Bloomberg Kering SA shares rose to the highest in more than 15 years after strong demand for new Gucci handbags and sandals contributed to the fastest quarterly sales growth since 2012, boding well for luxury-goods makers as Christmas approaches. The stock jumped as much as 8.3 percent to 204.10 euros in Paris, the highest since June 6, 2001, when ...
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Air safety’s future is in hospital scans, factory conveyor belts
Bloomberg The plastic explosive was molded into a thin sheet and hidden inside a laptop, the kind of hard-to-detect bomb that keeps airport security chiefs awake at night. Terrorist devices such as this are the reason fliers have to remove laptops from carry-on bags at security checkpoints before boarding airplanes. But at a lab in an industrial park outside ...
Read More »Deutsche defies predictions with surprise profit in Q3
Frankfurt / AFP Troubled German lender Deutsche Bank reported on Thursday a surprise profit in the third quarter, confounding expectations of further expensive legal pain for the Frankfurt institution. “We continued to make good progress on restructuring the bank,” chief executive John Cryan said in a statement. “The results for the quarter demonstrate well the strengths of our operating ...
Read More »Barclays posts 35% jump in profit
Bloomberg Barclays Plc said profit rose 35 percent in the third quarter as revenue from fixed-income trading surged to the highest in more than two years. Barclays Plc said profit rose 35 percent in the third quarter as revenue from fixed-income trading surged to the highest in more than two years. The results may help Chief Executive Officer Jes ...
Read More »NAB posts better than expected FY profit
Bloomberg National Australia Bank Ltd., the nation’s third-largest by assets, posted a 4 percent increase in full-year cash earnings on its domestic banking and wealth management businesses. Unaudited cash profit, which excludes one-time items, rose to A$6.48 billion ($4.96 billion) in the year ended Sept. 30, from A$5.84 billion a year earlier, the Melbourne-based lender said on Thursday in ...
Read More »Lloyds to maintain lending margins
Bloomberg Lloyds Banking Group Plc, Britain’s largest mortgage lender, said it expects to maintain lending margins next year and reassured investors on its outlook for dividends. The bank’s net interest margin should hold steady around 2.7 percent in 2017 even as the Bank of England keeps interest rates at record-low levels, and the firm will generate enough capital to ...
Read More »Nomura profit jumps 31%, beating estimates on trading income
Bloomberg Nomura Holdings Inc.’s second-quarter profit jumped 31 percent, beating analysts’ estimates as a surge in trading income made up for a slump in brokerage commissions and investment banking. Net income climbed to 61.2 billion yen ($585 million) in the three months ended Sept. 30 from 46.6 billion yen a year earlier, Japan’s largest securities firm said in a ...
Read More »Sale or no sale, changes could come to Twitter users
NEW YORK / AP Sale or no sale, Twitter users are bound to see changes as the beleaguered communications service tries to broaden its appeal to more people and advertisers. A new owner could clean up Twitter and curb some of the nastiness that’s become synonymous with it. Or perhaps a new owner would just show more ads. Or ...
Read More »Apple delays AirPods wireless headphone paired with iPhone 7
Bloomberg Apple Inc. announced that its anticipated AirPods, a pair of wireless headphones, will no longer ship this month as planned. The AirPods were introduced in September alongside the iPhone 7, which was designed without a standard headphone jack. “We don’t believe in shipping a product before it’s ready, and we need a little more time before AirPods are ...
Read More »Windows 10 to bring in 3D experiences
NEW YORK / AP Microsoft wants to bring life to common computing experiences by adding a third dimension to widely used software such as Windows and Office. The new tools, part of a free “Creators Update†to Windows 10 early next year, promise to make it easy for people to create and share photos, drawings and other images in ...
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