Saturday , 3 January 2026

Recent Posts

UK risks losing its dominance in Airbus wing production

Bloomberg Britain’s five-decade dominance of wing construction for Airbus SE jets is under threat from rival countries playing up the uncertainties surrounding Brexit to pitch for a share of the high-value, manufacturing work. Airbus has been approached by at least seven governments looking to poach future wing production after the company raised concerns about Britain quitting the European Union, stirring …

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H&M’s biggest profit drop in six years puts CEO under pressure

Bloomberg Hennes & Mauritz AB reported its biggest drop in profit in six years, adding pressure on Chief Executive Officer Karl-Johan Persson, who is trying to right the ailing Swedish clothing chain after recent slipups. Operating profit fell 14 percent to 20.6 billion kronor ($2.6 billion) in the 12 months through November, H&M said in a statement. Analysts expected 20.4 …

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Swatch sweeps up share as quartz market reels

Bloomberg Swatch Group AG reported an increase in profit for the first time in four years as Switzerland’s largest watchmaker boosted its share in the intensely competitive low-end timepiece market thanks to growth at Tissot and its namesake plastic brand. Swatch said it has had a “massive gain” in market share in the basic and midrange segments. The company sells …

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