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...The John Lewis Partnership posted a pre-tax profit of £56mn for the year to January, compared with a £234mn loss the previous year, on sales of £12.4bn, up 1 per cent....
...Fedspeak: Atlanta Fed president Raphael Bostic will deliver remarks at the Prosperity Partnership of Fort Lauderdale....
...Pre-tax profits at the John Lewis Partnership were £56mn in the year to January, compared with a £234mn loss the previous year. Sales climbed 1 per cent to £12.4bn....
...Sales climbed 1 per cent to £12.4bn....
...The value of imports expanded 8.4 per cent in dollar terms in April compared with a year earlier, beating analysts’ expectations of just below 5 per cent and reversing a decline of 1.9 per cent in March....
...Its shares recovered some of their earlier losses to trade close to 9 per cent lower by midday in Paris....
...Employment: US government data is expected to show employment costs increased 1 per cent in the first three months of the year, compared with a 0.9 per cent increase in the final quarter of 2023....
...The burger chain reported first-quarter global comparable sales rose 1.9 per cent, slower than the 2.3 per cent analysts estimated, and the 12.6 per cent from the same period last year....
...Wage growth for job changers fell from 10.1 per cent in March to 9.3 per cent in April....
...The company earned $1.77 an adjusted share for the first quarter, beating analysts’ expectations of $1.33 a share and the net loss of 23 cents in the same quarter last year...
...The Automobility data also showed first-quarter overseas shipments of Chinese-made vehicles rose 33 per cent year on year to a record 1.3mn vehicles....
...First-quarter revenues declined 9 per cent to $757.3mn, more than analysts’ expectations of $738.6mn. Hasbro shares were up 4 per cent in pre-market trading....
...Revenue is expected to have declined 9.5 per cent to $16.2bn in the three months ending March. The company is expected to report a loss of $1.21 a share, compared with a loss of 69 cents a year ago....
...Royal Caribbean and Carnival were down 2.2 per cent and 2.9 per cent, respectively....
...Orders for durable goods, which include washing machines, cars and aircraft, increased 1.4 per cent in February from the previous month’s downwardly revised 6.9 per cent decline, according to the Census...
...The monthly uptick was largely driven by supply, with inventory jumping to 1.07mn units in February, up 5.9 per cent from January and 10.9 per cent from a year earlier....
...In the short term, it is targeting sales among China’s logistics operators, and claims to have dozens of partnerships and trial projects already under way, including with ZTO Express, one of the country’...
...CMA CGM will keep its 9 per cent stake in Air France, but a lock-up on those shares will end in February 2025 and no longer be partly extendable until 2028....
...Renault is one of Europe’s smaller carmakers, producing 2.2mn cars a year compared with 6mn from Stellantis and 9.2mn at Volkswagen....
...Shares of UPS were up 1.9 per cent in pre-market trading on Monday, while FedEx shares fell 1.6 per cent....
...Despite a series of earlier job losses and cost cuts in recent years, Peloton’s market capitalisation has fallen to about $1.2bn from an early-2021 peak of almost $50bn....
...Beauty, Coty and Estée Lauder were lower by 9.7 per cent, 5.1 per cent, and 4 per cent, respectively....
...In the UK, Boots same-store retail sales increased 5.9 per cent in the quarter, while pharmacy sales ticked up 1.7 per cent....
...Permits to build single family homes increased 1.9 per cent from the previous month to an annualised rate of almost 1.52mn, the US commerce department said on Tuesday....
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