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...These were down 6.2 per cent in the quarter on a like for like basis, against consensus expectations of 7.3 per cent growth, a big miss. The rest of its markets have been broadly fine....
...F1’s operating profit rose by 64 per cent to $392mn in 2023 from a year earlier, as revenues jumped to $3.2bn from $2.5bn....
...The region-wide Stoxx Europe 600 was down 0.1 per cent, as gains in the heavyweight luxury sector failed to offset a 7.3 per cent decline for cosmetics giant L’Oréal....
...Growth was slowest in L’Oréal’s luxury division, which improved 3.2 per cent....
...Why start a new industry when just on the other side of the English Channel the superfood, the delicious Helix pomatia, commonly known as l’escargot, is waiting to provide us with omega 3 equivalent to salmon...
...Market Rotates on Fed Rate Cut ExpectationsIn the last 2 months of 2023, the number of expected rate cuts increased from 3 to 7. It has since fallen to 4½....
...Most of the estimated 3,800 prisoners in the capital’s National Penitentiary escaped on Saturday, leaving the normally overcrowded jail mostly empty with no guards in sight....
...Some 15,000 people have been displaced by the recent attacks, the UN has said, while 3,800 inmates escaped from two prisons in jailbreaks this month....
...French luxury group Kering’s€3.5bn acquisition of fragrance brand Creed fetched a multiple of about 23 times ebitda, while L’Oréal snapped up Aesop — the minimalist maker of high-end soaps — in a $2.5bn...
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...Dr John Warren Ipswich, Suffolk, UK Letter in response to this letter: Correcting your maths / From Paul L Colby, Alexandria, VA, US...
...Using national level S&L data back to 1955, we find that changes in revenues over the prior year account for 40% of the variance in S&L consumption and gross investment....
...candle, €174 Alaïa denim Archetypes jacket, £880 Dinosaur Designs resin large dish, £345, matchesfashion.com Johanna Ortiz beaded wood Marimba salt and pepper shakers, £285 for set, matchesfashion.com L’...
...When l told my wife, she asked if I’d lost the house (which we owned outright). l said, no, even l was not that stupid. She then laughed and said that it ‘doesn’t really matter much then’....
...Michael Winckless Bangkok, Thailand...
...Paris-based luxury group Kering in June purchased perfumer Creed for €3.5bn or about 23 times earnings before interest, tax, depreciation and amortisation, according to people with knowledge of the terms...
...Read more here. 3) There are many sectors where dealmaking is desirable but challenging, in part because of national sensitivities and the tendency of politicians to get involved....
...The company’s Ageing Population and Healthcare Innovation ETFs have also fallen out of favour, alongside the L&G Cyber Security Ucits ETF....
...It was bought by French cosmetics giant L’Oréal in 2006 and later acquired for £880mn by Natura in 2017....
...This is reflected in its slim ebitda margin of 3.4 per cent, which compares with 10.8 per cent for Natura’s own brand....
...Birkenstock employs about 3,000 people and makes most of its footwear in its own factories in Germany....
...According to Majestic’s similar booklet, its Alain Grignon Carignan has 9.4g/l, Domodo Negroamaro 8g/l, Domaine Marquis Ravardel 2020 Châteauneuf-du-Pape 7g/l and many others hover around 4g/l....
...Just Group’s shares were 1 per cent higher in late-morning trading, while L&G’s were down 3 per cent, amid a broader decline in UK blue-chip stocks....
...The Fédération de l’industrie Horlogère Suisse has released its export report for March 2024 and . . . hoo, boy....
...Until March 3; further information and tickets here ‘Loading: L’art urbain à l’ère numérique’ (Loading: Urban Art in the Digital Age), Grand Palais Immersif An exhibition exploring the evolution of urban...
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