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Mondelez International Inc
EU set to fine Oreo maker Mondelez for blocking cross-border sales
...US confectionery giant Mondelez will be fined millions of euros as early as next month for restricting sales of its products between EU member states, according to three people with direct knowledge of the...
April 16, 2024
Travel & leisure industry
Spain supplants UK as top hotel investment destination amid buoyant demand
...Interest rate volatility because of inflation made investors nervous in dealmaking, as properties were held back from being put on sale pending more stability....
April 14, 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
LexNetEase Inc
‘World of Warcraft’ return to China will bring peace to NetEase investors Premium content
...Analysts estimate that NetEase, as the publisher of Blizzard games in China, made as much as 5 per cent of its total sales from Blizzard games before the partnership was terminated....
April 13, 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
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
Investments
Behold, the Basquiat bond
...diversification was the key to unlocking top-tier ABS ratings may be surprised to learn that loans to just five collectors make up nearly half of the $1.4bn portfolio underpinning the deal: DBRS’s pre-sale...
April 12, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Paramount Global
Skydance in exclusive merger talks with Paramount
Potential sale comes after Apollo’s $26bn offer was rebuffed
April 3, 2024
Tesla Inc
Tesla to cut 10% of global workforce
...The battery maker’s second consecutive decline in quarterly sales highlighted the impact the EV slowdown was having on key suppliers....
April 15, 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
Covid-19 vaccines
Hedge fund urges board shake-up at Novavax over struggling Covid vaccine
...In the letter, Shah complained about how competitor Moderna’s market value was 10 times 2024 sales, while Novavax’s market capitalisation was below its 2024 sales....
April 15, 2024
LexTesla Inc
Elon Musk is still intrinsic to Tesla’s future Premium content
Shares drop after car sales slip in first quarter
April 2, 2024
LexTikTok Inc
TikTok’s value would be cut in a forced sale Premium content
...A forced sale is likely to mean a much lower price. TikTok is also reportedly lossmaking. Valued on a sales multiple closer to lossmaking peer Snap, it would be priced at about $88bn....
March 14, 2024
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...Rising delinquencies as well as faltering retail sales growth will add to the pressure....
April 5, 2024
Cryptocurrencies
SEC seeks $2bn from Ripple Labs over sales of crypto tokens
...since Torres’s ruling, most or all of which seemed “akin to institutional sales”....
March 26, 2024
Apple Inc
Apple loses smartphone crown to Samsung as Chinese rivals gain ground
...Despite consumers increasingly opting for more expensive devices that they hope will last longer, Apple has experienced a slump in iPhone sales in China....
April 15, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Unhedged
What’s wrong with Apple? Premium content
...Sales growth is set to stay soft because of both the smartphone replacement cycle and weak sales in China....
April 2, 2024
BYD Co Ltd
BYD loses EV throne to Tesla as sales slip
...“It actually slowed down sales when that happened.”...
April 2, 2024
LexRetail sector
Home Depot has bet $18bn on US housing market paralysis Premium content
...Homeowners who have locked in on low mortgage rates are reluctant to sell, limiting the supply of houses for sale....
April 2, 2024
Tesla Inc
Tesla and BYD sales fall as concerns mount over electric shift
...of its sales, are “saturated products”....
April 2, 2024
News in-depthApple Inc
China’s love affair with Apple and Tesla hits rocky patch
...Data from research group Counterpoint shows that in the first six weeks of this year, Apple smartphone sales fell 24 per cent from a year earlier. Huawei sales, by contrast, were up 64 per cent....
March 10, 2024
Berkshire Hathaway Inc
Warren Buffett’s Berkshire Hathaway pares its stake in Apple
...The stock sales meant that the number of securities Berkshire held in its multibillion-dollar stock portfolio fell to 41 at the end of 2023....
February 14, 2024
LexCredit cards
Visa and Mastercard’s deal to cut fees is a hollow consumer victory Premium content
...Another 50 cents is collected by the merchant acquirer, or companies such as Block or Stripe that provide the shop’s point-of-sale service system....
March 27, 2024
Inchcape PLC
Inchcape to sell UK dealerships for £346mn
...Inchcape, which exports cars for global manufacturers across 40 countries, said it would use £100mn of the sale proceeds to buy back shares once the deal is completed, which is expected to happen during...
April 15, 2024
The FT ViewThe editorial board
The electric vehicle revolution is running out of steam
...Tesla’s sales drops came after it cut prices on existing models: its planned “Model 2” lower-priced EV is not due to go on sale until 2026, and may be in doubt....
April 10, 2024
ByteDance
ByteDance extends employee share buyback programme to non-US workers
...Share awards that employees received instead of cash bonuses become eligible for sale one year after they have vested, according to the documents....
April 11, 2024

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