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ING to Cut Jobs, Close Offices as Profit Misses Estimates
2020-11-05 20:09:00| National Real Estate Investor
The Dutch lender plans to cut 1,000 jobs and close all of its offices in South America and some in Asia.
N Brown in GBP100m equity raise as H1 profit tumbles
2020-11-05 11:02:00| Daily apparel & textile news and comment - from just-style.com
UK digital clothing retailer N Brown has outlined plans for a pre-emptive equity raise of about GBP100m (US$130.7m) to strengthen its balance sheet and accelerate profitable growth amid a drop in first-half profit and revenue.
Tags: brown
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SK Telecom's Q3 profit jumps more than 44% on equity gains from SK Hynix unit
2020-11-05 07:23:00| Telecompaper Headlines
(Telecompaper) South Korean operator SK Telecom posted revenue of KRW 4.73 trillion for the third quarter of 2020, which represents an increase of 3.7 percent year-on-year. Operating income reached KRW 361.5 billion, growing by 19.7 percent in the period. Growth was mainly boosted by improved performance of SK Telecom's mobile communication business and steep growth of its new businesses, the company said. Net income jumped 44.2 percent year-on-year, boosted by increased equity method gains from SK Hynix.
Hugo Boss returns to profit in Q3 as online surge continues
2020-11-04 12:13:00| Daily apparel & textile news and comment - from just-style.com
German luxury fashion brand Hugo Boss has seen profitability return to positive territory in the third quarter, despite a year-on-year fall of almost a quarter in overall revenue.
Tags: online
returns
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continues
Zalando "better prepared" for second Covid wave amid Q3 profit
2020-11-04 11:08:00| Daily apparel & textile news and comment - from just-style.com
German fashion e-tailer Zalando has swung to a profit in the third quarter and says it much better prepared than earlier in the year to deal with the Covid-19 crisis as a second wave of infections sweeps across Europe and leads to fresh lockdown restrictions.
Tags: prepared
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