Business Acquisition

07/05/2024

Exclusive: Disney and Comcast seek advisor to resolve Hulu valuation

Walt Disney and Comcast are seeking to hire a financial adviser to resolve a dispute over how to value the 33% stake in streaming platform Hulu that the former will acquire from the latter, according to people familiar with the matter.

25/04/2024

US economy slows in first quarter; inflation flares up

The U.S. economy grew at its slowest pace in nearly two years as a jump in imports to meet still-strong consumer spending widened the trade deficit, but an acceleration in inflation reinforced expectations that the Federal Reserve would not cut interest rates before September.

24/04/2024

Musk targets Australian senator, gun laws in deepening dispute over X stabbing content

Elon Musk said an Australian senator should be jailed and suggested the country's gun laws were meant to stop resistance against its "fascist government", escalating his battle over a court order to remove video posts of a bishop being stabbed.

16/04/2024

Strong US retail sales boost first-quarter growth estimates

U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further evidence that the economy ended the first quarter on solid ground.

09/04/2024

China uncertainty clouds outlook for luxury sector

Investors are bracing for a steep slowdown in luxury sales when luxury companies report their first quarter results, reflecting lacklustre Chinese demand and comparisons with last year when the lifting of COVID curbs in mainland China boosted sales.

05/04/2024

Ulta Beauty slumps as CEO warns of lackluster first-quarter demand, drags peers

Shares of Ulta Beauty tumbled as much as 14.5% on Wednesday after executives flagged a slowdown in demand across categories in the first quarter and stiff competition, weighing on peers elf Beauty, Coty and Estee Lauder.

29/03/2024

Home Depot bulks up Pro-business with $18.25 bln deal for building products supplier SRS

Home Depot will buy building materials supplier SRS Distribution in an $18.25 billion deal, in the top U.S. home improvement chain's largest acquisition, as it looks to broaden its professional customer base to better tackle tepid demand.

27/03/2024

Fast-fashion retailer H&M delayed some campaigns due to Red Sea crisis

H&M , the world's second-biggest listed fashion retailer, postponed the start of some Spring/Summer campaigns to adjust to shipping delays caused by the Red Sea crisis, CEO Daniel Erver said on Wednesday.

25/03/2024

Nike, Lululemon sink as annual forecasts disappoint

Nike shares tumbled 8% on Friday after the Air Jordan maker warned of lower sales in its first half as it replaces older styles with trendier sneakers, while Lululemon Athletica sank 17% as demand waned for its premium athleisure.

21/03/2024

China's SMIC may have violated US export curbs to make Huawei chip-official

China's top sanctioned chipmaker SMIC may have violated U.S. export regulations by producing a chip to power Huawei's Mate 60 Pro phone, a senior Commerce Department official said during a hearing on Thursday.

20/03/2024

Kering's shares slumped on Wednesday and are set for their worst day on record after the French luxury goods company warned that first quarter sales at its star label Gucci would drop by around 20% due to weakness in Asia.