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...However, the lender’s private and corporate banks both suffered falling revenues....
...Net revenue rose 9.4 per cent to €6.8bn, ahead of the 7.2 per cent rise forecast by analysts....
...But underlying profits edged up 1.6 per cent to £701mn — at the top end of analysts’ consensus....
...Other, smaller houses including Balenciaga and Alexander McQueen also collectively posted a 6 per cent fall in sales....
...Shares rose almost 10 per cent in morning trading to about 2,743p, taking them up more than 30 per cent in the past 12 months....
...In its corporate and investment bank, which BNP has been building up, the deal advisory and financing teams drove a 6.1 per cent rise in “global banking” revenue, echoing a rebound on Wall Street....
...Of these, 6 bonds from 3 distinct issuers (Venezuela, Ghana and Lebanon) have defaulted—a startlingly high percentage....
...In Asia, Heineken recorded a 10.6 per cent drop in beer sales volumes, primarily because of an economic slowdown and stricter drink-driving rules in Vietnam, which accounts for just under 10 per cent of...
...Shares were up 4.8 per cent on Thursday to €409.10 in afternoon Paris trading....
...Shares in Citi fell 1.7 per cent on Friday, but less than those of rival JPMorgan Chase, which ended the day 6.5 per cent lower....
...At LVMH, considered the bellwether of the industry, sales in Asia outside Japan — dominated by greater China — dropped 6 per cent, indicating some weakness too....
...The world’s largest luxury group said like-for-like sales in Asia excluding Japan — which is dominated by the Chinese market — declined 6 per cent in the first three months of the year....
...Despite the woes of its manufacturers, Germany’s PMI reading rose above the 50 mark that separates growth from decline for the first time in 10 months....
...The charges are taken across the remaining nearly 10 years of the contracts, and the whole German rail business makes up less than 6 per cent of the group’s full-year earnings....
...Corporate updates: Investors will be watching Swedish fast-fashion retailer H&M’s quarterly results for signs it is on track to hit its target operating margin of 10 per cent, up from 6.2 per cent in 2023...
...Insolvencies rose to 53.7 per 10,000 active companies in 2023, up from 49.6 in 2022 — the highest level since 2014 — but this was still much lower than the peak rate of 94.8 per 10,000 active companies during...
...Other luxury groups were also pulled down, with LVMH and Richemont falling 1.6 per cent and 2.2 per cent, respectively....
...The drinks giant said its net revenues in the year to December rose 6 per cent to $45.8bn, driven by average price increases of 10 per cent....
...Companies made a net rate of return of 9.6 per cent in the three months to June, the Office for National Statistics said on Friday, down from a revised 10.7 per cent in the previous quarter and below the...
...One school of thought is that EV sales growth in Europe has, thus far, been from wealthy early adopters and corporate buyers....
...Waitrose’s sales rose 5 per cent to £7.7bn, driven by an average 6.6 per cent increase in prices. Sales at John Lewis were down 4 per cent to £4.8bn....
...Along with news that sales increased 8.6 per cent year-on-year to €10.4bn in the three months to the end of January — an acceleration from the previous quarter — the figures triggered a 5 per cent jump in...
...Analysts at Citi noted a weak performance in the Americas where sales were down 6 per cent year on year....
...Tellingly, drinkware sales at Yeti rose 6 per cent year on year in its most recent quarter. The market for insulated water cups is big enough to be filled by both Yeti and Stanley....
...Next year, Thales predicted comparable sales growth of 4 to 6 per cent. The company’s order intake stood at €23.1bn in 2023, roughly stable from the previous year....
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