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...The antitrust regulator on Monday alleged that the acquisition would eliminate “head-to-head” competition among the groups’ brands, including Capri’s Michael Kors as well as Tapestry’s Kate Spade and Coach...
...Tapestry owns Coach and Kate Spade while Capri sells Michael Kors. When the deal was announced last summer, there was little concern that the combination would be blocked....
...Shares of Coach’s owner Capri traded up to $54 per share. Now they’re below $37....
...The new owners initially replaced Thomas Tuchel, the coach who led the club to Champions League victory in 2021....
...Mobico said its net debt was broadly unchanged compared with the previous year....
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
...BlackRock’s iShares arm topped the quarterly flows league with €14.1bn of net sales, ahead of DWS’s Xtrackers business and Amundi, which respectively attracted €8bn and €5bn of net new money....
...“All of that then leads you to a view of net zero happening later,” Grant Dougans, a partner at Bain, told Energy Source....
...It booked net income of ¥166bn, compared with ¥93bn in its last financial year....
...Bloomberg in 2021 estimated his net worth at more than $1bn. Handler started his career at Jefferies 34 years ago as a trader, and became chief executive in 2001....
...Those figures, as well as adjusted net income of $1.47bn, all beat the expectations of analysts polled by Bloomberg....
...Citi reported net income of $3.4bn in the quarter, down 25 per cent from a year ago but better than the $2.3bn that analysts had forecast....
...Full uptake of biosimilars would lose PBMs 84 per cent of the $2.1bn in net profits they were making from Humira, it estimated....
...The latter, whose core customers are lower income Americans living in rural areas, eked out a 0.7 per cent rise in same-store sales but suffered a 39 per cent drop in net income during the fourth quarter...
...But even without their net inflows of $11bn in the three months to the end of March, active ETFs as a whole still attracted record amounts of investor money....
...High net worth investors who can buy without debt have powered the bulk of recent transactions — although they are generally limited to smaller deals....
...And net-net the winners are not the gamblers but the casino....
...We also excluded companies with a free float of less than 75 per cent and those with leverage ratios — net debt to ebitda — of more than three times....
...Having Blizzard game licences in its portfolio is not just about the boost to its net income. Crucially it gives NetEase an edge over Tencent, its biggest local rival....
...In 2021, she hired a gruff Texan and former NFL tight end Dan Campbell to coach the Lions....
...In the year to February, it generated net sales of $1.7bn and pre-tax profit of $131.6mn....
Cryptocurrency down 16% from its peak as net fund flows turn negative
...SAP’s announcement “does go to show this is not a net job loss; it’s more of a reskilling”, said TD Cowen analyst Derrick Wood....
...Both of these fields are likely to be test cases for the ease of developing new oil and gas assets in the UK despite pressure to reduce carbon emissions in line with the country’s net zero commitment....
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