Consumers shop online for many reasons. Convenience. Good deals
Prada has delivered strong first half numbers, in contrast to Burberry's profits warning earlier in September. Lex's Stuart Kirk and Oliver Ralph discuss whether a highly rated stock like Prada, up 50 per cent since its float last year, can continue to push on. Material World: http://blogs.ft.com/material-world/2012/09/12/luxury-industry-chicken-littles For more commentary from the Lex team, visit http://www.ft.com/lex http://www.FT.com/
Shares in Burberry lost a fifth of their value this morning after the British luxury brand released a surprise trading update showing flat sales. There was little detail to explain the dip
Up to 300,000 people per day are expected to travel to Statford during the Olympics but local market traders that were advised to buy extra stock are yet to see a gold rush.
Follow The Daily Ticker on Facebook! U.S. auto sales have been a bright spot in an otherwise grim economy in recent months. But that trend could be turning if July auto sales are any indication.
Several unidentified banks under investigation for the suspected manipulation of Euro Interbank Offered Rate (Euribor) are reportedly cooperating with European Union antitrust regulators in the hope of lower fines, said two unnamed sources cited by Reuters. When Barclays settled with US and UK regulators for a record fine of £290m for rigging Libor and Euribor, the bank received a 30 percent discount under the UK's Financial Services Authority's (FSA) settlement discount scheme. It paid the FSA £59.5m; without the discount, this would have been £85m.
The way ahead for India in the 21st century is a foreign policy that helps in the acceleration of its growth, preserve its strategic autonomy and protect its people, says Dr. Shashi Tharoor, Member of Parliament.
Biocon, India's major biotechnology company has reported a lower-than-expected 12 percent increase in its net profit for the first quarter of the fiscal year, sending its shares down in the Indian stock markets. The company's consolidated net profit for the first quarter stood at 788 million rupees. The shares of the company dropped more than 2 percent on Thursday morning trading as markets had expected the company to post a profit of 880 million rupees on the revenue of 5.68 billion rupees
India 's service sector continued its growth in June, though at a slightly slower rate than in May, according to the latest HSBC PMI data released Wednesday. HSBC 's services purchasing managers' index -- an index of India n services sector activity -- posted 54.3 in June, 2012, a decline of 0.4 percent compared to 54.7 in May, 2012.
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(Reuters) - The leaders of Mammoth Lakes, Calif., voted Monday to approve a bankruptcy filing for the ski resort town, just days after Stockton, Calif., became the most populous U.S. city to turn to bankruptcy court for protection from its creditors.