Looking back at last week’s articles.
This week started with Toys R Us, the toy shop chain, going bankrupt in the US & Canada. Meanwhile, the UK’s finances don’t look that great either: they just got a ratings cut. Yet with the start of Fashion Week, we saw how confident Michael Kors is to acquire shoemaker Jimmy Choo.
Wednesday marked the 10 year anniversary of the collapse of UK bank Northern Rock. And it came with a stark warning from a leading think tank on the state of the banking sector. However, for Hugo Boss, things are looking good. And maybe with Google’s help, smartphone maker HTC may too soon see the good times.
Mixed news at Versace, with revenue up but profits down. Whilst no one was surprised by Rupert Murdoch’s plan to buy Sky being referred to the CMA. On the other hand, there was a welcome surprise with Poland seeing its GDP growing faster than expected.
Friday saw the scandal engulfing credit researcher Equifax force the CEO’s departure. And talking of departures, fashion brand Burberry thinks Brexit will create lots of opportunities. But in the US, pharma prices again are coming back into the spotlight.