Remy Faces Potential 20% Profit Drop on China
Nov. 26 (Bloomberg) -- Frederic Pflantz, CEO at Remy Contreau, discusses the company’s forecast for a substantial drop in profits from China due to a crackdown on lavish spending by the government and acquisitions that may interest the company. He speaks on Bloomberg Television’s “The Pulse.”
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Is Spain's Rajoy Stopping His Party Progress?
13:26 - Spain’s acting prime minister, Mariano Rajoy, should step aside to allow his bloc to modernize and boost its chances of leading the next government, according to a research group with ties to the party. Rajoy has become a barrier to new ideas within the governing People’s Party and he should give members a chance to vote on its future direction, according to Isabel Benjumea, director of the Floridablanca group in Madrid. Under PP rules, Rajoy should have called a party conference to endorse his position as leader more than a year ago. “It’s not only Mariano Rajoy,” Benjumea said in a Bloomberg Television interview with Anna Edwards on "countdown."