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Published: 12.02.2025
Total Summaries: 5
Kering Reports Mixed Q4 Results Amid Gucci Sales Decline
Kering SA announced a 12% drop in fourth-quarter sales to €4.39 billion, slightly exceeding analyst expectations, despite a 24% decline in Gucci's sales, which account for nearly half of its revenue. Full-year sales also fell 12% to €17.19 billion. While operating income aligned with forecasts, it was significantly lower than the previous year. Kering shares initially rose 6% but later stabilized at a 0.5% increase. The company is undergoing a brand transformation, including the recent departure of Gucci's design chief.
Source: CNBCAsia-Pacific Markets Show Mixed Performance Amid U.S. Tariff Developments
On Tuesday, Asia-Pacific markets exhibited mixed results as investors reacted to U.S. President Trump's newly imposed tariffs on steel and aluminum. Australia's S&P/ASX 200 remained unchanged, while South Korea's Kospi increased by 0.71%. In contrast, Hong Kong's Hang Seng Index fell by 0.87%, and China's CSI 300 declined by 0.46%. Japan's markets were closed for a holiday. The Indian rupee saw its largest single-day gain in nearly two years, attributed to potential central bank intervention, while shares of Chinese EV maker BYD reached a record high following the launch of new driving features.
Source: CNBCTrump Memecoin Traders Suffer $2 Billion Loss Amidst Family Profits
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Read extended summarySources (7)Meta's Recent Layoffs Leave Employees Confused Over Performance Ratings
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Read extended summarySources (7)S&P 500 Sees Gains Amid Business Updates and Tariff Announcements
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Read extended summarySources (7)