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12.11.25 - 08:20
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Nvidia and Apple supplier Foxconn posts 17% rise in third-quarter profit (SCMP)
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Foxconn Technology Group, the world's largest electronics contract manufacturer, posted a 17 per cent rise in third-quarter profit on Wednesday, beating market forecasts, on sustained strength in demand for artificial intelligence servers.
Net profit for the July-September period for Nvidia's biggest server maker and Apple's top iPhone assembler was T$57.67 billion (US$1.89 billion), higher than the consensus estimate of T$50.4 billion compiled by London Stock Exchange Group.
Taiwan-based......
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15.08.25 - 12:24
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Online fashion retailer Shein′s UK sales leap by a third to more than £2bn (The Guardian)
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Profits rise 56% to £38.2m in 2024 as company overtakes British rival Boohoo and closes in on AsosShein, the online fast-fashion retailer founded in China, increased sales in the UK by about a third to more than £2bn last year, overtaking the British rival Boohoo and closing in on Asos.The company, which had been considering a £50bn float on the London Stock Exchange but is now expected to list in Hong Kong, said profits rose 56% to £38.2m last year on which it paid £9.6m corporation tax, according to accounts filed at Companies House this week. Continue reading......
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02.05.25 - 11:33
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Shell Stock Rises On $3.5 Bln Buyback, Despite Weak Q1 Results (RTTNews)
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Shares of Shell Plc were gaining around 4 percent on the London Stock Exchange as well as in pre-market activity on the NYSE, after the British oil and gas major announced Friday a share buyback programme of $3.5 billion, despite reporting weak first-quarter results....
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