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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
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Airlines
US airlines under fire for raising baggage fees again
...But Southwest, which heavily markets its “Bags fly free” policy, endorsed it....
March 10, 2024
Airlines
Airlines call for accountability over Boeing’s quality problems
...Shares in American and Alaska closed up 10.3 per cent and 4.5 per cent, respectively in New York trading, while Southwest dipped 2.3 per cent....
January 25, 2024
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
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
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
LexAirlines
US airlines: Alaska-Hawaii regulators may have antitrust objections Premium content
...A slow recovery in tourism from Asia, growing competition from Southwest Airlines and the recent wildfires in Maui have all weighed on demand....
December 4, 2023
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
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
LexMergers & Acquisitions
Hedge funds crash and burn in JetBlue/Spirit fiasco Premium content
...As for JetBlue, it has been searching for a way to keep up with the big four US carriers — American, United, Delta and Southwest — who through their own dealmaking now control 80 per cent of the domestic...
January 17, 2024
News updates from January 25: US economy grows 3.3% in fourth quarter, ECB keeps interest rate at 4%
What to watch in North America
...New home sales: Sales of new homes in December are forecast to have increased to 645,000 units on an annual basis, compared with 590,000 in November....
January 25, 2024
Paramount Global
Skydance in exclusive merger talks with Paramount
Potential sale comes after Apollo’s $26bn offer was rebuffed
April 3, 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
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
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
Airlines
Rate of airfare increases slows in 2023
...This article has been amended since initial publication to correct Southwestern Airlines to Southwest Airlines...
December 30, 2023
Airlines
JetBlue’s $3.8bn bid for rival airline Spirit blocked by US judge
...— particularly for lower-cost carriers — which has consolidated rapidly over the past two decades, leaving it dominated by the four big carriers: American Airlines, United Airlines, Delta Air Lines and Southwest...
January 16, 2024
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
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
The Week Ahead
Opening arguments begin in Trump trial
...figures, Northrop Grumman Q1, Persimmon AGM and trading update, Porsche Q1, Royal Caribbean Cruises Q1, Sainsbury’s FY, Schroders AGM and Q1 update, Snap Q1, Southwest Airlines Q1, STMicroelectronics Q1...
April 21, 2024
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

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