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Related Special Reports
...BCG, which started investing in its AI business in 2015, has about 3,000 employees in its BCG X technology and design division....
...Most of the group’s business comes from China, where ByteDance runs TikTok sister app Douyin and a growing in-app ecommerce business....
...It mostly achieved the cuts via heavy discounting, which resulted in its adjusted gross margin falling 260 basis points to 40.3 per cent....
...Private-equity owned UK supermarket chain Wm Morrison has agreed a £2.5bn deal to sell its petrol forecourt business to sister company Motor Fuel Group, in a move that will help Morrisons shore up its balance...
...Early in 2023, the company said it could get 12,500-17,000 oz from the stockpiled ore, but managed 3,000 oz at a cost of $1mn a month....
...UK & Ireland sales grew by 3 per cent, although retail profits also fell by 8 per cent due to higher operating costs....
...2023 figures: consensus-beating revenue growth of 5 per cent (at constant currency) was met by a share price drop of more than 1 per cent in early trading, although by midday they’d recovered and were up 3...
...The leverage ratio sat at 2.1 times at the end of 2023, although the company expects this to increase to the lower end of its 2.5-3.0 times target range this year....
...Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
...Instead, Chinese consumers use Douyin, the sister app that features educational and patriotic videos, and is limited to 40 minutes per day of total usage....
...If the auto business is worth 3 or 4 times the multiple of a Stellantis or Volkswagen, then it would get a forward PE of, say, 20x....
...The £3.5bn remeasurement gains, some of which are related to hedge purchases, took pre-tax profit up to £6.5bn from a £383mn loss in 2022....
...Double-digit growth was posted at the key trade and retail channels against last year, with revenues up by 12.6 per cent and 12.3 per cent, respectively....
...Chinese carmakers’ product costs are €3,500-€5,000 per unit cheaper than European counterparts, says Fabian Brandt of Oliver Wyman....
...Exit channels are “in deep freeze”, and there are 28,000 unsold companies marked at $3.2tn piling up in buyout portfolios, 46 per cent of which are four years old or older....
...In North America, Mr Kipling cakes are now listed in almost 3,000 stores....
...Adjusted operating profit at the professional services group fell by 15 per cent in the period to £8.6mn, the dividend has plateaued at 3.3p, and the outlook for the rest of the year is hazy at best....
...In the year to August, content creation revenue dropped by 9.7 per cent to £137mn, a 15.3 per cent fall in organic terms....
...Total revenue rose by 5 per cent to $3.4bn (£2.7bn) in the period and adjusted operating profit was up by 6 per cent to $928mn....
...In aggregate, the group has experienced cost inflation of 3 per cent in the first half of 2023....
...Its same-store sales rose 6.3 per cent during the quarter. Efforts to fix Family Dollar have been costly. Many stores were in poor shape, bad locations and suffered from logistics problems....
...Only about one-third of available Airbnb rentals for the Paris area have so far been booked during the Olympics, according to data analytics group AirDNA, while 3,000 to 3,500 new listings are coming online...
...“We’re not a religion, we’re just all about women owning businesses, and we live a monastic lifestyle,” says Sister Kate, who founded the Sisters of the Valley in 2015, after being inspired to explore communal...
...Its operating margin stayed steady at 6.3 per cent. As in previous years, however, the higher-margin vehicle rental business faced issues....
...Revenues from operations rose 3 per cent in the quarter to $21bn, again better than analysts had expected....
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