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...Enjoy your weekend, Elaine MooreDeputy head of Lex...
...GymGroup, with 233 sites and 850,000 members, reckons to be on track for revenues growth of 4-5 per cent this year, after an 18 per cent jump last year....
Tax preparer Intuit’s market valuation bigger than Goldman Sachs after becoming unexpected beneficiary of AI enthusiasm
...On that basis, its $18.25bn acquisition of speciality building products supplier SRS Distribution, including debt, offers good news and bad....
Elon Musk sends confusing message on earnings call
European carmakers should use this market slowdown to play catch-up with Chinese rivals
Familiarity bias can work both ways for investors
...Revenues at the company, of €4.1bn in the year to September, are expected to grow at 7 per cent a year, with ebitda margins reaching 18.5 per cent....
The FTC has defined a specific market of accessible luxury it says will be harmed if the deal goes through
People in the US are being squeezed to such an extent that they are spending less altogether
...Elaine MooreDeputy head of Lex...
An unwinding of the Ticketmaster deal no longer looks far-fetched
...Its streaming service has about 18.5mn active users and the company made $28mn in net income on $1.68bn of revenue last year. But it shows Walmart is serious about building a rival to Amazon Prime....
...Revenue growth for the year, which once hovered between 18-20 per cent, came in at just 8 per cent. The slowdown is most notable in its main branded payment business....
...That is borne out by the performance of Brunello Cucinelli, master of Italian understated luxury and of the $1,000 knit T-shirt, which posted an 18 per cent increase in quarterly sales....
But the boost to liquidity can prove shortlived
...Spotify is 18 years old, provides the soundtrack to our lives and is still not profitable. Have a great week, Helen ThomasHead of Lex...
Admonitions about staff trading in their employer’s shares may now need to be broadened
Shares drop after car sales slip in first quarter
...Lex calculations suggest the programme could have accounted for as much as 70 per cent of Delta’s net income in 2023....
Credit card holders accustomed to fancy perks are in for a rude awakening
The gaming giant once made as much as 5% of its total sales from Blizzard games
Markets can be corrupted and are not fail-safe alone
Investors should take a hard look at the core retail business and reset their expectations accordingly
...Have a great weekend, Helen ThomasHead of Lex...
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