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Hermes' Sales Continue to Grow at Year-End
WSJ· 2026-02-12 07:54
Core Insights - The luxury company experienced a 9.8% increase in fourth-quarter revenue, indicating a positive trend in the luxury market and suggesting a potential sustained rebound in the sector this year [1] Company Performance - The reported revenue growth of 9.8% in the fourth quarter reflects strong consumer demand and optimism within the luxury segment [1] Industry Outlook - There are hopes for a sustained luxury rebound in the current year, driven by increasing consumer confidence and spending in the luxury sector [1]
British American Tobacco Posts Pretax Profit Jump
WSJ· 2026-02-12 07:43
Core Viewpoint - British American Tobacco experienced a significant increase in pretax profit driven by the rising demand for vapor and other smokeless products [1] Company Summary - The company reported a notable growth in pretax profit, indicating strong performance in its product segments [1] - The demand for vapor and smokeless products continues to rise, suggesting a shift in consumer preferences towards these alternatives [1] Industry Summary - The overall market for vapor and smokeless products is expanding, reflecting changing trends in the tobacco industry [1] - The growth in this segment may indicate a broader industry shift away from traditional smoking products [1]
Nuveen to Buy U.K. Asset Manager Schroders in $13.5 Billion Deal
WSJ· 2026-02-12 07:37
Group 1 - Schroders received several approaches from Nuveen [1] - Schroders intends to recommend the bid as it represents attractive value for shareholders [1]
SoftBank Group Posts Quarterly Profit on Tech Funds Gains
WSJ· 2026-02-12 07:27
Group 1 - The Japanese technology investment company reported a net profit of 248.59 billion yen, which is approximately $1.62 billion, for the three months ending in December [1]
Sanofi Names Merck KGaA's Garijo to Replace Hudson as CEO
WSJ· 2026-02-12 07:08
Group 1 - The company's board of directors decided not to renew Hudson's mandate, leading to a leadership change [1] - Garijo has stepped in as the new leader following the board's decision [1]
AB InBev Upbeat for 2026 After Volumes Decline Slows
WSJ· 2026-02-12 06:48
The world's largest brewer said it is confident of continued earnings growth after beer sales volumes fell 1.5%, less than expected. ...
South32 Has No Plans to Supply U.S. Critical Minerals Stockpile
WSJ· 2026-02-12 06:37
Group 1 - The Australian metals producer expects strong demand for zinc from North American smelters facing raw material shortages [1]
Mercedes-Benz Expects New Models and Cost Cuts to Drive Earnings Higher This Year
WSJ· 2026-02-12 06:26
Core Insights - The German luxury-car maker plans to launch over 40 new models by 2027, indicating a strong commitment to innovation and expansion in its product lineup [1] - The company is currently operating on three shifts to meet the high demand for its vehicles, reflecting robust market interest and sales performance [1]
Origin Energy Sees Opportunity for Data Centers by Its Power Plants
WSJ· 2026-02-12 05:00
Core Viewpoint - The Australian company, Origin, is expected to benefit from supplying energy to data centers, which are anticipated to drive future growth in power demand [1] Company Summary - Frank Calabria, the chief executive of Origin, highlighted the company's strategic position as a supplier of energy to data centers [1]
Sanctions, Ship Seizures and Low Prices Squeeze Russia's Oil Industry
WSJ· 2026-02-12 04:00
Core Insights - Moscow is facing significant challenges in selling oil, with millions of barrels currently floating on the water, indicating a surplus and lack of buyers [1] - The situation has led to record price discounts for Russian oil, reflecting the difficulties in the market [1] Industry Summary - The oil market is experiencing a notable oversupply, as evidenced by the large volume of unsold oil waiting for buyers [1] - Price discounts for Russian oil have reached unprecedented levels, highlighting the competitive pressures and market dynamics at play [1]