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Boeing has taken a $4.5bn (£3.3bn) hit after supply chain chaos sparked delays to deliveries of its Dreamliner jet.
The ONS said interest payments on government debt trebled to a higher-than-expected £8.1bn last month.
Shares in Tod's jumped more than 12% on Wednesday after the Italian luxury fashion group beat forecasts with its first increase in annual sales since 2015. Boosted by strong fourth-quarter growth in Europe and the United States, revenues rose almost 40% to 883.8 million euros ($997 million) last year, just below pre-pandemic levels, the luxury leather goods maker said on Tuesday. The sales figures will allow Tod's to report positive earnings before interest and tax (EBIT) for the 2021 fiscal year, Chief Executive Diego Della Valle said.
UK factory costs rising at fastest pace since 1980, CBI says. Survey finds labour shortages driving ‘intense and escalating cost and price pressures’
Two and a half years ago Nelson Peltz, the billionaire activist investor who often presents himself as a partner with constructive advice for companies, told an audience of pension and hedge funds that no one had a monopoly on good ideas. Sitting only a few feet away, nodding in agreement, was Procter & Gamble Co Chief Executive David Taylor, who ended one of the industry's most acrimonious corporate battles by inviting Peltz onto P&G's board in 2018. For nearly four years until Peltz' retirement from the P&G board in August, the men traded ideas about how to woo new customers to buy Tide detergent and Pampers diapers.
ZURICH (Reuters) -Swiss watchmaker Swatch Group said it expected double-digit sales growth in local currencies this year after sales and profits recovered in 2021. It rebounded with a net profit of 774 million Swiss francs ($845 million) in 2021 after a loss of 53 million a year earlier. Swatch shares were indicated 2.9% higher in pre-market activity.
Crude oil prices have risen fast over the past year, but could rise even further. These two FTSE 100 stocks would make great buys right now, believes Manika Premsingh. The post Oil could rise to $150 – 2 no-brainer FTSE 100 stocks to buy appeared first on The Motley Fool UK.
The declines in European markets on Monday came due to events on the Russia-Ukraine border rather than any other factors that have dominated sentiment over the past two weeks.
Stock market crashes are tough to predict. But, there is good data on the frequency of corrections. Since stock market crashes are fast corrections, this is a good place to look for answers. The post When is the next FTSE 100 stock market crash coming? appeared first on The Motley Fool UK.
Swedish telecoms giant Ericsson said Tuesday its net profit soared in 2021, with a better-than-expected performance in the fourth quarter despite losing ground in the key Chinese market.
Jon Smith takes some points on board from legendary investor Warren Buffett about what to do when a market crash hits. The post 3 things Warren Buffett does during a market crash that I’m copying appeared first on The Motley Fool UK.
Self-driving car users should have immunity from offences – report. Law commissions recommend that vehicle users should not face regulatory sanctions if something goes wrong
Are we heading for another stock market crash? Roland Head explains why he's aiming to follow Warren Buffett and stay invested in quality stocks. The post Stock market crash? I’m following Warren Buffett appeared first on The Motley Fool UK.
Italian supercar brand Lamborghini plans to roll out its first fully electric model at the end of this decade, its Chief Executive Stephan Winkelmann said in remarks confirmed on Tuesday by a company spokesperson. The plan underscores an even more cautious approach by Lamborghini - part of the Volkswagen Group - to electrification, after Winkelmann last year said the brand's first fully electric car model would appear in the second half of the decade. Lamborghini and other players in the high-performance sports car market, which include Ferrari, Aston Martin Lagonda and McLaren, are wrestling with how to shift their ranges to battery power without losing the high performance that supports their premium pricing.
ZURICH (Reuters) -Credit Suisse warned on Tuesday that it would post a fourth-quarter loss as the scandal-hit lender flagged fresh legal costs and said business in its trading and wealth management divisions had slowed. Switzerland's second-largest lender announced plans in November to rein in its investment bankers and plough money into looking after the fortunes of the world's rich as it tries to curb a freewheeling culture that has cost it billions. It said the investment bank would make a loss in the final quarter of the year, while the wealth management business had seen an overall drop in assets.
COPENHAGEN (Reuters) -Denmark's Vestas warned on Wednesday it would have to raise prices for its wind turbines due to higher raw material and transport costs, clouding its prospects for this year despite strong demand. The warning echoes comments from rival Siemens Gamesa, whose shares fell as much as 16% on Friday after it cut its outlook for the third time in nine months, also citing a surge in costs for vital materials such as steel. Companies from utilities and chemicals makers to telecoms firms and supermarkets are raising prices due to a cocktail of factors including rising energy costs and supply bottlenecks, raising the prospect of interest rate rises to curb inflation.
Chinese hacker group APT 27, long suspected of launching attacks on Western government agencies, has started targeting German companies in sectors such as pharmaceuticals and technology, Germany's Federal Office for the Protection of the Constitution (BfV) said on Wednesday. In addition to stealing trade secrets and intellectual property, the hackers may be trying to penetrate customers' and service providers' networks to infiltrate several companies at once, the BfV said in a circular to companies. In its annual constitutional protection report from 2019, the BfV had pointed out the group's acronym APT 27 is an alias for a Chinese hacker group also known as the "Emissary Panda," which is believed to target foreign embassies and critical sectors.
The pubs group said like-for-like sales dropped 8.8% in the eight weeks to January 12 as the Covid-19 variant spread.
ZURICH (Reuters) -Swiss chocolate maker Barry Callebaut said strong demand for chocolate, in particular from chefs and caterers, lifted its sales in the three months to Nov. 30, allowing it to confirm its mid-term forecasts. Global demand for chocolate confectionery recovered last year, and Barry Callebaut is benefiting from big food groups outsourcing chocolate production and smaller customers such as restaurants and bakeries also turning to it for upmarket chocolate supplies. Sales volumes rose 8.9% to 610,048 tonnes in the first quarter of fiscal year 2021/22, ahead of underlying chocolate market growth of around 3.1%, the world's biggest chocolate maker said in a statement.
Italian luxury brand Moncler, known for its high-end parkas, Tuesday joined a growing number of fashion firms dropping fur from their clothing.