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...Royal Mail owner International Distributions Services has rejected a £4.5bn takeover approach by Czech billionaire Daniel Křetínský’s investment group, calling the timing of the bid “opportunistic”....
...Forensic accountants were unable to identify the owner of a bank account to which the ousted chief executive of Endeavour Mining, a West Africa-focused gold producer, instructed a $5.9mn payment, according...
...Kering said on Tuesday that it expected sales to improve in the second half of the year as the year-on-year basis of comparison eases and the Gucci rebound gains momentum....
...The owner of the B&Q, Screwfix and Castorama DIY chains has warned that profits will fall this year, piling pressure on the group to accelerate its turnaround plan....
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...Kering: The Paris-based owner of Alexander McQueen and Saint Laurent lost 14 per cent of its market value after it issued a rare luxury sector profit warning, on the back of falling sales at its Gucci brand...
...Treasuries rallied, with the yield on the two-year note down 0.03 percentage points to 4.67 per cent....
...[MUSIC PLAYING] Sonja Hutson That was Swamp Notes, the US politics show from the FT News Briefing. If you want to sign up for the Swamp Notes newsletter, we’ve got a link to that in the show notes....
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...That came with risks, as we now know, as well as massive rewards for the owners of capital....
...Mobico is the second-largest operator in North Rhine-Westphalia and one of the top five operators in Germany, but its business there has been affected by driver shortages and volatility in energy prices....
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...The Lex note “{Electric vehicles: charge sheet}”, January 15) makes the case for cheaper electric vehicles....
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...Shurgard, which describes itself as “the largest developer, owner and operator of self-storage facilities in Europe”, said it would pay 1,110p per share in cash to acquire Lok’nStore — a 15.9 per cent premium...
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...MG’s EV sales in India are a distant second to Tata, which controls roughly 70 per cent of the nascent market, according to GlobalData....
...Under the terms of the agreement, he is a seller at €43 per share — albeit only of a 10.5 per cent stake. He will keep 54 per cent. LVMH, which owns 10 per cent of Tod’s, will also keep its stake....
...In a most interesting piece on the challenges, old and new, of Donald Trump’s possible second term (“Trump on trade would be different in a second term”, Opinion, February 23), Soumaya Keynes notes among...
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...Kering has “a lot of hard work ahead”, noted Thomas Chauvet, analyst at Citi, saying that there was “greater-than-expected margin pressures at Gucci, Bottega Veneta and Balenciaga” in the second half of...
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