Makeovers at a number of its dedicated shops helped to offset the decline of US department stores and pump up first half profits at Jimmy Choo, the British luxury fashion brand. The company, which is in the process of an £896m takeover by Michael Kors, reported a 16.5 per cent increase in revenues in the…

Hyundai Motor has resumed production at its China factories after operations ground to a halt on Tuesday, when a local supplier refused to provide necessary parts after not receiving payment. The carmaker said its China operations had resumed early in the afternoon on Wednesday after its shares dropped as much as 3.8 per cent during…

Russia’s largest gas producer, Gazprom, has reported a more than 80 per cent plunge in net income for the second quarter, on a foreign-exchange hit to its non-rouble denominated debt. The state-run gas exporting monopoly said on Tuesday its second-quarter net income was Rbs 47.9bn ($817mn), down from Rbs 244.9bn a year ago. Analysts had…

Donald Trump became US president by promising to create American jobs, and his political future could depend on whether his base thinks he succeeded in doing so. However, an analysis of the new jobs he has tweeted about since his election show that most were already in the works long before he became president, and…

Goldman Sachs still wants to be number one. So far, so typical for the bank, which likes to trumpet its top ranking in global league tables in each earnings update. But the ambition here relates to Asia’s equity capital markets — a market increasingly dominated by Chinese business the US bank cannot get. Is this…

Frances O’Grady, general secretary of the TUC, said the final result was a ‘far cry’ from Theresa May’s original promise to crack down on corporate excess © AFP Theresa May’s plans to take on irresponsible capitalism were condemned as “feeble” by the Trades Union Congress, which said they amounted to business as usual for British…

North Korea has launched a ballistic missile that overflew Japan, an aggressive step the country has not taken in almost 20 years and which will undermine protracted US efforts to bring the nuclear aspirant to the negotiating table. The Japanese government issued an alert in its second largest island, Hokkaido, to take cover, putting residents…

The former chief risk officer at Lloyds Banking Group initially refused to sign off a £10bn loan facility to help rescue HBOS at the height of the 2008 banking crisis, because of concerns about the transaction, court documents have claimed. The allegation has been made in a £600m High Court lawsuit brought by 6,000 investors…

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