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...The firm, which trades tens of thousands of products, including currencies, exchange traded funds and options, reported profits of $5.9bn in 2023 and $6.7bn in 2022....
...Non-store retailing, which includes online, contracted 1.5 per cent in March, while sales in department stores were down 3.8 per cent....
...The unemployment rate is just 6.1 per cent, up from 5 per cent in March 2022, shortly after Russia launched its full-scale invasion of Ukraine, but still “one of the lowest rates since reunification” in...
...Of the almost $1.7tn invested in dedicated small and mid-cap funds globally, nearly $1.3tn of it is invested solely in the US, according to Morningstar....
...On Monday, however, Apple’s first EU antitrust fine prompted the share price to drop 2.5 per cent....
...Sterling fell slightly following Ramsden’s speech, trading 0.4 per cent lower against the US dollar at $1.239....
...On the face of it, Kering’s deal does not look too bad. The group is getting 11,800 square metres, of which more than 5,000 is retail space....
...The bank bondholders were asked to accept a coupon of 1.5 per cent and longer maturities in return for retaining the par value of their original debt....
...Luxury gym chain Equinox has raised $1.8bn from a group of private capital investors to refinance $1.2bn in debt maturing on Friday, winning it financial breathing room after the pandemic pummelled its business...
...The Fed’s own “dot plot” forecasts show rate-setters, as of March, expected to make three cuts this year from the benchmark rate’s current 23-year high of 5.25 per cent to 5.5 per cent....
...Economic indicators: Inflation watchers will keep a close eye on research company Kantar’s latest monthly data for grocery market share and price inflation, with last month’s reading down 1.5 percentage...
...Yes, Alto Adige does have the highest fertility rate in Italy, at 1.51 for 2022, according to the Italian National Institute of Statistics....
...The bigger worry remains whether European carmakers can compete with Chinese rivals when it does....
...The Federal Reserve is unwilling to lower borrowing costs from current levels of 5.25 per cent to 5.5 per cent until it is confident price pressures have sustainably returned to its 2 per cent target....
...Still, that was an improvement on a €5.7bn loss in the previous year....
...The fact that China is acknowledged as most influential does not mean acceptance of them, similarly if it were the US.”...
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...Also on a multiple of sales, L Catterton’s offer looks underwhelming — just 1.7 times this year’s revenues. For reference, the buyout group recently floated Birkenstock at 5.5 times sales....
...The jump in NYCB’s share price since Wednesday’s announcement means the group has already made a paper profit of more than $1bn on its initial $1.05bn investment, according to Lex calculations....
...Special FT subscription offers for Life and Art podcast listeners, from 50% off a digital subscription to a $1/£1/€1 trial, are here: http://ft.com/lifeandart Read a transcript of this episode on FT.com...
...That means someone buying an averagely priced house on a five-year fix at 4.84 per cent and currently paying around £1,300 per month might be stress tested to make sure they can afford a 9.5 per cent interest...
...(c) Where does the king go, Yasser? Chess: 2354 1 R4xh5+ gxh5 2 Qc7+! (2 Rxh5+? Kg6! is only a draw) Kh8 3 Qe5+! Kh7 4 Rxh5+ Kg6 5 Qg5+ Kf7 6 Rh7+ Ke8/f8 7 Qe7 mate. Chess: 2353 1 Rh4! h6 2 Bh2!...
...The cuts have crimped production of crude by some 5.3mn barrels a day, or about 5 per cent of global supply....
...[Celebs/bosses] Risky Business [General Knowledge] 1....
...Production was 75,416 ounces of gold, while the company’s overall all-in sustaining cost almost doubled to $1,445 (£1,138) an ounce....
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