Mulberry hopes to bag a winner with new CEO after sales see a fall
Mulberry’s share price has fallen 39% since January, amid a global decline in the luxury sector, mainly driven by shoppers from Asia cutting back. Luxury giant Mulberry has dispensed with…
Private equity bosses ponder leaving UK over Labour tax rise fears
Labour’s plans to close the “carrying interest” private equity sector loophole has led to several funds and executives considering moves to countries with more beneficial tax regimes, such as Italy…
United Nations : Lack of due process a worrying trend in India
Geneva, 03/07/2024— The NGO CAP Liberté de Conscience expressed its deep concern about the erosion of due process and democratic values in India at the 56th session of the Human…
VW mulls putting the brakes on Brussels Audi plant due to low demand for EVs
The Audi plant has seen a drop in demand for luxury EVs. Owner VW is currently trying to find an alternative solution for the Brussels site. Europe’s top carmaker, Volkswagen,…
‘Eurostars’: The rise of Europe’s answer to the US ‘Magnificent 7’
The ‘Eurostars’, including Novo Nordisk and ASML, have outperformed the US ‘Magnificent 7’ since 2020, showcasing diverse sector strengths and superior risk-adjusted returns, a recent research shows. Europe also boasts…
Earnings preview: US big banks may see profit decline in the second quarter
The US earnings season will kick off with big banks reporting their second-quarter performance on Friday. Analysts expect these banks’ profits to be negatively impacted by rate cut expectations. The…
Aer Lingus pilots urged to accept pay deal as industrial action halted
The Irish Airline Pilots Association (IALPA) has endorsed a pay recommendation proposed by the Labour Court. IALPA has ended a work-to-rule protest at Irish airline Aer Lingus while pilots decide…
The European Prosecutor’s Office has brought charges against a Bulgarian milk producer
The European Prosecutor’s Office announced that it has filed charges against a Bulgarian dairy farmer who received funds from the EU fraudulently, BTA reported. The accused submitted forged documents in…
Microsoft drops OpenAI board observer seat amid regulator scrutiny
Microsoft, ChatGPT’s most prominent financial supporter, announced it is withdrawing its observer seat on the OpenAI board as the collaboration received scrutiny from antitrust regulators. The global tech giant Microsoft…
UK’s FCA shakes up listing regulations to attract more companies
The move comes as the London Stock Exchange has been struggling for several months to retain companies looking to leave the UK and list in more welcoming markets such as…