Town Hall News

By Mimosa Spencer PARIS (Reuters) -Sales at Birkin bag maker Hermes rose 23% in the first quarter, above market expectations, as wealthy shoppers in China and Europe splurged on luxury fashion and accessories despite higher prices and global market turmoil. Sales for the three months ending in March came to 3.38 billion euros ($3.74 billion). The increase of 23%, at constant exchange rates, beat a Visible Alpha consensus for 15% […]

LONDON (Reuters) – Struggling British fashion brand Superdry said on Friday a potential equity raise of up to 20% backed by founder and CEO Julian Dunkerton was among funding options being considered. The group, whose shares have fallen 37% over the last year, also withdrew its profit guidance of “broadly breakeven” for its current year and is now forecasting revenue in the range of 615 million pounds to 635 million […]

By Mimosa Spencer PARIS (Reuters) -Sales at Birkin bag maker Hermes rose 23% in the first quarter, above market expectations, as wealthy shoppers in China and Europe splurged on luxury fashion and accessories despite higher prices and global market turmoil. Sales for the three months ending in March came to 3.38 billion euros ($3.74 billion). The increase of 23%, at constant exchange rates, beat a Visible Alpha consensus for 15% […]

LONDON (Reuters) – Ukrainian troops have been forced to withdraw from some territory in the battlefield city of Bakhmut as Russia mounts a renewed assault there with intense artillery fire over the past two days, Britain said in an intelligence update on Friday. “Russia has re-energised its assault on the Donetsk Oblast town of Bakhmut as forces of the Russian MoD and Wagner Group have improved co-operation,” it said, referring […]

By Kantaro Komiya TOKYO (Reuters) -Japan on Friday approved a plan to build the country’s first casino in the western city of Osaka, paving the way for a 1.8 trillion yen ($13.5 billion) resort set to open in 2029, aimed at attracting domestic and international tourist spending. The giant resort complex located on Yumeshima, a reclaimed island in Osaka Bay due to hold the World Expo in 2025, will also […]

TAIPEI (Reuters) -Taiwan President Tsai Ing-wen on Friday thanked fighter pilots who scrambled against China’s air force during its drills around the island and pledged to keep strengthening the armed forces, as Beijing’s military activities around the island ebbed. China began the exercises, including simulated precision strikes with bombers and missile forces, on April 8 after Tsai returned from Los Angeles, where she met U.S. House of Representatives Speaker Kevin […]

(Reuters) -Russia’s military on Thursday pressed on with unrelenting attacks on the smashed eastern Ukrainian city of Bakhmut and also shelled the southern city of Kherson, officials in Kyiv said. The Kremlin sees Bakhmut as pivotal in its slow-moving advance through eastern Ukraine more than a year after it invaded its neighbour. Ukrainian Deputy Defence Minister Hanna Malyar, writing on Telegram, said heavy fighting gripped all parts of the eastern […]

By Kantaro Komiya TOKYO (Reuters) -Japan on Friday approved a plan to build the country’s first casino in the western city of Osaka, paving the way for a 1.8 trillion yen ($13.5 billion) resort set to open in 2029, aimed at attracting domestic and international tourist spending. The giant resort complex located on Yumeshima, a reclaimed island in Osaka Bay due to hold the World Expo in 2025, will also […]

BENGALURU (Reuters) – Bodhi Tree, a joint venture between James Murdoch and a former Star India executive, has reduced its planned investment in Reliance’s broadcast venture Viacom18 by 70% and will now pump in 43.06 billion rupees ($527.84 million), Viacom18 said late on Thursday. Indian billionaire Mukesh Ambani’s Reliance Industries had said in April last year that Qatar Investment Authority-backed Bodhi Tree would spend 135 billion rupees out of a […]