Topshop on the block: Meet the runners and riders… October 30, 2023 Asos bought Topshop and a number of its sister brands such as Topman and Miss Selfridges for £265m back in 2021 after Arcadia plunged into administration.
Can’t beat them? Join them. European automakers rev up stakes in Chinese EV makers October 30, 2023 European automakers are revving up their stakes in Chinese electric vehicle makers in a bid to crack the market amid cut-throat competition.
Markets: Asian exchanges open slow as Israel-Gaza conflict weighs on sentiment October 30, 2023 Asian share markets were mixed on Monday as Israel’s push into Gaza stirred fears of a wider conflict ahead of central bank meetings in the United States, Britain and Japan, the latter of which might see a policy tightening. The earnings season also continues with Apple, Airbnb, McDonald’s, Moderna and Eli Lilly & Co among the [...]
HSBC to buy back $3bn in shares as profits more than double October 30, 2023 HSBC announced yet another share buy-back programme as higher interest rates ensured that profit more than doubled in the third quarter.
Apple: Will Santa skip the gadget stock? October 29, 2023 Apple will update on fourth quarter earnings on Thursday, with analysts bracing for a less-than-jolly Christmas outlook from iPhone sales.
Could Asos be set to offload Topshop? October 28, 2023 Asos, the ailing online fashion retailer, is exploring a sale of Topshop, less than three years after it acquired the high street brand from Philip Green’s collapsed Arcadia empire. Notice of the sale could be announced as soon as Wednesday in conjunction with the digital retailers full year results, which Asos said have been pushed [...]
Li Keqiang: China’s ex-premier and top economic official for a decade dies aged 68 October 27, 2023 Li was China’s number two leader from 2013-23 and an advocate for private business but was left with little authority by Xi.
Mercedez Benz shares plunge as inflation punishes profits October 26, 2023 Mercedez Benz shares plunged over six per cent today after it said profits had fallen due to a slowdown in vehicle deliveries.
FTSE 100 close: London dips as Standard Chartered share price drops sharply October 26, 2023 Inflation across the eurozone has fallen since the ECB raised its deposit rate to a record 4 per cent last month.
Standard Chartered share price dives as slowing Chinese economy and real estate crisis drag on performance October 26, 2023 China's growing real estate crisis ensured that Standard Chartered performed worse than expected in the third quarter.