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...Operating profit for the year rose 9.2 per cent to €8.14bn....
...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....
...Palazzo Passerini is a three-bedroom residence that can be booked on a B&B basis or bought out in exclusivity by a total of six guests....
...The group said like-for-like sales in the first quarter were down 2.3 per cent from the same period a year earlier, but had improved compared with the fourth quarter of last year....
...The family will hold “A” shares, each of which confer 5 votes, while outside investors will be offered “B” shares, which confer a single vote....
...The drive to Cardiff takes about 2 hours....
...No mention of the B-word, then....
...He also manages the remaining 20 ETFs in BondBloxx’s $2.5bn fixed income ETF suite, according to data from Morningstar Direct....
...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....
...So if you believe that we are going to draw by 2.5mn b/d [in the summer] you need some form of resupply to fill that gap,” she said....
...The “Digital Assets B” appear to be shitcoins, more or less, with the biggest position $362mn of Serum (as of Aug. 31). Also, big congrats to FTX after last month’s Grayscale court ruling, we guess?...
...Germany’s Dax and France’s Cac 40 both shed 0.2 per cent, while London’s FTSE 100 fell 0.3 per cent....
...Growth was slowest in L’Oréal’s luxury division, which improved 3.2 per cent....
...The company’s shares were down more than 2 per cent in morning trading in London....
...EQT-owned dermacare specialist Galderma, which on Wednesday announced its intention to raise $2.3bn, will find out....
...April 15-21, Via Guglielmo Pepe 16 L’Appartamento by Artemest Last year, Italian online furniture platform Artemest debuted L’Appartamento, an installation in a 1930s apartment that saw them ask six interior...
...Having started life as a joint venture between Nestlé and L’Oréal, Galderma was acquired by a consortium led by Swedish private equity group EQT in a $10bn deal in 2019....
...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...
...The IEA predicts oil demand will grow by 1.2mn b/d, about half the pace of 2023, while Opec believes demand growth will be higher at 2.2mn b/d....
...From bedding cut from white cotton sateen (from €1,200) and blankets (€2,800) to a pure cashmere bathrobe (€2,500) inspired by his belted trench coat, Browne has stuck to a very classic sensibility, defined...
...But projections from consultancy Inter B suggest that infrastructure investment this year will still account for less than 2 per cent of gross domestic product, down from just under 2.5 per cent a decade...
...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....
...Benin last week offered 2,000 troops for the mission, while Washington has promised to back it with $200mn. Canada has pledged $60mn....
...Kingfisher, the UK-based home improvement retailer with brands including B&Q, Screwfix and Brico Dépôt, warned that pre-tax profits would be lower than expected this year after like-for-like sales fell 2.2...
...However the weighted cost of debt is only about 2.5 per cent, so affordable....
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