PARIS, Nov 17 Reuters The slowdown in the luxury market following a postpandemic boom could not come at a worse time for Burberry, with designer Daniel Lee39;s first styles for the British label trickling into newly refurbished stores. Executives cautioned on Thursday that they would struggle to meet Burberry39;s annual revenue forecast, pointing to a darkening […]

SYDNEY, Nov 20 Reuters Westpac Banking Corp, Australia39;s thirdlargest bank by market capitalisation, said on Monday it would raise A750 million 488.1 million in an Additional Tier 1 AT1 capital transaction. Investors have already lodged bids worth A2.35 billion at the low end of the indicative margin range, according to a note sent by the […]

ZURICH, Nov 20 Reuters Julius Baer on Monday dampened profit expectations after it booked valuation adjustments of 82 million Swiss francs 92.6 million. The Swiss bank said that of the 82 million francs in valuation adjustments, 70 million francs were booked against the group39;s credit portfolio after Oct. 31, 2023. The overall quality of the loan […]

Resignation follows mass network outage CFO to take over as interim CEO Nov 20 Reuters The head of Australia39;s secondlargest telco Optus resigned on Monday, cutting short a more than threeyear tenure marred by a massive networkwide outage and one of Australia39;s largest data breaches. Parent Singapore Telecommunications announced the resignation of Optus CEO Kelly Bayer […]