The German-headquartered Claas Group reported a 19% decrease in net sales for the 2024 financial year, totaling €5 billion, attributed to challenging industry conditions. Despite the decline, the company achieved an operating profit of €584 million and a net income of €253 million through cost management and strategic investments in R&D and production network modernization. Looking forward, Claas anticipates a moderate decline in sales for 2025 due to reduced farmer investments, producer price drops, and geopolitical uncertainties, highlighting the need for continued resilience and innovation in the agricultural machinery market.
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Senior MP Willie Jackson says Labour Government should’ve taken GST off meat to reduce cost of living
Senior Labour MP Willie Jackson has expressed that the party should have eliminated GST on meat products during its time in government to alleviate the high cost of living. This statement follows criticism of Labour's 2023 election policy, which proposed removing GST from fruit and vegetables, deemed complicated and ineffective. As tax policy discussions continue ahead of Labour's 2026 election policy announcement, Jackson acknowledged that communities feel abandoned by Labour amid rising food prices and...
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