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...Microsoft took a board seat and 4 per cent stake in London Stock Exchange Group as part of a 10-year partnership....
...TJX reported $4.5bn in net income on revenue of $54bn last year, both a record high. Some shoppers just want cheap and plentiful stock, not slick software, when seeking designer clothes. pan.yuk@ft.com...
...To place it in context, the highest price reached at Christie’s sale of Chanel’s personal effects in 1978 was a suit, sold for $4,800; last November, a 1996 Chanel haute couture coat, designed by Karl Lagerfeld...
...A bespoke two-piece suit will cost from £4,500....
...Its $400mn convertible looks relatively cheap, yielding 4 to 4.5 per cent for a duration of 7.5 years. Viavi might have had to pay perhaps 8 per cent for a loan of similar size and duration....
...The average person in the UK spends £915.20 a year on clothes, according to 2022 data from the Office for National Statistics. And, in December 2023, the UK’s clothing inflation rate was 6.4 per cent....
...Botín’s total pay rose 4.3 per cent last year, with her €12.2mn package made up of €7.4mn in cash and €4.8mn in gross profit on shares and other special payments....
...According to Google, that makes it better suited than models such as GPT-4 to deal with the sort of everyday situations that rely on senses such as sight and hearing....
...Kroger accounted for 10.1 per cent, Albertsons had 6.4 per cent and Costco 9.2 per cent. Then there is the fast-growing online grocery space, which is dominated by Walmart and Amazon....
...But at only 4.4 per cent, according to Statcounter, its share of the global search market hardly represents a threat yet to Google, which has 89.5 per cent....
...GPT-4 had more parameters and required more power, so it would likely use more water, said Ren. Detailed information about the model’s energy use has not been made available....
...Millennium was up 12 per cent while the S&P 500 fell 19.4 per cent....
...The company’s shares have quintupled in value since chief executive Tommy Eklund took the reins in 2020, with its market capitalisation at about $4.6bn on Tuesday....
...Research from the University of Washington, Carnegie Mellon University and Xi’an Jiaotong University in August found that AI models, including OpenAI’s GPT-4 and Meta’s LLaMA, have different political biases...
...While Capital One trades at 1.4 times tangible book value, it will pay 2.6 times for Discover, inclusive of a 27 per cent premium owed to shareholders. (American Express trades at 6 times book value)....
...Its shares rose 4 per cent in after market trading on Thursday....
...Millennium and DE Shaw, which are multi-strategy firms, took joint second place in the all-time rankings, making $5.7bn and $4.2bn last year respectively....
...Corvex, another US activist hedge fund with roughly a 4.4 per cent stake in the bookmaker, last month called on the company to turn around an “unacceptable” performance....
...Funds operated by Wood’s firm Ark Investment Management LLC have bought about 216,000 shares of the company over investments made on Dec. 20 and Jan. 3, according to Ark’s daily trading data compiled by...
...The merged entity would operate more than 5,000 stores and approximately 4,000 retail pharmacies while employing nearly 700,000 staff across 48 states, the FTC said....
...The latest deal will give Argus an enterprise value of roughly $4.6bn, according to two people familiar with the matter....
...Douglas needs to raise €1.1bn to reduce net debt from the current 4 times ebitda to a more reasonable 2.7 times. The sooner the better, too....
...A case in point: Moore Global, a global network of more than 200 mid-size accounting firms with annual revenue that rose 15 per cent last year to $4.5bn, said more than half its revenue growth in 2023 came...
...For her, it’s important that clients have the same experience with the clothes as the original owners might have had....
...That was higher than both the 0.3 per cent increase in November and the 0.4 per cent figure that economists expected for December....
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