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...Lengthy delays to a £3.2bn battlefield communications system have forced the British Army to extend the life of the ageing one it was due to replace by up to a decade, raising the risk of an enemy intercepting...
...These were down 6.2 per cent in the quarter on a like for like basis, against consensus expectations of 7.3 per cent growth, a big miss. The rest of its markets have been broadly fine....
...F1’s operating profit rose by 64 per cent to $392mn in 2023 from a year earlier, as revenues jumped to $3.2bn from $2.5bn....
...The region-wide Stoxx Europe 600 was down 0.1 per cent, as gains in the heavyweight luxury sector failed to offset a 7.3 per cent decline for cosmetics giant L’Oréal....
...Why start a new industry when just on the other side of the English Channel the superfood, the delicious Helix pomatia, commonly known as l’escargot, is waiting to provide us with omega 3 equivalent to salmon...
...Growth was slowest in L’Oréal’s luxury division, which improved 3.2 per cent....
...M&C Saatchi: Shares in the British marketing agency slipped 2.3 per cent after its full-year results showed a 2 per cent fall in revenues and a 10 per cent drop in profit before tax....
...publishing rate forecasts is that they could “overly condition market pricing, thereby de facto reducing its informational content”, pointing to research showing they have lowered US long-term yields by 1.3...
...Shepherdson argues that declining S&L tax revenue augurs poorly for future S&L spending, as this chart shows: It’s a reminder to investors that markets are sensitive to changes, not levels....
...Market Rotates on Fed Rate Cut ExpectationsIn the last 2 months of 2023, the number of expected rate cuts increased from 3 to 7. It has since fallen to 4½....
UK regulator outlines proposals to ease financial pressures on postal provider
...Most of the estimated 3,800 prisoners in the capital’s National Penitentiary escaped on Saturday, leaving the normally overcrowded jail mostly empty with no guards in sight....
...Some 15,000 people have been displaced by the recent attacks, the UN has said, while 3,800 inmates escaped from two prisons in jailbreaks this month....
...Less invigorating, however, were the 3,000 odd emails I returned to. It got me thinking about how technology makes taking a proper break from work more difficult. More on that below....
...French luxury group Kering’s€3.5bn acquisition of fragrance brand Creed fetched a multiple of about 23 times ebitda, while L’Oréal snapped up Aesop — the minimalist maker of high-end soaps — in a $2.5bn...
...Royal Mail could cut postal deliveries to as few as three days a week, as the UK’s communications regulator sets out options to cut costs at the struggling postal service....
...The Fédération de l’industrie Horlogère Suisse has released its export report for March 2024 and . . . hoo, boy....
...Dr John Warren Ipswich, Suffolk, UK Letter in response to this letter: Correcting your maths / From Paul L Colby, Alexandria, VA, US...
...Net public satisfaction with the institution is in negative territory, and the proportion expecting inflation to be above 3 per cent in the long term has also picked up since 2019....
...It was bought by French cosmetics giant L’Oréal in 2006 and later acquired for £880mn by Natura in 2017....
...candle, €174 Alaïa denim Archetypes jacket, £880 Dinosaur Designs resin large dish, £345, matchesfashion.com Johanna Ortiz beaded wood Marimba salt and pepper shakers, £285 for set, matchesfashion.com L’...
...Using national level S&L data back to 1955, we find that changes in revenues over the prior year account for 40% of the variance in S&L consumption and gross investment....
...The UK communications regulator has proposed a ban on inflation-linked price rises during the life of customer contracts for phone, broadband and pay-TV services....
...“We have ongoing communications with our regulators, as all the large banks do.”...
...But the Fed has been slow to change its neutral rate call: its longer run interest rate was over 4 per cent in 2012 and fell below 3 per cent only in 2016....
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