Category: Decline
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XTX Holdings (UK) Limited Posts Double-Digit Profit Decline in 2023
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XTX Markets’ global UK subsidiaries have published their 2023 financial results, revealing their profits fell by double digits. Despite this, the company’s management views the results positively, noting that 2022 was an exceptionally strong financial year. Net revenues and profits at XTX Markets UK fell sharply According to the report…
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Dollar decline pauses, markets eye April core PCE data By Investing.com
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The recent downtrend of the US dollar has halted, in line with the forecasts of financial institution ING. Analysts noted that US economic data did not provide enough momentum to push the dollar significantly lower at this time. This comes after unemployment claims fell to 222,000 from the previous week’s…
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BuzzFeed reports Q1 revenue decline, eyes AI for growth By Investing.com
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BuzzFeed Inc. (BZFD) has disclosed its financial results for the first quarter of 2024, revealing a revenue decrease of 18% year-over-year to $44.8 million. Despite the overall downturn, the company has seen a rise in programmatic advertising revenues and is focusing on artificial intelligence (AI) to enhance audience engagement and…
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UK House Prices Decline for Second Consecutive Month Amidst Rising Mortgage Rates
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UK house prices fell significantly in April, recording the biggest fall since last summer, as rising mortgage interest rates restricted the purchasing power of potential buyers. According to Nationwide Bank, the main lending bank, house prices fell by 0.4 per cent last month, marking the second consecutive monthly decline and…
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Mulberry Faces Sales Decline Amidst Luxury Market Slowdown
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Mulberry, the British luxury brand known for its exquisite leather handbags, faced a 4% decline in annual sales, reflecting broader trends of lower spending among affluent consumers. Despite growth in international markets, particularly in the US, the company faces challenges in the UK and Asia, reflecting the prevailing decline in…