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WPP PLC
Ogilvy forms health influencer unit to target ‘new frontier’ in marketing
...“Like consumer and business audiences, authentic credibility has overtaken hard sales when it comes to increasing trust and business growth,” he added....
April 23, 2024
InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...A jump in sales at BCG’s AI division also partly offset a slowdown in other parts of the business last year amid a tougher economic backdrop....
April 23, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
TikTok Inc
TikTok’s US revenues hit $16bn as Washington threatens ban
...China has said it “firmly opposes” any forced sale of TikTok, and in 2020 rolled out new export controls designed to give Beijing the power to sign off on any sale or divestiture....
March 15, 2024
Travel & leisure industry
Spain supplants UK as top hotel investment destination amid buoyant demand
...The survey underscores the broadly buoyant mood in the hospitality sector that has driven a return to dealmaking after the pandemic....
April 14, 2024
Polestar
Hertz pauses plans to buy electric vehicles from Polestar this year
...There is a “clear intention” to restart large-scale sales to Hertz in the future, but the two companies would “have to review at the time” whether sales restart in earnest in 2025, Ingenlath said....
February 5, 2024
Electric vehicles
IEA bullish on electric vehicle sales in 2024
...China dominates manufacturing, making more than half of all electric or plug-in hybrid cars, compared with just 10 per cent of traditional engine-driven vehicles....
April 23, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Prudential PLC
Prudential chief says China momentum returning after joint venture sales dive
...The result was driven by a recovery in sales in Hong Kong, which more than trebled from the previous year, lifted by the return of mainland Chinese visitors after the border reopened following the pandemic...
March 20, 2024
Live news: Thames Water pushes up spending promise by £1.1bn
Asda drives up sales amid cost-of-living squeeze
...Asda, the UK’s third-largest supermarket, posted an increase in sales and profits last year driven by a boost in sales during the cost-of-living squeeze as the chain beefed up its budget range....
April 22, 2024
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...One school of thought is that EV sales growth in Europe has, thus far, been from wealthy early adopters and corporate buyers....
April 23, 2024
UK retail sales
British retail sales stagnate as shoppers cut back on groceries
...Overall sales across the three months to March were up 1.9 per cent, driven by the strong sales growth recorded in January....
April 19, 2024
BYD Co Ltd
BYD loses EV throne to Tesla as sales slip
...While Tesla sales growth has been driven by its Model 3 and Model Y cars, the group is not expected to release its next mass-market vehicle until late in 2025....
April 2, 2024
Lex PopuliInvestments
If you like a company, should you buy its shares?
...Sparta, which also wants a review to look at a sale, might fare better with bidders. But there is little reason to think a deal will be struck now, after last year’s interest faltered....
April 19, 2024
News updates from March 21: US accuses Apple of building a smartphone monopoly; Reddit soars in New York IPO
US existing home sales jump to one-year high
...On an annual basis, sales declined 3.3 per cent....
March 21, 2024
Unhedged
What’s wrong with Apple? Premium content
...A recent report from UBS estimated that iPhone sales fell 4 per cent in February from a year ago, driven by a 9 per cent decline in the US and a 16 per cent decline in China....
April 2, 2024
Live news: EU votes to leave treaty seen as protecting fossil fuels
Prada group revenues rise 16% as Miu Miu attracts younger customers
...Prada group’s revenues grew 16 per cent to €1.2bn in the first quarter compared with the same period last year, driven by sales at its youth-focused brand Miu Miu, adding to a mixed set of results for luxury...
April 24, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
Lex PopuliPersonal Finance
Athleisure shares appear out of shape
...Lululemon’s sales in mainland China were up 60 per cent year on year in the latest quarter on a constant currency basis, and now make up nearly a tenth of total sales....
March 29, 2024
Apple Inc
Apple removes WhatsApp from China store under pressure from Beijing
...iPhone sales plunged 24 per cent In the first six weeks of the year, according to a Counterpoint Research report....
April 19, 2024
News updates from March 20: Fed signals 75 bps of 2024 cuts; Reddit prices shares at top end of IPO range
Prudential reports jump in new business as sales in Hong Kong surge 270%
...Sales in Hong Kong last year jumped more than 270 per cent, driven by the return of mainland Chinese visitors after the territory’s borders reopened post-pandemic, with savings products accounting for the...
March 20, 2024
News updates from March 4: US Supreme Court rules Trump can remain on Colorado ballot; aviation regulator finds compliance issues at Boeing
SUVs and hybrids boost Ford car sales by 11% in February
...Ford sales rose nearly 11 per cent in February compared with a year earlier, driven by sales of sport utility vehicles and hybrids. The company sold about 174,000 cars, trucks and SUVs last month....
March 4, 2024
News updates from February 16: Russian opposition leader Alexei Navalny dies, Trump ordered to pay more than $350mn in New York fraud case
Great Britain retail sales rebound in January
...January’s increase, which was driven by food stores, exceeded the 1.5 per cent month-on-month rise forecast by economists polled by Reuters....
February 16, 2024
Inside BusinessJune Yoon
BYD’s $230,000 electric sports car signals plan to take on VW and Toyota
...The model’s battery-only driving range of 68 miles is enough to cover the average of 18 miles a day that cars in the UK are driven. The timing is opportune. Hybrid sales are surging around the world....
March 5, 2024
Google LLC
Google streamlines structure to speed up AI efforts
...In particular, Microsoft’s $13bn partnership with OpenAI, which has given it access to the much-hyped ChatGPT model, has been a blow to Google and has driven its rival to become the most valuable listed...
April 18, 2024
LexDollar Tree Inc
America’s dollar stores are struggling Premium content
...Sales of higher-margin discretionary items like home decor were down 12 per cent....
March 19, 2024
News updates from February 14: UK inflation holds steady, Uber debuts $7bn share buyback
Bloomsbury Publishing lifts profit and sales forecast
...The company said sales were driven in part by the latest work of fantasy fiction author Sarah J Maas, which topped the charts across the UK, US and Australia, while also boosting demand for the previous...
February 14, 2024
The Art Market
Sotheby’s set to make record for Surrealist Leonora Carrington
...Poly’s main sale of Modern and contemporary art was within estimate at HK$68mn (including fees) on April 7, though its equivalent sale last year made HK$148mn....
April 18, 2024

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