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Armani revenues up 20% in H1 after 2021 recovery
Date: July 20, 2022
MILAN (Reuters) – Italian luxury goods group Armani posted a 20% increase in sales at constant currencies in the first half, after swinging to an operating profit in 2021 as revenues returned above pre-pandemic levels in the second part of the year. Revenues “now constantly exceed the levels achieved in 2019, thus setting the stage...
Saipem shares plunge after cash call falls short
Date: July 12, 2022
MILAN (Reuters) -Shares in Italy’s Saipem fell as much as 40% on Tuesday after investors subscribed for only 70% of its 2 billion euro cash call, signalling limited confidence in the turnaround plan for the Italian energy services group. Saipem said on Monday it had raised around 1.395 billion euros ($1.4 billion) at the closing...
SoftBank seen posting bruising vision fund loss on tech sell-off
Date: May 9, 2022
By Sam Nussey TOKYO (Reuters) – Japan’s SoftBank Group Corp is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts said, after investors sold off the high-growth stocks favoured by the fund with questions about their earnings potential. With the technology investor poised to post full-year earnings, comments from...
Siemens gamesa buffeted by rising costs as turbine launch problems deepen
Date: April 20, 2022
By Isla Binnie and Christoph Steitz MADRID/FRANKFURT (Reuters) -Siemens Gamesa is trying to raise wind turbine prices to cope with lofty raw materials costs and iron out complex internal procedures that have delayed new products and helped trigger a huge quarterly loss, Chief Executive Jochen Eickholt said on Wednesday. His comments came after the world’s...
Soccer-Fulham seal premier league promotion with win over preston
Date: April 20, 2022
LONDON (Reuters) – Fulham achieved promotion back to the Premier League on Tuesday with a 3-0 home win over Preston North End which guaranteed the London side a top-two finish in the second-tier Championship. League leaders Fulham — who were relegated from the top flight last year — now have 86 points from 42 games....
How to navigate capital gains tax
Date: March 15, 2022
By Tony Clark, Senior Propositions Manager, St. James’s Place Capital Gains Tax (CGT) is a difficult subject to get your head around and some people get caught out and face fines for failing to properly declare their gains, whilst others can end up paying it unnecessarily. Here we’ll answer some commonly asked questions to help...