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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
Ferrari NV
Ferrari doubles Taiwan sales as chip entrepreneurs fuel demand
...Goratty Zhang, a marketing manager at Gama, Lamborghini’s dealer in Taiwan, said Lamborghini sales in the country had greatly expanded since the brand’s launch of SUVs in 2017 broadened its appeal to a larger...
March 25, 2024
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
Shein
Shein profits double to over $2bn ahead of planned listing
...Two people familiar with the progress of Shein’s application said they expected the China Securities Regulatory Commission and the Cyberspace Administration of China to approve the share sale in the coming...
March 31, 2024
St James's Place PLC
Underperforming loans to St James’s Place advisers more than double
...Widespread difficulties among SJP advisers in paying back their loans could put pressure on the company’s business model, which relies on these “business sale and purchase scheme” loans to retain clients...
March 8, 2024
News updates from March 12: US House votes through bill to ban TikTok; Geert Wilders announces he will not be Netherlands PM
Adidas sales in China return to double-digit growth
...Adidas sales in China will grow at a double-digit rate this year after surging 37 per cent in the fourth quarter of 2023, the world’s second largest sports brand said, as it recovers from the fallout of...
March 13, 2024
Live news: Cancer drug sales propel AstraZeneca to 18% revenue growth
Cancer drug sales propel AstraZeneca to 19% revenue growth
...The company repeated its guidance of double-digit growth in sales and earnings for the current year....
April 25, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Disrupted Times
China reveals a double dose of disappointing data
...China has revealed a double dose of disappointing data for the government’s ambition of reversing a gloomy economic outlook....
January 17, 2024
Greggs PLC
Greggs forecasts sales to double by 2026
...UK food-to-go retailer Greggs said it was on track to double sales by 2026 as the Newcastle-based group expects to open up to 160 new shops this year after adding 145 in 2023....
March 5, 2024
Hermès International SCA
Handbags and China demand boost sales at Hermès
...The Paris-based group maintained double-digit growth across all regions, including in Asia, excluding Japan, where sales expanded by 14 per cent....
April 25, 2024
Retail sector
Germany’s largest sports retailer doubles down on physical stores
...Intersport Deutschland last year reported a 5.7 per cent increase in sales to €3.5bn. Its online sales grew 21 per cent last year, albeit “from a low level”, he said....
April 3, 2024
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...As long as governments maintain 2035 targets to ban new combustion engine vehicle sales, a tipping point should still come....
April 23, 2024
North American prime property
Hot property: five homes for sale around Lake Michigan
...The lower level features a full-size bar, media room, fitness room, steam room and sauna. Why The house comes with nearly 400ft of private lakefront with a double-occupancy boathouse....
April 18, 2024
Electric vehicles
IEA bullish on electric vehicle sales in 2024
...Yet the IEA said the market was still growing strongly, with global sales in the first quarter of 2024 a quarter higher than the equivalent period in 2023....
April 23, 2024
Oil & Gas industry
Ithaca Energy agrees £750mn deal for most of Eni’s UK oil and gasfields
...The sale to Ithaca — which is majority owned by Israel’s Delek Group — includes British assets that Eni took on with Neptune....
April 23, 2024
Financial services
How’s the PE Winter looking?
...Last year, 80 per cent of exits were sales to corporate buyers ($271bn). The next most popular exit was sales to other PE firms ($62bn)....
April 25, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Apple Inc
Apple loses smartphone crown to Samsung as Chinese rivals gain ground
...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....
April 15, 2024
PDD Holdings
Temu-owner PDD doubles revenues to cap ‘pivotal’ year
...Since Temu’s 2022 launch, it has spent a total of Rmb100bn on marketing and sales across its businesses, according to the PDD results....
March 20, 2024
News updates from March 19: Bank of Japan ends negative rate era; Microsoft hires DeepMind co-founder
Gucci Asia sales plunge prompts profit warning from parent Kering
...Kering’s profit warning contrasts with confident messages from other luxury groups including LVMH and Hermès, which grew in the double digits in their most recent quarter despite a global slowdown in the...
March 19, 2024
Live news: Scottish power-sharing deal collapses over scrapped climate targets
Stellantis boss slams UK electric vehicle policy as ‘terrible’
...Carlos Tavares said the UK’s quota regime, which requires manufacturers to meet an annually rising EV sales target, was set at “double the natural demand of the market” and required carmakers to sell vehicles...
April 25, 2024
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
Gideon Rachman
Japan doubles down on the US alliance as China looms
...Japan will now allow overseas sales of a new fighter plane that it is jointly developing with Britain and Italy....
April 8, 2024
News updates from February 8: S&P 500 breaks through 5,000, Zelenskyy appoints new top general
Cancer drug sales help AstraZeneca to beat City forecasts
...Revenue was slightly ahead of analysts’ expectations, with oncology drugs making up more than a third of sales....
February 8, 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
FirstFT
FirstFT: Global M&A drought ends as blockbuster deals double in first quarter Premium content
...Pending home sales in the US are expected to have increased 1.5 per cent in February from the previous month....
March 28, 2024
News updates from November 1: Fed holds interest rates, CVC postpones European IPO plan
Toyota doubles operating profit as weak yen boosts sales
...Toyota more than doubled its operating profit in the second quarter on the back of a weak yen and strong sales, helping to send shares up as much as 6 per cent on Wednesday....
November 1, 2023

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