Leadership
European shares scale new record highs on upbeat earnings
EUROPEAN shares opened higher to hit another record high on Wednesday (Mar 13), as upbeat corporate updates encouraged market sentiment, while investors awaited industrial production data from the region....
Zara-owner Inditex first Spring sales rise 11% on upmarket fashion bet
ZARA-OWNER Inditex said on Wednesday (Mar 13) its sales jumped 11 per cent in constant currency for the first-half of the spring season between Feb 1 and Mar 11,...
Zara-owner Inditex gets spring season boost from upmarket fashion
ZARA-OWNER Inditex’s sales jumped 11 per cent at constant currencies in the first half of its spring season, boosted by upmarket fashions and continuing the strong momentum that saw...
Cathay Pacific reports first annual profit since 2019
HONG Kong carrier Cathay Pacific on Wednesday (Mar 13) reported its first annual net profit in four years, citing “significant pent-up demand for travel” following the pandemic. Chair Patrick...
Chipmakers searching for ‘China plus 1’ are finding Malaysia
CONSTRUCTION cranes still surround the brand-spanking-new plant in Kulim’s industrial park in Malaysia. But inside, legions of workers hired by Austrian tech giant AT&S are already gearing up to...
Brokers’ take: Analysts cut DFI Retail Group target on lower earnings forecast
ANALYSTS have shaved their price targets for DFI Retail Group upon trimming their earnings estimates. This came after the group’s core underlying earnings of US$155 million reported last Thursday...
PwC Australia cuts hundreds of jobs in overhaul to lower costs
PWC Australia has begun a round of job cuts that will reduce headcount by more than 300 staff, part of a broader restructure at the embattled firm that is...
Porsche sees lower returns in year of major model launches
PORSCHE expects its profit margins to dip this year as the German luxury carmaker funds the launch of four new models to help it tackle tougher competition. The company...
