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18 Feb

Production caps curb growth at handbag maker Hermes

French luxury group Hermes said sales grew by 11% in the fourth quarter of 2021, a touch below market expectations, as self-imposed production caps meant the group could not keep up with demand for its prized handbags.

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18 Feb

British warehousing firm Segro rides surge in demand for quick delivery

(Reuters) -British warehousing firm Segro said on Friday the growing popularity of rapid delivery services is fuelling strong demand across its markets after it reported a 20% jump in annual profit, sending its shares about 4% higher.

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18 Feb

Warehousing specialist Segro sees high rental growth in London, Paris

Warehousing specialist Segro said on Friday it expects highest rental growth in its urban markets such as London and Paris in the medium term, helped by strong demand, particularly from e-commerce tenants.

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18 Feb

Container ship carrying Volkswagen vehicles catches fire near Azores

A container ship carrying a number of Volkswagen Group vehicles from Germany to the United States caught fire near the coast of Portugal's Azores islands on Wednesday evening, a spokesperson for Volkswagen said on Friday.

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18 Feb

Indonesia sees first annual current account surplus in a decade

Indonesia booked a current account surplus for the first time in a decade in 2021, data showed on Friday, but its balance of payments came under pressure in the final quarter due to bond market outflows and higher imports.

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18 Feb

Cineworld gets extension on payments to former Regal shareholders

Cineworld has reached an agreement to delay final payments to disgruntled former shareholders of its U.S. division Regal, the theatre chain said on Friday, as the debt-laden British company seeks to maximise available cash.

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18 Feb

Production caps limit Hermes sales growth in Q4

French luxury group Hermes said sales grew by 11% in the fourth quarter of 2021, a touch below market expectations as self-imposed production caps meant the group could not keep up with demand for its handbags.

Read more ...
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