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BMW cut its 2024 outlook because of slumping China sales and problems with a brake supplied by Continental, affecting 1.5 million cars.

BMW expects €1 billion hit to earnings from tariffs

BBMW said newly imposed trade tariffs could dent the carmaker's earnings by €1 billion this year, as escalating trade tensions between China, Europe and the US take a mounting toll on global companies' finances.

Business • 14 Mar

L'Oreal said the 2.5% rise in fourth-quarter sales was a slowdown from the 3.4% rise in the third quarter, and the slowest quarterly growth since 2020

L'Oreal quarterly sales grow at slowest since Covid

French cosmetics group L'Oreal has reported the slowest quarterly rise in growth since the height of the pandemic, missing expectations, as Chinese demand stayed weak and growth in North America slowed.

Business • 07 Feb

Nissan Motor shares sank 12% today - their biggest decline in more than two decades

Nissan shares see biggest plunge in two decades

Shares in Nissan Motor tumbled 12% today, their biggest decline in more than two decades, after quarterly earnings undershot expectations by a large margin and it cut estimates for car sales due to stiff competition in China.

Business • 09 Feb 24

Burberry said that sales in Mainland China were up 46%, while sales in Europe rose 17%

Burberry reports 18% rise in Q1 comparable sales

British luxury fashion brand Burberry has today reported an 18% rise in its first-quarter comparable store sales, in line with market expectations thank to continued recovery in China.

Business • 14 Jul 23

Hugo Boss expects virus hit to worsen before recovery

German fashion house Hugo Boss said it expects the impact of the coronavirus pandemic to get worse before it gets better after reporting a 17% fall in first-quarter sales.

Business • 05 May 20

H&M is closing its stores in Poland, Spain, the Czech Republic, Bulgaria, Belgium, France, Austria, Luxembourg, Bosnia-Herzegovina, Slovenia and Kazakhstan, and some stores in Greece due to Covid-19

H&M's sales growth meets expectations, China down 24%

H&M, the world's second-biggest fashion retailer, has today posted a rise in first-quarter sales that roughly matched expectations and said sales in China fell 24% in the quarter.

Business • 16 Mar 20