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...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....
...“I should have done some work on Apple,” he lamented on CNBC’s Squawk Box last year....
...Tesla argued in its proxy filing last week that the state of incorporation was irrelevant to shareholder value. We are about to find out. sujeet.indap@ft.com...
...The company had expected to expand flying capacity up to 5 per cent more than last year. Now it expects capacity to grow no more than 3 per cent....
...Its US business delivered its first full year of profitability last year....
...Last month, Cook opened Apple’s largest store in Asia in Shanghai, demonstrating the brand’s commitment to the market despite falling sales....
...Last week, Dollar Tree announced plans to close down nearly 1,000 — or 12 per cent of — Family Dollar stores....
...Delta Air Lines last week raised the price of checking in a first bag from $30 to $35....
...One scoop to start: Apollo has sold a stake in the lending business it acquired from Credit Suisse last year shortly before the Swiss bank’s shotgun rescue by UBS, securing a multibillion-dollar investment...
...While the ticketing business generated just 13 per cent of group revenue last year, it accounted for 60 per cent of total adjusted operating income (AOI)....
...Virtu’s CEO Doug Cifu made us a promise last year, when we wrote about how 2022 had seen a record amount of CEO swearing on conference calls....
...A disagreement last year over intellectual property control resulted in them suing each other, Microsoft ending their partnership and the game being taken offline....
...Kohl’s suggested last month that it could take a $250mn to $300mn hit to its annual credit card revenue as a result of the late fee cap....
...The question is how long the breathing space will last. The industry is divided over what recent data tells us....
...Roe (chief financial officer): We’re not chasing the last dollar. We’re being disciplined, and I think this year is a great testament to that....
...In the US, merchants paid a record $172bn in processing fees to accept $11.2tn in card payments last year, according to the Nilson Report....
...The report followed last week’s US data showing a 16 per cent decline in deal volumes in the first quarter from a year earlier....
...Tesla has 28 days of unsold supply, up from 15 days last year. This may be connected to rising competition and the reduction of US government subsidies, two factors over which Tesla has no control....
...Sotheby’s debut ABS deal is a slicker operation than another example art securitisation FT Alphaville wrote about last month....
...“Tokenisation can be seen as the next evolution of financial markets, similar to the ETF wave of the last two decades,” Gautam Chhugani, an analyst at Bernstein, wrote last month....
...Last year, UK regulators proposed to reintroduce a cap on cross-border card fees, after Mastercard and Visa increased charges on businesses after Brexit....
...When the deal was announced last summer, there was little concern that the combination would be blocked. Shares of Capri traded up to $54 per share, just short of the $57 deal price....
...Tusk’s new government has claimed that Glapiński abused his powers to try to help the PiS party win last October’s election....
...Some 76mn passengers passed through Istanbul last year, slightly lower than Heathrow’s 79mn....
...The company’s operating income surged 54 per cent in the first quarter as it added 9.3mn subscribers worldwide, proving that the efforts to reduce password sharing it launched last year have had more lasting...
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