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...Frédéric Arnault said in the interview that the three brands he will lead had sales of about SFr1.6bn (£1.5bn) last year....
...Fourth-quarter sales volumes in China declined 3.1 per cent, which the company said was due to “weaker consumer confidence”, but revenue grew by 11.1 per cent....
...Inchcape shares traded on the London Stock Exchange rose 5 per cent per cent on Monday....
...BDS for as much as €1.8bn....
...The monthly uptick was largely driven by supply, with inventory jumping to 1.07mn units in February, up 5.9 per cent from January and 10.9 per cent from a year earlier....
...Retail free cash flow, which was down slightly at £2.06bn this time around, is expected to come within the target range of £1.4bn-£1.8bn....
...The company raised its sales outlook for the full year ending in March 2024 by 1.6 per cent. It now expects net income for the period to hit $5.8bn — 2.3 per cent higher than it estimated in August....
...Its initial proposal is for an allocation of up to 5 per cent, or almost $80bn — alone more than all of Apollo’s private equity business....
...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....
...Upon the completion of the Italian and Spanish sales, Vodafone will have reduced leverage, from about 2.5 times 2024 ebitda to about 1.8 times the ebitda of its remaining units....
...An offer would place an enterprise value of between €1.5bn and €1.8bn on BDS, the French group’s big data and security unit, it said....
...The electric vehicle arm of Lotus has disclosed a $353mn half year loss and warned about risks to its business from the Chinese government, in a filing ahead of its planned $5.5bn stock market listing....
...Nickel, a key ingredient in electric vehicle batteries and steelmaking, advanced 1.5 per cent....
...Its shares have fallen about 5 per cent this year at a time when most of its Big Tech rivals have reported double-digit percentage stock gains....
...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....
...Port Talbot is the UK’s biggest emitter of carbon dioxide; the revamp will reduce total UK emissions by 1.5 per cent. The government is contributing £500mn towards the £1.25bn investment....
...Some analysts predict steeper declines with the National Institute of Economic and Social Research forecasting inflation will hit just 1.5 per cent in April....
...Unit case volumes fell 1 per cent in the full year as a result of lower demand for Coca-Cola’s water, sports, coffee and tea business....
...As the 10th-largest Chinese EV battery maker, REPT has had its market share decline from 1.7 per cent in 2022 to 1.2 per cent in the first six months of this year, as bigger rivals such as CATL and BYD grow...
...While UK public sector net investment is relatively high as a share of GDP, at 2.6 per cent in the current year compared with 1.5 per cent 10 years earlier, the Treasury has now pencilled in a cash-terms...
...On a per unit basis, the cap for April to June will be 24.5 pence per kilowatt-hour for electricity with a daily standing charge of 60.1 pence, and 6.04 pence per kWh for gas with a daily standing charge...
...NN Group: Shares in the Netherlands-based firm rose 4.1 per cent after it announced a €300mn settlement with a number of consumer groups over sales of unit-linked insurance products and said it planned a...
...Morgan Stanley again: By 2025, we forecast Cybertruck will account for less than 5% of Tesla revenues and closer to 0% of profit....
...This year’s cuts, which at €1.95mn are twice as high as the previous year, reflect the disruption at Deutsche Bank’s domestic retail unit....
...Along the 1,340km-long border with new Nato member Finland, a new army corps would probably consist of “two or three manoeuvre units with around a dozen fire support and combat support units”, the report...
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