The views expressed in these articles are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of these articles are not intended as investment advice and will not be updated after publication.
Latest News
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Starbucks plays the “long game” in China
Coffeehouse kingpin Starbucks is right on the cutting edge of the trade war between China and the US. A massive American business that considers China its second market, the company hasn’t been hit by tariffs yet – but CEO Kevin Johnson says that he ... -
PayPal takes a stand against extremists – on both sides of the political divide
Online payments giant PayPal has recently announced that it will be ‘de-platforming’ a number of extreme political groups, closing their accounts. This move by PayPal is not unique – platforms from Twitter to Google have been restricting access to ... -
Samsonite sees profit jump by 33% in third quarter of 2018
Luxury luggage market leader Samsonite reported earnings for the third quarter of 2018 this week, demonstrating an increasingly profitable business that is holding up well despite the current trade disputes between China and the US. That said, “holding up ... -
Novartis announces initiative to fund five new sickle cell disease proposals
Pharmaceutical giant Novartis has announced the launch of its 2018 STEP (Solutions To Empower Patients) program, and this year the company will be looking to ease the suffering of those with Sickle Cell Disease (SCD). The company will solicit proposals under five ... -
As streaming platforms conquer the music industry, Spotify wants to be your record label
Traditionally, the music industry works like this: an artist signs with a record label, which scores deals with various platforms (radio, streaming services, and other media), and then the music is put out through that platform. That means revenue from the music ... -
Chinese consumers increasingly search for retail “experiences”
It’s well-known that shoppers in the west are searching for “experiential” retail experiences. That’s truer of the luxury sector than, perhaps, anywhere else, given its higher pricing points and long association with values like opulence and ... -
Amazon’s search for a second HQ is officially over!
It’s official: tech titan Amazon’s search for a second headquarters is over! The company has been a source of frenzied speculation this year, after it announced that it would be opening a second headquarters in the U.S., creating as many as 50,000 new ... -
Connected cars are the future – and sales are set to rise
According to Bloomberg New Energy Finance, the trend towards connected cars is about to deliver. Sales of cars that offer built-in cellular-network connectivity hit around 5.9 million a quarter at the beginning of the year. Then, they hovered there on a temporary ... -
Growth Stock Volatility Persists
After the previous period of elevated volatility in growth stocks (in May 2018) we emphasised that, although equity draw-downs are never pleasant, growth stocks tend to outperform equity markets in the long run. This notion has not changed. Growth stocks by their ... -
Google’s getting into travel – and it’s perfectly positioned to be a disruptor
In the ecommerce arena, personalisation has become a driving force of market dominance. Companies like Netflix and Amazon rely on powerful algorithms to present curated results to their customers that they’re more likely to find appealing. And even in a year ... -
Domino’s Pizza continues to embrace the innovative with eSports investments
Domino’s Pizza, the market-leading pizza house chain that’s as famous with investors for its innovative use of tech as it is for its fast food, has committed to yet another innovative spending strategy. The company is getting into eSports. Domino’s ... -
Kering continues to make in-roads in sustainability with an ethical cotton supply chain
The luxury sector hasn’t always had the most eco-friendly impact on the planet. But luxury giant Kering is looking to change that – and has been doing so for some time. The company has won numerous awards and plaudits for its work on making luxury more ... -
Activision Blizzard beats the Street, but shares fall on reiteration of guidance
Market-leading games developer and publisher Activision Blizzard reported earnings last week that demonstrated a strong underlying business. The company beat the Street’s expectation on earnings, and its stable of powerful intellectual property looks to be ... -
Alibaba sets new record for Singles’ Day – outsells Amazon’s Prime Day total in 10 minutes!
Chinese tech titan Alibaba held its annual Singles’ Day online shop-a-thon last weekend. Observers have been fretting about the event, wondering whether pressures on the Chinese economy – including the on-going trade dispute with the U.S. – would ... -
Amazon and Apple: frenemies unite to pursue growth
Tech titans Amazon and Apple (both of whom saw their market caps extend beyond the trillion-dollar mark earlier this year) haven’t always been the best of friends. In 2015, Amazon stopped selling Apple’s TV media streaming device, because it wasn’t ... -
YNAP acquisition boosts sales in Richemont’s first half
Luxury giant Richemont, the company behind brands like Cartier and Piaget, reported a mixed bag of earnings at the end of last week. Sales rose, but profitability fell, and the company’s revelation that Chinese demand was cooling (that’s a relative ... -
Take-Two Interactive beats the Street, raises guidance thanks to Red Dead 2’s outperformance
Video game developer and publisher Take-Two Interactive released quarterly earnings at the end of last week that blew analysts’ expectations – as well as its own comparable figures – out of the water. Usually, that would be big news. But when it ... -
LVMH praises Chinese crackdown on counterfeiting
Luxury titan LVMH, the company behind brands like Marc Jacobs, Guerlain, and Bulgari, has had a long slog against counterfeiters in China. Weak intellectual property (IP) regulations have resulted in decades of famous brands losing out to cheap knock-offs that carry ... -
GoDaddy beats on revenue, misses on profit
GoDaddy, the market-leading internet domain company, reported earnings last week that beat the Street’s predictions on revenue but missed on profitability. Despite this miss, it’s hard to argue that GoDaddy’s wider financials were anything other ... -
Ctrip, China’s biggest player in the online travel space, reported earnings last week that beat the Street’s expectations on top- and bottom-line measures. Its third quarter saw significant growth from the year-ago period, and its guidance was ... -
The world’s largest online dating company, Match Group, reported third quarter earnings this week. Investors should be pleased to see that the company’s ‘superstar’ product (casual dating app Tinder) continues to push it from strength to ... -
Adidas beats on earnings, raises profit guidance
German sneaker giant Adidas reported third-quarter earnings this week, demonstrating increased profitability despite a small miss on revenue expectations. The company said it’s making in-roads everywhere except western Europe (where sales remained largely ... -
Ferrari shares decline after earnings beat, guidance reiteration
Third-quarter earnings were always going to be a dicey time for luxury supercar maker Ferrari. The company has had a rough year following the sudden and unexpected death of its superstar CEO Sergio Marchionne, which rocked investor sentiment. Add to that the fact ... -
Cognex reports third quarter, beats the Street despite declines
Machine vision expert Cognex reported declines in revenue and earnings for its third quarter – the result of significantly lower revenue from its OLED display and smartphone manufacturing customers. This was always on the cards, and Cognex had warned investors ... -
Booking Holdings share price jumps on solid third quarter
Online travel titan Booking Holdings (previously known as Priceline Group) reported third quarter earnings this week that demonstrated a strong underlying business. While the company displayed solid fundamentals across the board, and logged a slight beat on revenue, ... -
Xylem reports strong quarter with double-digit earnings growth
Global water technology company Xylem is becoming more and more relevant every day. The company is a major player in the fight against a global water crisis and the most pernicious effects of climate change. During the last quarter, a major study was released that ... -
Marriott beats on earnings, but misses on revenue
The world’s largest luxury hotelier, Marriott International, reported a mixed bag of earnings this week. On the one hand, the company outperformed expectations on profitability by a significant margin – on the other, revenue came in slightly below ... -
Cognizant Technology Solutions reports Q3 – revenue rises to over $4 billion
Cognizant Technology Solutions, a world leader in the provision of professional services to a wide range of industries, announced third quarter earnings last week. The company said it was continuing to shift services over to digital platforms, building new ... -
Spotify beats on revenue and earnings – but share price declines on weaker than expected guidance
Market-leading music streaming platform Spotify reported third quarter earnings this month, demonstrating an underlying business that was outperforming competitors. That strength led it to beat the Street’s expectations on both revenue and earnings – but ... -
As the trend towards animal companions continues, IDEXX beats the Street
IDEXX Laboratories is the front-runner in the race to provide people with everything they need to keep their animal companions happy. Long gone are the days when pets were considered second-class members of the family. Many millennials, who are waiting to have ... -
Viasat delivers incredible quarterly earnings, share price surges
Viasat, a provider of high-speed internet via satellite, reported earnings at the end of last week. Investors liked what they saw, sending the share price almost as high as the company’s satellites. As high-speed internet connections become more and more ... -
Strong app traffic helped Baidu beat revenue estimates last quarter
Baidu, the Chinese internet giant often compared to Google in the west, has reported better than expected earnings as its mobile app helped to drive traffic to the country’s biggest search engine. Baidu has suffered this year amid trade disputes, pressure on ... -
The Bezos view: automation won’t put people out of work
Jeff Bezos, the founder and head honcho of ecommerce titan Amazon, has strong views on the future of work: robots won’t replace us, and automation will make the working world better. At a benefit for the science and tech non-profit FIRST, Bezos detailed his ... -
Alibaba narrowly misses on revenue – beats on everything else
At the end of last week, Chinese ecommerce giant Alibaba reported second quarter earnings. Alibaba is often described (only somewhat correctly) as a ‘Chinese Amazon’, and the similarities have never been more apparent: both companies logged a beat on ... -
Live Nation reports “best quarter ever”
For Live Nation, the market leading live music and entertainment promoter, November started with a bang. The company has just reported its “best ever” quarter, bringing in record revenues for the three-month period, and stating that it’s now on ... -
Bright Horizons posts “bright” results for third quarter
Bright Horizons Family Solutions, the market-leading full-service provider of childcare in the US and UK, reported strong third-quarter earnings at the end of last week and reiterated its guidance. The company is continuing to ride out positive long-term trends, ... -
Starbucks beats the Street, turns around domestic slump
Luxury coffee giant Starbucks has reversed a domestic slump to post better than expected results in its latest quarter. The company, whose growth largely rests on two markets, China and the U.S., made headway in both to deliver results that hint at a turnaround for ... -
Singles’ Day is one week away – here’s what you need to know
November 11 marks the world’s biggest online shopping extravaganza: Singles’ Day. But, unless you’re Chinese (or a long-time investor in Dominion’s Global Trends Ecommerce Fund), you may well have never heard of it. The brainchild of Chinese ... -
Amazon takes step backwards on politics, will stop pushing Washington Post
Ecommerce giant Amazon has announced that it will stop sending Washington Post stories to customers. The newspaper, which is owned by Amazon founder Jeff Bezos, has a decidedly liberal slant, and has been heavily critical of US president Donald Trump. While Bezos ... -
Hexagon earnings jump 13% from previous year, beats on sales
Geospatial measurement company Hexagon AB has reported earnings for its third quarter, beating the Street and seeing success in China and Europe. The group posted a 10% jump in net sales, and 13% in operating earnings (both on a year on year basis). Adjusted ... -
Spotify makes major push into US with FREE Google Home Mini for Family Plan users
Market-leading music streaming platform Spotify is offering account owners on Spotify Premium Family Plans an incredibly attractive free gift: a Google Home Mini! The company is partnering with search engine giant Google to give out the voice assistant to account ... -
Estee Lauder beats the Street – more proof that Chinese demand holds strong
Chinese demand has boomed for cosmetics and high-end skincare products, according to Estee Lauder, a market-leading cosmetics brand that reported earnings this week. Echoing the sentiments of other big luxury brands that have reported earnings in October, Estee said ... -
Aptiv beats the Street on revenue and earnings
Aptiv is a self-driving car company at the forefront of modern auto-trends. Heavily positioned to be a front-runner in the supply of systems that enable autonomous driving and electrification, the company already has partnerships with a number of carmakers, and is ... -
Alphabet’s Waymo scores a massive win in California
Alphabet, the company formerly known as (and now parent company to) Google, has scored a massive win in California. Waymo, Alphabet’s driverless car business, has been awarded the state’s first permit to test driverless vehicles on the roads! This is a ... -
Take-Two Interactive’s share price surges thanks to Red Dead 2
Market-leading game developer and publisher Take-Two Interactive saw its share price surge after releasing the long-awaited sequel to its stand-out hit Red Dead Redemption. We covered the launch (and reception) of Red Dead Redemption 2 when it came out earlier this ... -
Mastercard beats the Street in third quarter on strong U.S. consumer spending
Cashless transaction giant Mastercard reported third quarter earnings this week that beat the Street’s predictions. In outperforming for the three months ending in September, Mastercard joins peers Visa and PayPal (also held in Dominion’s Global Trends ... -
Earn an extra billion and save the waves – all in a year’s work for Adidas
Fashionable sportswear brand Adidas, best known as a purveyor of high-quality sneakers, has a new mission: to save the world’s oceans. Our seas are in trouble: as we continue to manufacture disposable plastics which are later dumped, it’s estimated that ... -
Givaudan invests in Indonesian centre, completes Centroflora Nutra acquisition
Global flavour and fragrance group Givaudan – the company behind thousands of the scents and tastes we encounter on a daily basis – has invested CHF 2.9 million in a new commercial and development centre in Jakarta, Indonesia. The site, which totals ... -
The future of video games lives in the cloud
The $34.6 billion games console industry is poised to face a powerful new competitor in the very near future: cloud-based gaming. Analysts have touted the emergence of games delivered over the web as a death knell for the console industry for years, but today, it ... -
When investors and analysts disagree: the curious case of Inditex
Investors fell out of love with Spanish fast-fashion titan Inditex around 18 months ago (although it had a pretty strong 3 months from March to June). Over the last year, they’ve conspired to send its share price down by 21% - a reversal of sentiment given ...
Latest News
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Starbucks plays the “long game” in China
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PayPal takes a stand against extremists – on both sides of the political divide
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Samsonite sees profit jump by 33% in third quarter of 2018
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Novartis announces initiative to fund five new sickle cell disease proposals
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As streaming platforms conquer the music industry, Spotify wants to be your record label
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Chinese consumers increasingly search for retail “experiences”
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Amazon’s search for a second HQ is officially over!
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Connected cars are the future – and sales are set to rise
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Growth Stock Volatility Persists
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Google’s getting into travel – and it’s perfectly positioned to be a disruptor
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Domino’s Pizza continues to embrace the innovative with eSports investments
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Kering continues to make in-roads in sustainability with an ethical cotton supply chain
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Activision Blizzard beats the Street, but shares fall on reiteration of guidance
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Alibaba sets new record for Singles’ Day – outsells Amazon’s Prime Day total in 10 minutes!
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Amazon and Apple: frenemies unite to pursue growth
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YNAP acquisition boosts sales in Richemont’s first half
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Take-Two Interactive beats the Street, raises guidance thanks to Red Dead 2’s outperformance
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LVMH praises Chinese crackdown on counterfeiting
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GoDaddy beats on revenue, misses on profit
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Ctrip beats on top- and bottom-lines – but pressure on Chinese stocks continues to weigh share price down
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Match beats the Street on earnings and revenue, but weaker than expected guidance sends the share price down
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Adidas beats on earnings, raises profit guidance
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Ferrari shares decline after earnings beat, guidance reiteration
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Cognex reports third quarter, beats the Street despite declines
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Booking Holdings share price jumps on solid third quarter
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Xylem reports strong quarter with double-digit earnings growth
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Marriott beats on earnings, but misses on revenue
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Cognizant Technology Solutions reports Q3 – revenue rises to over $4 billion
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Spotify beats on revenue and earnings – but share price declines on weaker than expected guidance
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As the trend towards animal companions continues, IDEXX beats the Street
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Viasat delivers incredible quarterly earnings, share price surges
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Strong app traffic helped Baidu beat revenue estimates last quarter
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The Bezos view: automation won’t put people out of work
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Alibaba narrowly misses on revenue – beats on everything else
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Live Nation reports “best quarter ever”
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Bright Horizons posts “bright” results for third quarter
-
Starbucks beats the Street, turns around domestic slump
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Singles’ Day is one week away – here’s what you need to know
-
Amazon takes step backwards on politics, will stop pushing Washington Post
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Hexagon earnings jump 13% from previous year, beats on sales
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Spotify makes major push into US with FREE Google Home Mini for Family Plan users
-
Estee Lauder beats the Street – more proof that Chinese demand holds strong
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Aptiv beats the Street on revenue and earnings
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Alphabet’s Waymo scores a massive win in California
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Take-Two Interactive’s share price surges thanks to Red Dead 2
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Mastercard beats the Street in third quarter on strong U.S. consumer spending
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Earn an extra billion and save the waves – all in a year’s work for Adidas
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Givaudan invests in Indonesian centre, completes Centroflora Nutra acquisition
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The future of video games lives in the cloud
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When investors and analysts disagree: the curious case of Inditex
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Restaurants are shrinking – but that’s a good thing for the food industry!
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Eurofins raises guidance again after strong third quarter and successful spate of acquisitions
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Economic Outlook for November 2018
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Record profit wasn’t enough to pacify Amazon investors last week
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Alphabet’s third-quarter revenue misses by a fraction – share price declines
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Constellation Brands looks to sell wine portfolio for $3 billion
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Grubhub smashes expectations, reports a record third quarter – but share price declines?
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Red Dead Redemption 2 is out – and it’s already being heralded as one of this era’s best ever video games
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GlaxoSmithKline turns to COPD inhalers as Advair sales dry up
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Galaxy CEO: Q3 was a success despite typhoon
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Visa shares rise on strong earnings that beat expectations
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Moncler: third quarter revenues rise by 18%, “very positive signs” in Q4
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Alibaba mines huge data trove for consumer insights
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US authorities say self-driving cars need better safety measurements
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Kering beats the street thanks to Chinese consumers – and that’s good for luxury
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India breaks record for number of unicorns produced in a year – even though it’s only October!
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Netflix: we don’t advertise shows on a racial basis
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Royal Caribbean looks to the future with millennial cruisers
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Domino’s expansion works for its delivery drivers – not against them
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Who says China and the US can’t get along? Baidu joins US-led AI group
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Radisson Hotels looks to drive growth with Ctrip partnership
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Amadeus digs into deep pockets to acquire TravelClick
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LVMH looks to entice a captive audience on the ocean
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Winemakers (and investors) rejoice: Bordeaux is on its way to a classic year
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Spotify pushes personalisation into new territory with radio
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Assa Abloy sees strong third quarter
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Remy beats the street in second quarter, not worried about China and sticks to high profit forecast
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PayPal share soar on good results and increased guidance
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Half a billion in sales in just three days: Activision’s share price falls on ridiculous expectations
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Amazon Prime’s US growth flattens – can it be replicated elsewhere?
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October is ‘Go’ month for Red Dead Redemption 2 – here’s what that means
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Google to start charging phone makers for access to European app store
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Ferrari gets top rating from Bank of America
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Grubhub’s CEO discusses what’s in store for the food delivery market
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Netflix smashes expectations, share price soars
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The sky’s the limit for Bombardier as demand for luxury planes increases
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Les Journees Particulieres is bringing U.S. consumers inside some of the world’s biggest luxury brands
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Global Payments extends reach into restaurant technology with SICOM Systems acquisition
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Mastercard preaches optimism when it comes to UK market share
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Amazon signals continued support for U.S. Defence Department
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Chr. Hansen reports solid growth and an acquisition
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EssilorLuxottica is FINALLY a thing!
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Online DNA testing firms are making everyone – not just their customers – identifiable online
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PayPal looks to revolutionise personal finances in America with the help of Walmart
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Samsonite’s ‘Kerala is Open’ ad campaign goes viral
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Live Nation diversifies with a Clinton speaking tour
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How are millennials eating? The demise of American cheese says it all
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Ferrari bears reconsider their position after announcement of strategic plan
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Activision Blizzard share price rises on back of new Call of Duty launch
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Extremists are ‘so over’ YouTube
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Netflix swamped its platform with a record amount of original content in third quarter
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Adidas unveils new membership program
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GoDaddy founder steps down from board
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Hexagon AB expands in India, focuses on smart cities and acquisitions
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Market Comment for October 2018
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Why Xylem Inc. remains a solid play against the impending water crisis
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LVMH: sales remain strong, but commentary sends the share price down
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Amazon Web Services lands another $1 billion in deals
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Understanding Remo Ruffini’s Moncler transformation
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Givaudan impresses with 9-month results
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Amazon is front-runner in huge Pentagon cloud-computing deal
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Wolters Kluwer partners with Numerated to bring “industry-leading” compliance to banks
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World of Warcraft chief gets major promotion in Activision Blizzard top team reshuffle
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Estee Lauder takes the fight to breast cancer
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Bombardier’s biggest jet is ready to take to the skies
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Cognizant announces Softvision acquisition
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Amazon embarks on data-driven logistics pilot in Brazil using bullet-proof trucks
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The next big trend in healthcare? Speciality medicine for Asian patients
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Gucci boss: slower growth is on the way, but we’re still nailing it
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Constellation Brands beats the Street on a beer boom
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Tencent Music is a different type of streaming service
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Limited edition Ferrari Monzas already assigned to 499 ‘lucky’ clients
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GlaxoSmithKline loosens restrictions on doctor payments
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Take-Two CEO talks China
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Over 50% of global population now middle class
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Amazon seeks to fend off critics with $15 minimum wage
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What’s in H&M’s future? A concept store in Sweden could offer the answer
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Eurofins expands U.S. environmental testing service with new acquisition
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Economic Outlook for October 2018
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Netflix looks to evolve storytelling with interactive Black Mirror episodes
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Tencent announces reorganisation – focuses on ‘industrial’ internet
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Richemont considering Buccellati purchase
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Does Amazon Video have its sights set on Lions Gate?
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China drafts sweeping regulations for online travel players
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Grubhub pushes further into college campuses with Tapingo acquisition
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Kering joins Europe’s biggest and best in STOXX 50 Index
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As Big Tech faces more controversy, Google finds its voice
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Celine’s new designer just declared war
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How much do people love live music? You might be surprised…
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Amazon moves into yet another market: now, it’ll sell you a bed!
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One day, Alexa will be everyone’s housemate
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Adidas’ latest sneaker drop is a bold example of how far footwear engineering has come
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Visa: the U.S. is FINALLY ready for contactless payments!
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Xylem named in top ten of Fortune’s 2018 “Change the World” list
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Alphabet adds its voice to internet regulation debate, appoints new privacy officer
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Bumble takes Match to court – Match isn’t worried
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Moncler set to make the most of Chinese ecommerce with Alibaba’s dedicated luxury platform
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SiriusXM’s Pandora acquisition brings the online radio player closer to Live Nation – but might another acquisition be in the works?
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PayPal: mobile commerce continues to rise, now accounts for 25% of all online sales
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Mastercard becomes first global eSports sponsor through partnership with League of Legends
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Marriott international showcases new loyalty scheme in South Africa
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Ctrip CEO: brands must retain ‘local culture’
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Samsonite planning 10% price hike in reaction to trade war tariffs
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Amazon wants in on Indonesian ecommerce too
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Estee Lauder adopts “micro-storytelling” strategy to connect with consumers
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Tetra Tech wins $21 million award to improve Prey Lang conservation from USAID
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Generating returns from global change
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Amazon considering an expansion of brick and mortar offering with up to 3,000 cashierless stores!
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Alphabet gets into trucking tech
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Treasury Wine Estates aims to “demystify” Italian wine for older Millennials
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When it comes to music streaming Spotify leads the pack: 50% of free users purchase subscriptions
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Take-Two CEO: the future of gaming is cross-platform
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Marriott International holds ‘Run to Give’ in China, donates 1.2 million yuan to Operation Smile
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Chinese Big Tech makes a huge play for Indonesian market
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Mandy Ginsberg’s three takeaways about Match Group
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Who was the biggest winner at this year’s Emmy Awards? Netflix – share price advances 5% as a result
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Amazon increases digital ad market share at Facebook and Google’s expense
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Polypipe buys Permavoid in play for urban water challenges market
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Ferrari looks to boost profit margin through 2022 with special edition supercar
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Jefferies sees Activision Blizzard’s Call of Duty becoming a major esports business
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H&M sees share price soar on back of strong growth
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World watches video, discover what it already knows: Silicon Valley liberals don’t like Trump
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U.S. healthcare poised for ‘disruptive’ change in drug pricing
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Amazon founder creates $2 billion fund to help children and the homeless
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PVH Corp. awarded 2018 U.S. Secretary of State’s Award for Corporate Excellence for sustainable business practises overseas
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Mastercard and Microsoft partner to “erase borders for smaller businesses”
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The population might be growing, but lower fertility rates point to new problems down the line
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Inditex sees record sales and profit thanks to online efforts
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Monoprix looks to conquer the upper end of the market with Amazon partnership
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Hermes thanks Asia for stellar first half of 2018 – despite trade war!
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Live Nation looks to achieve zero waste across 20 venues by 2020
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Anta Sports makes bid for Finland’s Amer Sports
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The race to buy Horlicks is on – and a major new player just got involved
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Givaudan says complete control of Naturex just around the corner
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Spotify adds Nielsen Brand Effect to give advertisers confidence
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Amazon: business-to-business platform “on pace” for $10 billion annually
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Zalando trusts “Bread & Butter” approach to branding
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As companies compete to win in India, expect more large-scale M&A
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PayPal puts principles first – despite the haters
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Activision Blizzard’s Overwatch League heats up with 6 new teams
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Richemont resurrects the role of CEO
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Indian Ecommerce is headed sky high
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LVMH’s Zenith is a watchmaker with a plan: Chinese millennials!
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Alibaba’s Jack Ma steps down next year
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Musk: ignore the “fuss and noise in the media” – Tesla’s on form
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Assa Abloy is taking fire door safety seriously
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Toronto Film Festival shows Netflix some love
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Britain: forget Michelin stars – we’re all about the takeaways!
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Google plays hard to get with Congress
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Kering contributes to French culture with sponsorship of Héloïse and Abélard chest's return to France
