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Cranberry Journal

Wednesday, October 28, 2026

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At the close · Oct 28

Europe

Tagged stories

A grey single-storey warehouse with blue LKQ and Euro Car Parts signs above a loading door, white vans parked along its side and two cars in the forecourt.
Business

LKQ Replaced Its Chief Executive as Its European Margin Fell to as Little as 4.1 Per Cent. His Successor Gets $15.3 Million to Sign On.

LKQ, the auto-parts distributor, said on 23 October that Justin Jude has left as chief executive and that Salvatore Abbate, former head of Veritiv, will succeed him on 15 December. It withdrew its 2026 guidance and said preliminary third-quarter adjusted earnings fell to $0.47 to $0.53 a share from $0.84, with Europe's margin roughly halved. Full results are due on 29 October.

By Margaret Holloway  

A basket of french fries on a wooden table.
Business

Fast-Food Traffic Fell. Lamb Weston Sold 7 Per Cent More Fries in North America, Helped by the Chicken Chains.

Lamb Weston, a leading supplier of frozen fries to restaurant chains, grew North American sales volume for a seventh consecutive quarter even as fast-food traffic fell. Its executives credit chicken chains, whose traffic rose 4 per cent, for part of the gain. In Europe, where it says the industry had too much capacity, it has stopped making fries at a Dutch plant.

By Cory Chamberlain  

A worker guiding a crane lifting a bundle of steel tube in a distribution warehouse.
The Long View

The Number Arrived With the Coffins

Eurometal says 300,000 European manufacturing jobs will go before the end of this year, and marked the claim by carrying ten coffins around the European Commission. The stunt makes the figure easy to discount. The cost gap underneath it does not depend on the stunt being fair.

By Cory Chamberlain