Shares of Burberry surged 16% after reporting a smaller-than-expected sales decline in the fiscal third quarter under CEO Joshua Schulman. Comparable sales dropped 4%, beating analysts’ estimates of a 12% decrease. Total revenue for the festive period was £659 million, with sales up in the Americas but down in Asia Pacific and Europe, Middle East, India, and Africa.
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French Socialists threaten to topple Bayrou government over pensions
France's Socialist party threatens a no-confidence vote against Prime Minister François Bayrou's government following failed pension reform negotiations to raise the retirement age from 62 to 64. With a fragmented parliament and the potential for increased budget deficits, the government's survival hinges on finding a compromise or facing censure. Need More Context? 🔎
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