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-Commonwealth Bank of Australia on Wednesday warned that lagged effect of high interest rates will continue to exert financial strain on household and business customers in fiscal 2024, and reported... -February 13, 2024 at 04:16 pm EST - MarketScreener
SYDNEY (Reuters) -Commonwealth Bank of Australia on Wednesday warned of downside economic risks building in Australia from continued high interest rates and persistent inflation, as the country's largest lender posed a drop in its first-half profit. The bank's profit, which still beat expectations, came a day after mortgage lending challenger Macquarie Group said it was gaining market share and signals a tough year for Australia's "Big Four" banks as they enter an environment of lower margins and fees. "As cash rate increases have a lagged impact on households a...
By Andrea Figueras Hermes said it is moving into 2024 with confidence after the Birkin bag maker weathered a slowdown in the luxury sector with a surge in fourth-quarter sales, helped by its... -February 09, 2024 at 05:44 am EST - MarketScreener
By Andrea Figueras Shares in Hermes jumped after the Birkin bag maker posted a surge in fourth-quarter revenue while some peers experienced a slowdown in sales during the period. At 0852...
By Andrea Figueras Hermes said it is moving into 2024 with confidence after the Birkin bag maker reported a surge in fourth-quarter sales despite a slowdown in the overall luxury sector. ...