Category: Business
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TUI Shares Slip on Slower Growth Expectations
The travel operator guided for a lower rate of growth in the current fiscal year, despite posting a jump in profit for fiscal 2024 on strong demand.
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Zara Owner Inditex Posts Higher Sales Amid Fierce Low-Cost Competition
Inditex reported an increase in sales at the start of its final quarter, helped by its fall and winter collections and despite intense competition in the fashion industry.
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Financial Services Roundup: Market Talk
Find insight on Bank Jago, Perpetual and more in the latest Market Talks covering Financial Services.
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JetBlue’s Turnaround Plan: First-Class Seats and Fewer Routes
The New York-based airline is returning to its leisure-travel origins after plans to buy now-bankrupt Spirit were thwarted.
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Energy & Utilities Roundup: Market Talk
Read about Sembcorp, China Oilfield Services and more in the latest Market Talks covering Energy and Utilities.
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Basic Materials Roundup: Market Talk
Find insight on Endeavour Mining, South32 and more in the latest Market Talks covering Basic Materials.
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Macy’s Probe Found Employee Acted Alone in $151 Million Accounting Scandal
Macy’s has completed its investigation into accounting problems and found that a single employee’s mistake and coverup created $151 million in false bookkeeping entries.
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Vestas to Cut Jobs at U.K. Factory
Vestas Wind Systems could cut hundreds of jobs at its Isle of Wight factory as it plans to repurpose the site to manufacture onshore turbine blades.
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Delivery Hero’s Talabat Set to be Largest Tech IPO in the Middle East
Shares in Delivery Hero subsidiary Talabat reversed direction and recently were trading lower as the company debuted on the Dubai stock exchange, but still was set to be the largest global technology IPO in the region.
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Sony Shares Top Record Closing High
The Japanese company’s shares climbed to a new record close, driven by growing hopes for its games segment and other entertainment businesses.