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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
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
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
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...One school of thought is that EV sales growth in Europe has, thus far, been from wealthy early adopters and corporate buyers....
April 23, 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
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
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
Retail sector
Germany’s largest sports retailer doubles down on physical stores
...Intersport Deutschland last year reported a 5.7 per cent increase in sales to €3.5bn. Its online sales grew 21 per cent last year, albeit “from a low level”, he said....
April 3, 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
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
The Art Market
Sotheby’s set to make record for Surrealist Leonora Carrington
...Poly’s main sale of Modern and contemporary art was within estimate at HK$68mn (including fees) on April 7, though its equivalent sale last year made HK$148mn....
April 18, 2024
Paramount Global
Skydance in exclusive merger talks with Paramount
Potential sale comes after Apollo’s $26bn offer was rebuffed
April 3, 2024
FT MagazineRobert Shrimsley
When AI-powered means rebranded rip-off
...The AI-powered vacuum cleaner uses advanced technology to identify different floor surfaces....
January 19, 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
LexTesla Inc
Elon Musk is still intrinsic to Tesla’s future Premium content
Shares drop after car sales slip in first quarter
April 2, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...Rising delinquencies as well as faltering retail sales growth will add to the pressure....
April 5, 2024
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
LexTikTok Inc
TikTok’s value would be cut in a forced sale Premium content
...A forced sale is likely to mean a much lower price. TikTok is also reportedly lossmaking. Valued on a sales multiple closer to lossmaking peer Snap, it would be priced at about $88bn....
March 14, 2024
Tesla Inc
Tesla shares rise on plans to accelerate launch of ‘more affordable’ models
...“Global EV sales continue to be under pressure as many carmakers prioritise hybrid over EVs.”...
April 24, 2024
Cryptocurrencies
SEC seeks $2bn from Ripple Labs over sales of crypto tokens
...since Torres’s ruling, most or all of which seemed “akin to institutional sales”....
March 26, 2024
LexCurrys Group PLC
Currys: dual cyclone sucks for high street sales vacuum gleaner Premium content
...Consumers are increasingly buying vacuum cleaners and the like from online-only stores with rock bottom prices Currys cannot match....
July 6, 2023
JD Sports Fashion PLC
JD Sports to deepen US reach with $1bn bid for Hibbett
...In the year to February, it generated net sales of $1.7bn and pre-tax profit of $131.6mn....
April 23, 2024
Commercial property
Office loans ‘living on borrowed time’
...The further that office prices decline (into a liquidity vacuum), the more pressure will fall on borrowers to default strategically....
March 20, 2024
Unhedged
What’s wrong with Apple? Premium content
...Sales growth is set to stay soft because of both the smartphone replacement cycle and weak sales in China....
April 2, 2024
Disrupted Times
IMF warns fiscal deficits could dent global economy
...Acting PM Ariel Henry has pledged to resign as violent gangs thrive in the power vacuum....
April 17, 2024

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