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LVMH posts record sales and profit in 2023
LVMH posts record sales and profit in 2023
by  AFP

The world's largest luxury goods group LVMH announced record results Thursday, even as growth slowed towards the end of last year and sales of spirits shrank. Besides clothing and leather goods, LVMH also posted sales growth in perfumes, cosmetics, watches, and jewelry, with wines and spirits being the only unit to shrink, down 4 percent for the full year.

Lloyds bank cuts almost 800 jobs in online switch
Lloyds bank cuts almost 800 jobs in online switch
by  AFP

British retail lender Lloyds Banking Group on Thursday announced a net reduction of almost 800 jobs, as it slashes branch staff but boosts customer services. Lloyds said in a statement that it will slash about 1,600 jobs across its branch network.

Alaska Airlines says expects $150 mn hit from 737 MAX grounding
Alaska Airlines says expects $150 mn hit from 737 MAX grounding
by  AFP

Alaska Airlines said Thursday it expects a $150 million hit from the Boeing 737 MAX grounding, which will limit its capacity growth in 2024. The Alaska Airlines financial hit is the latest ripple effect from the episode, which prompted US air regulators to ground 171 MAX 9 planes Earlier this week, United Airlines, another big MAX 9 user, projected a first-quarter loss due to the grounding.

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