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☆ Top Goldman Sachs strategist picks the global small-cap stocks he says look cheap
▼ + stars: | 2022-10-18 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Small-cap stocks are having a difficult time, even by this year's bear market standard. But Goldman Sachs ' Peter Oppenheimer believes the worst could be over for smaller companies, and names several stocks he likes within the space. "Small caps are down 34% year-to-date. Investors hoping for a respite in the fortunes of small caps could be in for a longer wait, however. Global stock picks While a turnaround in small caps may not be imminent, Oppenheimer believes the sector now looks "inexpensive."

☆ Posh ice cream, craft beer in vogue as Chinese downsize their love of luxury
▼ + stars: | 2022-10-13 | by ( Casey Hall | ) www.reuters.com time to read: +3 min

SHANGHAI, Oct 14 (Reuters) - Chinese consumers are typically known for lavish spending on high-end handbags, clothes and accessories that sustain Western luxury brands. Brands that have jumped on the trend include Kweichow Moutai (600519.SS), best known for $300 bottles of baijiu, the Chinese spirit popular at banquets. It debuted baijiu-infused ice cream at $10 a cup in May, racking up 2.5 million yuan ($350,000) of sales on the first day. Chinese consumers are "spoiling themselves with those little things and they're loving something novel," said Mark Tanner, founder of marketing agency China Skinny. "When times aren't so good, people want to feel better, guilty pleasures like ice cream can help," said Low.

☆ Second strike at Liverpool to add to European port congestion, slow product delivery
▼ + stars: | 2022-10-10 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. Bloomberg | Bloomberg | Getty ImagesLogistics experts are warning another strike set at the Port of Liverpool for Tuesday will only add to the existing delays in product delivery caused by the prior strikes at Felixstowe and Liverpool. Dockworkers in Liverpool, a significant U.K. port and a port where the U.S. is the No. Trade productivity at Felixstowe, the U.K.'s largest container port, and Liverpool have suffered as a result of various labor strikes since August. Braun told CNBC that the disruptions of past strikes and the upcoming Liverpool strike will unquestionably aggravate the existing congestion.

☆ Burberry Taps British Designer Daniel Lee as Creative Director
▼ + stars: | 2022-09-28 | by ( Nick Kostov | ) www.wsj.com time to read: 1 min

Burberry’s sales have largely flatlined since 2017 while the luxury industry as a whole has boomed. U.K. fashion house Burberry PLC appointed Daniel Lee as its chief designer in an attempt to breathe new life into the maker of iconic trench coats. Mr. Lee will join the company on Oct. 3, overseeing all Burberry collections, the London-based company said. Mr. Lee is expected to present his debut runway collection for the brand at London Fashion Week in February 2023. He will report to the company’s new chief executive, Jonathan Akeroyd .

☆ London stocks slide amid economic "tug-of-war"
▼ + stars: | 2022-09-28 | by ( Johann M Cherian | ) www.reuters.com time to read: +2 min

The blue-chip index (.FTSE) dropped 1.6%, while the more domestically oriented FTSE 250 (.FTMC) shed 2.5%. The International Monetary Fund (IMF) and ratings agency Moody's criticised Britain's new economic strategy, with the latter warning that unfunded UK tax cuts would be "negative" for the country's credit standing. read more"There is an economic tug-o-war taking place between the Bank of England and the government," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. Burberry Group (BRBY.L) rose 4.1% after announcing Daniel Lee would be its new chief creative officer, replacing Riccardo Tisci, who is stepping down. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Johann M Cherian in Bengaluru; editing by Uttaresh.V and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

The blue-chip index (.FTSE) slipped 0.3% after dropping as much as 2.1% earlier in the session, while the more domestically focused FTSE 250 (.FTMC) eased 1.4%. The Bank of England said it would buy as many long-dated government bonds as needed between now and Oct. 14 to stabilise financial markets. read moreThe battered pound briefly dropped as much as 1% against the dollar, before paring some losses. Retailers (.FTNMX404010) slipped 0.5%, with online fashion retailer Boohoo Group (BOOH.L) slumping 6.4% after it cut its full-year outlook. read moreBurberry Group (BRBY.L) rose 4.3% after announcing Daniel Lee would be its new chief creative officer, replacing Riccardo Tisci, who is stepping down.

Insider asked 12 top VCs what ad and marketing tech companies excited them the most this year. Check out the 19 most promising adtech startups, and what they do that makes them unique. It hopes to raise a Series A funding round in the coming months. Emperia is currently raising its next funding round. Why it's on the list: Tech companies are being scrutinized for their wasting energy consumption, and the digital advertising industry is no exception.

☆ GSK picks Burberry's Brown as CFO
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterGSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/SummarySummary Companies Brown to join GSK in April, start as CFO in MayCFO Iain Mackay to retireSept 26 (Reuters) - GSK (GSK.L) named luxury fashion brand Burberry's (BRBY.L) Julie Brown as its new chief financial officer on Monday to succeed Iain Mackay, at a time when the British drugmaker is sharpening focus on its core business. The change comes after GSK spun off its large consumer business, Haleon (HLN.L), to focus on prescription drugs and vaccines. Burberry had said on Friday that Brown would step down as its CFO and chief operating officer in April to take up a role outside the luxury industry. Register now for FREE unlimited access to Reuters.com RegisterReporting by Amna Karimi and Pushkala Aripaka in Bengaluru; Editing by Subhranshu Sahu and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ GSK Taps Burberry Executive As CFO
▼ + stars: | 2022-09-26 | by ( Jennifer Williams-Alvarez | Mark Maurer | ) www.wsj.com time to read: +3 min

Pharmaceutical firm GSK PLC hired the finance chief of British luxury fashion group Burberry Group PLC to lead its finances as it works to develop new medicines after the recent spinoff of its consumer-health business. Brentford, U.K.-based GSK, a maker of cancer and asthma medications, on Monday named Julie Brown as chief financial officer and executive director, effective next spring. Ms. Brown serves as chief operating and financial officer at Burberry, a role she has held since 2017. “Julie is a highly experienced CFO with a tremendous understanding of the biopharma sector,” Emma Walmsley, chief executive officer at GSK, said in a release. Burberry on Friday said a search is under way for the successor of Ms. Brown.

Mackay, 60, will be retiring next year after serving as GSK's finance chief for nearly four years, following an eight-year stint as group finance director at the bank HSBC. Register now for FREE unlimited access to Reuters.com RegisterBrown, also 60, will join GSK in April and take up the job in May. She also served in several finance roles at AstraZeneca (AZN.L), which last year also appointed a female CFO, Aradhana Sarin. With Emma Walmsley as GSK's chief executive officer, Brown's appointment also creates a rare, all-female top management at a blue-chip (.FTSE) British company and a global pharma major. Brown will receive an annual base salary of more than 900,000 pounds at GSK, the company said.

Register now for FREE unlimited access to Reuters.com RegisterGSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/SummarySummary Companies Brown to join GSK in AprilIain Mackay to retire in MaySept 26 (Reuters) - Britain's GSK (GSK.L) has appointed its first female chief financial officer, Julie Brown, to succeed Iain Mackay, as the drugmaker focuses on its core pharmaceuticals business. With Emma Walmsley as GSK's chief executive, Brown's appointment also creates a rare, all-female top management at a blue-chip (.FTSE) British company and a global pharma major. Mackay, 60, will retire next year after almost four years as GSK's finance chief, before which he completed an eight-year stint as group finance director at HSBC. She also served in several finance roles at AstraZeneca (AZN.L), which last year appointed a female CFO, Aradhana Sarin.

☆ FTSE 100 gains as weak pound lifts export-heavy consumer staples
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/SummarySummary Companies FTSE 100 up 0.5%, FTSE 250 off 0.7%Sept 26 (Reuters) - London's FTSE 100 index rose on Monday, led by shares of dollar-earning consumer staple companies after sterling tumbled to record low on worries the new government's economic plan will stretch Britain's finances to the limit. The export-oriented FTSE 100 (.FTSE) gained 0.5%, while the more domestically oriented FTSE 250 (.FTMC) declined 0.7%. Consumer staples like Unilever (ULVR.L) and British American Tobacco (BATS.L) added 3.5% and 1.1%, respectively. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Johann M Cherian in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ GSK poaches Burberry CFO Julie Brown to create all-female top team, Sky News reports
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterGSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/IllustrationSept 24 (Reuters) - British drugmaker GSK plc has poached Burberry Group's (BRBY.L) finance chief to create a rare all-female executive leadership team, Sky News reported on Saturday. GSK could announce as soon as Monday morning that it has recruited Julie Brown to replace Iain Mackay, who has served as its chief financial officer since 2019, the report added. On Friday, Burberry announced that its finance chief Julie Brown will step down in April 2023 after more than five years in the role. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jaiveer Singh Shekhawat in Bengaluru Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.

LONDON—The booming market for secondhand luxury goods is creating a dilemma for makers of high-end handbags, fashion and jewelry: Join the trend, or ignore it. Secondhand luxury isn’t new, but its popularity is surging. Steep price hikes by prestigious brands like Chanel SA are driving some luxury buyers to look for less expensive used items. Others are seizing on secondhand goods’ sustainability bona fides: A used pair of designer jeans doesn’t cost any more of the planet’s resources to make.

☆ GSK poaches Burberry CFO Julie Brown to create all-female top team - Sky News
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +1 min

☆ FTSE slides as UK's mini budget fails to soothe recession worries
▼ + stars: | 2022-09-23 | by ( Sruthi Shankar | ) www.reuters.com time to read: +3 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. read moreThe internationally focussed FTSE 100 (.FTSE) extended losses, falling 1.6% to its lowest since July 15, while the domestically focussed FTSE 250 index (.FTMC) dropped 1.1% to hit near two-year lows. It is among UK's worst performing sectors this year as rising rates sparked worries about affordability. read moreOil (.FTNMX601010) and mining (.FTNMX551020) majors were the biggest drags on the FTSE 100 as commodity prices weakened against a strong dollar. read moreSmiths Group (SMIN.L) rose 4.1% after the industrial technology group provided upbeat full-year 2023 forecast.

☆ Ralph Lauren sells luxury at too steep a discount
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

A man walks past Ralph Lauren Corp.'s flagship Polo store on Fifth Avenue in New York City, U.S., April 4, 2017. REUTERS/Brendan McDermidNEW YORK, Sept 19 (Reuters Breakingviews) - Ralph Lauren (RL.N) laid out a promising financial outlook for investors on Monday. Since 2018, Ralph Lauren has closed more than two-thirds of its wholesale business by halting sales to department stores such as Belk, slashed promotions and lifted its average unit price 60%. The House of Polo trades at 10 times expected 2025 net profit, per estimates on Refinitiv, compared to Burberry’s (BRBY.L) 15 times and Prada’s 20 times. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ The Queen Is Everywhere. What Will the Royal Makeover Cost?
▼ + stars: | 2022-09-18 | by ( Isabella Simonetti | Rebecca Lieberman | ) www.nytimes.com time to read: +7 min

Since her death this month, Queen Elizabeth’s face has been all over nonstop news coverage. There are around 115,500 mailboxes throughout Britain and 61.4 percent of those, which date to the reign of Queen Victoria, bear Queen Elizabeth’s royal cypher, according to the Royal Mail Group. All mailboxes and those already in production with Queen Elizabeth’s initials will remain intact, the service’s website says. Its designs include Queen Elizabeth, an orange and white corgi, Big Ben, and now, King Charles and Camilla, queen consort. So far this month, however, it has sold 60 Queen Elizabeth ornaments and eight of King Charles.

☆ London Fashion Week begins with tributes to Queen Elizabeth
▼ + stars: | 2022-09-16 | by ( Sarah Mills | ) www.reuters.com time to read: +3 min

Models prepare backstage ahead of the Bora Aksu catwalk show during London Fashion Week in London, Britain, September 16, 2022. REUTERS/Henry NichollsRegister now for FREE unlimited access to Reuters.com RegisterLONDON, Sept 16 (Reuters) - From an all-black opening look to models holding a picture of Queen Elizabeth, London Fashion Week began with tributes to the late monarch as fashionistas paid their respects during the period of national mourning. Organisers announced last week that London Fashion Week would go ahead as a "business-to-business event" while observing royal protocol and holding tributes for the 96-year-old queen who died on Sept. 8. "I thought as we are opening the event it was important to mark that moment," Fletcher told London newspaper the Evening Standard. Turkish designer Bora Aksu also held a minute's silence ahead of his show, where he presented his usual array of frilly feminine dresses, as well as military-style jackets and hats.

☆ How JFK customs searches 1 million packages a day for illegal items
▼ + stars: | 2021-03-23 | by ( Steve Cameron | ) www.businessinsider.com time to read: +9 min

They're looking for anything that isn't legally allowed in the US; certain foods, animals, drugs, and counterfeit goods. This is where human CBP officers get a little help. Nearby, CBP officers are using another nonintrusive search tool: X-rays. And if all those counterfeit goods had gone on to sell at their suggested retail price, they'd total an estimated $54 million. Well, most of the narcotics and counterfeit goods will be sent to a top-secret incinerator to be destroyed.

Persons: John F, It's, Alex, Michael Lake, he'll, Nathanial Needham, Needham, Murielle, it's, Steve, We'll, I'm, Gucci, Louis Vuitton, Steve Nethersole, they're, bing, they'll, Michael, you've Organizations: Kennedy International Airport, US Customs, US Postal, CBP, Homeland Security, FBI, Needham, Rolex, telltale, Burberry Locations: JFK, Needham, Netherlands, New York, Hong Kong, India, Singapore, France, Italy, Spain, Switzerland, China

☆ Stella Tennant, un model faimos al anilor 90, a murit
▼ + stars: | 2020-12-24 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Modelul britanic Stella Tennant a murit marţi la vârsta de 50 de ani, a anunţat familia ei într-un comunicat, informează BBC şi AFP. "Cu mare tristeţe, vă anunţăm că Stella Tennant a murit subit pe 22 decembrie 2020. Stella a fost o femeie minunată şi o sursă de inspiraţie pentru noi toţi. În 2009, Stella Tennant a colaborat cu o organizaţie ecologistă care promovează reducerea cantităţilor de energie consumate în locuinţe. Stella Tennant s-a căsătorit în 1999 cu fotograful francez David Lasnet, cu care a avut patru copii.

Persons: britanic Stella Tennant, Stella Tennant, . Stella, Scoţia, Gianni Versace, John Galliano, Alexander McQueen, Calvin Klein, Chanel, Naomi Campbell, Kate Moss, David Lasnet Organizations: BBC, PA, Agerpres, Scottish Fashion Awards Hall Locations: britanic, Londra, Fame

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