracle Corp's cloud division reported quarterly revenue that missed analysts' estimates, on increased competition from Amazon.com Inc and Microsoft Corp for cloud services due to remote working.
Business software maker Oracle Corp's cloud division reported quarterly revenue that missed analysts' estimates, on increased competition from Amazon.com Inc and Microsoft Corp for cloud services due to remote working.
AMC Entertainment Holdings Inc said the roll-out of COVID-19 vaccines and the release of major movies, including Walt Disney Co's "Black Widow", would boost sales this year, sending the company's shares up 9%.
By Reuters Staff
1 Min Read
SAO PAULO, March 8 (Reuters) - Brazil car rental provider Movida on Monday objected to rival Localiza’s proposed takeover of Unidas, sending Localiza’s shares down by 8% in afternoon trading, making it the biggest loser in the Bovespa index.
Movida is asking Brazil’s antitrust regulator CADE not to approve the takeover, according to a securities filing. The three companies are the top Brazilian rental car companies and a merger would leave the market heavily dominated by just two players.
The deal was announced in September and sent Localiza’s shares soaring in the double digits.