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Saturday, 25 October 2014

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A woman runs past a poster of luxury fashion house Gucci outside a shopping mall in Beijing's central business district.

Gucci makeover still a work in progress

24 October 2014

The flagship brand of French luxury and lifestyle group Kering posted disappointing sales in the last quarter, sending the shares down. Gucci is struggling with an image problem. At least it can point to early signs that its new strategy is bearing fruit.

An Indian mechanic works at the Volvo truck division in Bangalore.

Most of the heavy lifting lies ahead for Volvo

24 October 2014

An unexpected earnings jump propelled shares in the Swedish truck maker up 10 pct. But Volvo is facing an uphill struggle. The outlook for its core European market is weak, and its new cost cutting targets are ambitious. 

A trader looks up at charts on his screen just before the end of trading for the day on the floor of the New York Stock Exchange, November 18, 2013.REUTERS/Lucas Jackson

Bond markets nudge France towards periphery

23 October 2014

Investors want a growing yield premium to hold French bonds rather than Dutch, Belgian or Austrian ones and the cost of insuring against a Gallic default is inching up. Blame repeated budget misses and a sluggish economy. Still, a large, liquid debt market has some attractions.

Brady W. Dougan, CEO of Credit Suisse

Credit Suisse's future is mid-table drabness

23 October 2014

The Swiss group’s investment bank trumped Wall Street in Q3. But it’s no longer a top-tier player in any standalone business line, and questions linger over its ability to maintain strong fixed income returns if rates rise. Muted expectations should apply to other divisions too.

A sign for Bank Street is seen in London

EU bank tests: the good, the bad and the ugly

23 October 2014

The best European lenders will pass Sunday’s exercise outright based on their Dec. 31 balance sheet. Potentially some big names will fail that test, but pass on capital raised since. As for banks still deemed outright failures today, their bosses cannot expect to keep their jobs.

Tesco Plc. CEO Dave Lewis arrives for Tesco's interim results announcement in London October 23, 2014.

Tesco fails to answer key strategy questions

23 October 2014

The UK retailer’s accounting error is larger than originally flagged. Sales are falling faster than feared. News that the chairman is being replaced will help. But Tesco’s new CEO missed a big chance to articulate a turnaround plan – despite some obvious remedies.

Maurice Levy, French advertising group Publicis Chief executive

Publicis better show it has a cure for "hiccup"

23 October 2014

The French advertising group says focus on the failed merger with Omnicom explains its weak performance in the last quarter. It also has excuses for different parts of the business. The pressure is on to show at its next strategy update how it intends to shake its growth problem.

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