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Kering shares pop after Gucci reports a sharp sequential improvement, signaling a turnaround for the luxury brand.

Gucci’s Back: Kering Shares Soar on Major Sequential Improvement in Flagship Brand

Aisha Ajaz02 mins

Shares of luxury group Kering saw a strong jump in early trading. This surge follows positive news regarding its largest brand, Gucci. The company reported a sharp sequential improvement in Gucci’s performance. Sequential improvement means performance was much better than in the previous three-month period. This news is highly important for Kering. Gucci is its…

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Nokia beats profit estimates, announcing it will scale down venture fund investments to focus on 5G technology

Nokia Beats Profit Forecasts, Shifts Strategy by Cutting Venture Fund Spending

Aisha Ajaz02 mins

innish telecom equipment maker Nokia recently reported its latest earnings. The company surprised investors by beating its profit estimates. This positive result comes despite challenging global market conditions. Strong demand for its 5G network gear helped drive the better performance. In a key strategic move, Nokia announced it is scaling down its venture fund investments….

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