H&M shares jump 14% as profit smashes expectations

HONG KONG, CHINA – 2021/08/07: Pedestrians cross the street in front of the Swedish multinational clothing design retail company Hennes & Mauritz, H&M, store in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Shares of H&M leapt 14% in early deals on Wednesday, after the Swedish … Read more

No major change in employment status or wages in 10 years: Data

Women planting paddy seedlings in an agricultural field in Nagaon district of Assam. | Photo Credit: Ritu Raj Konwar On March 11, Bahutva Karnataka, a forum for concerned citizens and organisations, released a report titled ‘Employment, Wages and Inequality’, at the Press Club, Bengaluru. The report analyses the progress in various employment-related indicators in the … Read more

Micron stock pops 12% on earnings beat driven by AI boom

The Micron Technology headquarters in Boise, Idaho, on March 28, 2021. Jeremy Erickson | Bloomberg | Getty Images Shares of Micron popped more than 12% in extended trading on Wednesday after the company announced second-quarter fiscal 2024 results that beat analysts and offered rosy guidance. The company, which makes memory and storage for computers, said … Read more

Kering issues luxury profit warning, Gucci sales to plunge 20%

A Gucci store at Harbour City shopping mall, operated by Wharf Holdings Ltd., in Hong Kong, China, on Friday, June 2, 2023.  Bloomberg | Getty Images Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining … Read more

Perak’s agricultural development corp earned RM55.33mil in 2023, says MB

IPOH: The Perak state Agriculture Development Corporation (SADC) has contributed a total of RM55.33mil last year to the state government, and programmes aimed at helping Perakians, says Datuk Seri Saarani Mohamad. The Perak Mentri Besar said the contribution allocated for the benefit of the state government, and the people was based on the excellence achievement … Read more

Dick’s Is Making Its Stores Bigger as Other Chains Shrink Their Fleets

Amid a broad trend to make stores smaller and more localized, Dick’s Sporting Goods is seeing results with the opposite strategy. The sporting goods chain on Thursday said it would open 16 new next-generation “50,000” Dick’s stores in 2024 after opening 11 of these large-format locations in 2023. These stores, which build on the chain’s … Read more

Vonovia shares fall after biggest ever loss

Construction workers are seen at a new condominium building project in Huerth, western Germany, on April 5, 2023. Ina Fassbender | Afp | Getty Images Shares of German property giant Vonovia fell 7% on Friday, shining a light on a deepening real estate crisis in Europe’s largest economy. The residential real estate company on Thursday … Read more

Safilo Net Profit Plunges

MILAN — Safilo Group‘s adjusted net profit plunged 76 percent to 14 million euros in 2023, as the company was hit by higher charges due to rising interest rates. In a statement released Thursday, the company said net financial charges increased to 19.2 million euros in 2023 from 15.5 million euros in 2022. The group also … Read more

Adobe (ADBE) Q1 earnings report 2024

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe shares tumbled as much as 11% in extended trading Thursday after the design software maker issued strong fiscal first-quarter results but came up slightly short on quarterly … Read more