Kering (KER-FR) earnings Q4, full-year FY24

A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty ImagesFrench luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down year-on-year amid lagging demand for its main Gucci label.The high-end fashion...

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Cartier owner Richemont Q3 sales rise 10%, China weakness remains

Shoppers pass a Cartier luxury store, operated by Cie. Financiere Richemont SA, in the Galeries Lafayette SA luxury department store in Paris, France.Bloomberg | Bloomberg | Getty ImagesShares of Cartier owner Richemont jumped on Thursday after the luxury group reported a 10% increase in fiscal third-quarter sales even as...

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UK economic growth August 2024

Alexander Spatari | Moment | Getty ImagesLONDON — The U.K. economy grew 0.2% in August on a month-on-month basis, flash figures published by the Office for National Statistics showed Friday.Gross domestic product (GDP) came in line with the expectations of economists polled by Reuters, who had forecast growth of...

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