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...The luxury brands are among more than 500 unsecured creditors to Matches, the ecommerce site bought by Mike Ashley’s Frasers group in December and which was placed in administration last month....
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...Widerström, a veteran of the online gambling industry who was installed as chief executive in October, is trying to revive the fortunes of the indebted group that has been blighted by compliance failings...
...The $335mn settlement with the class action group is to be paid in instalments and is supposed to be tax deductible, further mitigating the company’s burden....
...Sales momentum slowed in the second half of the year, however, and despite the uptick in sales, industry data show that Asda has consistently underperformed its bigger rivals Tesco and J Sainsbury....
...The Paris-based group said on Tuesday evening that it expected a decline of between 40 to 45 per cent in first half operating income compared with 2023 as it released first-quarter results that showed group...
...Denver-based entertainment group OVG announced plans for the 23,500-capacity arena four years ago, marking its first arena investment in the UK....
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...ASML, the chip manufacturing equipment supplier, said the semiconductor industry was on track to recover in the second half of the year, even as it reported a 21 per cent drop in sales and lower-than-expected...
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...The French government sold down its stake in FDJ to 20 per cent when the group floated in 2019, saying that privatisation would help to rejuvenate the lottery operator....
...By contrast, concert promotion, by far Live Nation’s biggest division with 82 per cent of group revenue, pulled in only 17 per cent of total AOI....
...It posted revenues of £23.8mn in the six months to September 30 last year, up 6 per cent year on year, and an underlying group loss before tax of £4.2mn....
...Jonathan Munemo Professor of Economics, Salisbury University, MD, US International Affairs Fellow, Council on Foreign Relations Eugene Bempong Nyantakyi Chief Research Economist, African Development Bank Group...
...Group revenue edged up 2 per cent to £9.7bn....
...The group has more customers for its £10,000 handbags than it actually produces....
...Only about one-third of available Airbnb rentals for the Paris area have so far been booked during the Olympics, according to data analytics group AirDNA, while 3,000 to 3,500 new listings are coming online...
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