Europe’s upcoming corporate earnings season is likely to show whether the renewed optimism about the economy that has buoyed equities in recent weeks is grounded in reality.
Falls in gas, oil, and other commodity prices over recent months have also eased some of the pressure on companies' costs.“Companies are telling us that it's going to be harder to pass on rising costs to customers in 2023 as economic growth slows,” said Nigel Bolton, co-chief investment officer of BlackRock Fundamental Equities.
That's half the level expected just two months ago. Excluding the energy sector, growth would be 4.5%.In updates so far, sales from Cartier jeweller Richemont and British luxury brand Burberry missed expectations. Europe’s largest meals delivery company Just Eat Takeaway.com said orders declined over the quarter.
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LIVE | DA vs ANC court battle over cadre deployment - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.LIVE | The DA heads to court to have cadre deployment declared unlawful and unconstitutional, in its quest to have the policy abolished. cadredeployment Wait … doesn’t DA participate in cadre deployment? Or am I missing something? Good luck DA. Is there a member of any black-led political party who is leading a ministry in any of DA-led Municipalities? If not, is that not cadre deployment?
Source: SABCNews - 🏆 37. / 51 Read more »
Court bid to fight ANC's cadre deployment policy - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Democratic Alliance (DA) will be heading to court on Monday to have the cadre deployment policy of the African National Congress (ANC) declared unlawful and unconstitutional, in its quest to have the policy abolished. They should also enforce those who're beneficiaries of this lunatic deployment be investigated, but know DA they're afraid of putting Cyril under severe pressure. Dramatic alliance Yet another publicity stunt by the uneducated John Steenhuizen!
Source: SABCNews - 🏆 37. / 51 Read more »