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...To be evaluated, companies must submit their products’ complete R&D documentation and code....
...Luxury Australian marque Aesop was sold to L’Oréal for $2.5bn in April and last month Natura agreed to sell The Body Shop to private equity firm Aurelius for a fraction of the price it paid in 2017, after...
...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
...Its scale means it can spread R&D spending and overheads over €41bn of turnover....
...L&G declined to comment....
...A Brazilian court has ordered iron ore producer Samarco along with its owners Vale and BHP to pay R$47.6bn ($9.7bn) in compensation for a dam collapse that triggered one of the country’s worst environmental...
...L&G said that it had written £13.4bn of pension transfer business globally so far this year....
...The fund’s other top holdings include Microsoft, L’Oréal, and luxury goods company LVMH....
...Della Valle is confident, however, that Connecticut-based L Catterton will boost Tod’s desirability and allow it to focus on investments in marketing and R&D, he told the Financial Times....
...Ebitda tumbled to R$363.6mn from R$1bn in 2021 as margins fell by more than half to 8.3 per cent. All three metrics have fallen another step lower in the first nine months of this year....
...What we’re also reading and listening to Law: David R Jones made Houston the nation’s insolvency capital before an undisclosed relationship forced his resignation and prompted calls for reform....
...L&G’s retail business was also “bolstered” by rising individual annuity sales....
...When their idol took the stage, the screams that greeted her would do justice to the word hysteria, yet what followed was not an evening of Taylor Swift pop or Ariana Grande R&B, but a set of bossa novas...
...Additional reporting by Adrienne Klasa in Paris Florasis has clarified that its R&D spend is Rmb1bn, not Rmb 10bn as originally stated...
...“We are expecting a similar number of large transactions to close in the second half of the year,” L&G said....
...Chaumet gold and diamond L’Épi de Blé de Chaumet ring, £10,200. Saskia Diez sterling-silver Long Star earring, €105 for a pair Paul Smith silk shirt, £425, and matching silk tie, £110....
...After visiting Bahrain, where the US Navy’s Fifth Fleet is stationed, the defence secretary will stop aboard the USS Gerald R Ford aircraft carrier, currently in the eastern Mediterranean, and also travel...
...The retailer’s declining sales continued in the third quarter, falling 13 per cent in constant currency terms to R$830mn....
...In an updated prospectus, Birkenstock said that it would sell stock at between $44 and $49 per share, which would raise up to $1.6bn for the company and its private equity owner L Catterton....
...One growing debate is what these changes might mean for the so-called neutral rate of interest, known as R-star, that neither stimulates nor suppresses growth....
...Earnings before interest, tax, depreciation and amortisation stood at R$23.3mn....
...Including dollar and rupee-denominated bonds, plus a financing facility from Howard Marks’ Oaktree Capital Management, Vedanta has to pay back close to $6.2bn in the next 18 months, said Lakshmanan R, senior...
...L&G’s shares fell more than 2 per cent following the news, against a broadly flat FTSE 100 index....
...Additional reporting by Ian Smith and Cynthia O’Murchu in London...
...To accompany an aperitif of R de Ruinart Brut champagne, guests for the new tasting menu at Rosewood London’s Mirror Room are being offered some rather curious nibbles....
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