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News in-depthReckitt Benckiser Group PLC
Fight, settle or split? How a $60mn damages verdict is piling pressure on Reckitt
...Reckitt previously sought a sale of the business in 2022. Speaking to the Financial Times following the Illinois verdict, Licht did not confirm or deny that the company was exploring a sale again....
March 22, 2024
InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...A jump in sales at BCG’s AI division also partly offset a slowdown in other parts of the business last year amid a tougher economic backdrop....
April 23, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Mondelez International Inc
EU set to fine Oreo maker Mondelez for blocking cross-border sales
...US confectionery giant Mondelez will be fined millions of euros as early as next month for restricting sales of its products between EU member states, according to three people with direct knowledge of the...
April 16, 2024
Live news: EU launches probe into Chinese medical devices
Reckitt outstrips forecasts but baby formula lawsuit looms large
...Reckitt reported better than expected sales at the start of the year, but uncertainty remains over the potential liability from a US lawsuit about one of the consumer goods company’s baby formula products...
April 24, 2024
Retail & Consumer industry
Reckitt shares plunge after $60mn damages over baby formula
...The jury in an Illinois state court came to the conclusion that one of its formulas for premature babies, Enfamil Premature 24, which is manufactured by Reckitt’s US infant formula business Mead Johnson,...
March 15, 2024
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...Sales of battery electric vehicles (BEV) in Europe dropped 11.3 per cent year on year in March, the second fall in four months, according to figures this month. The timing of Easter played a part....
April 23, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Reckitt Benckiser Group PLC
Reckitt chief vows to overturn baby formula verdict
...The FT reported that the company previously sought a sale of the business in 2022. Licht neither confirmed nor denied that the company was exploring a sale....
March 18, 2024
Electric vehicles
IEA bullish on electric vehicle sales in 2024
...Sales of battery electric and plug-in hybrid cars could rise more than 20 per cent to reach 17mn this year, up from just under 14mn in 2023, and grow to account for as much as two-thirds of global sales...
April 23, 2024
Lex PopuliInvestments
If you like a company, should you buy its shares?
...Sparta, which also wants a review to look at a sale, might fare better with bidders. But there is little reason to think a deal will be struck now, after last year’s interest faltered....
April 19, 2024
Apple Inc
Apple removes WhatsApp from China store under pressure from Beijing
...iPhone sales plunged 24 per cent In the first six weeks of the year, according to a Counterpoint Research report....
April 19, 2024
Lex PopuliPersonal Finance
Athleisure shares appear out of shape
...Lululemon’s sales in mainland China were up 60 per cent year on year in the latest quarter on a constant currency basis, and now make up nearly a tenth of total sales....
March 29, 2024
Bitcoin
Traders swoop on bitcoin ‘cash and carry’ trade after ETF launches
...The open interest marker, a sign of the depth and liquidity of a futures market, has enabled CME to leapfrog Binance as the world’s largest exchange for trading derivatives of bitcoin....
January 27, 2024
LexDollar Tree Inc
America’s dollar stores are struggling Premium content
...Sales of higher-margin discretionary items like home decor were down 12 per cent....
March 19, 2024
The Art Market
Sotheby’s set to make record for Surrealist Leonora Carrington
...This month is the soft launch of VIV Arts, a sales platform to support artists and collectors of a more experiential bent....
April 18, 2024
Paramount Global
Skydance in exclusive merger talks with Paramount
...The $26bn value of Apollo’s takeover offer included debt....
April 3, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
LexTesla Inc
Robotaxis are not the solution to Tesla’s problems Premium content
...The focus on robotaxis seems an attempt to draw attention away from falling sales. Inventory is piling up. Tesla has 28 days of unsold supply, up from 15 days last year....
April 23, 2024
LexNetEase Inc
‘World of Warcraft’ return to China will bring peace to NetEase investors Premium content
...Analysts estimate that NetEase, as the publisher of Blizzard games in China, made as much as 5 per cent of its total sales from Blizzard games before the partnership was terminated....
April 13, 2024
LexReckitt Benckiser Group PLC
Reckitt’s baby formula woes will stoke calls for a break-up Premium content
...Reckitt, which was rumoured to be considering a sale of its infant nutrition business in 2022, would probably struggle to find willing buyers for it today....
March 18, 2024
LexTesla Inc
Elon Musk is still intrinsic to Tesla’s future Premium content
...EVs are still more expensive to make than petrol cars, partly because of the high cost of minerals required for their batteries....
April 2, 2024
North American prime property
Hot property: five homes for sale in Chicago
...Why Great for boating, the estate has 700ft of private beach access on Lake Michigan....
October 19, 2023
News in-depthCovid-19 vaccines
Covid vaccine makers to clash in London over mRNA patent dispute
...Moderna generated sales of $18.4bn in 2022 from its Spikevax vaccine....
April 22, 2024
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...Credit cards accounted for less than 5 per cent of total sales at the three companies in 2022....
April 5, 2024
Tesla Inc
Tesla shares rise on plans to accelerate launch of ‘more affordable’ models
...revenue amid a sharp fall in sales....
April 24, 2024
LexTikTok Inc
TikTok’s value would be cut in a forced sale Premium content
...Valued at a Meta-like multiple of trailing sales, TikTok’s enterprise value might be close to $184bn....
March 14, 2024
Cryptocurrencies
SEC seeks $2bn from Ripple Labs over sales of crypto tokens
..., alleging the company made billions in XRP sales since Torres’s ruling, most or all of which seemed “akin to institutional sales”....
March 26, 2024

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