Nike set for weak quarterly sales growth as On, Hoka chip away market share
Nike (NKE.N), is set to post its slowest revenue growth in two years when it reports fourth-quarter results on Thursday, due to a lack of innovation amid growing competition from Deckers’ (DECK.N), Hoka and Roger Federer-backed On . At least seven brokerages have cut their price targets on Nike since the start of the month, with many […]
The euro zone’s fragmented banking industry
Supporters for more consolidation in the euro zone’s banking sector have been watching Spanish lender BBVA’s (BBVA.MC), hostile bid for Sabadell (SABE.MC), alongside comments from some supervisors and lawmakers supporting the idea of more tie-ups. Regulators are keen for more consolidation – both within and across countries – because they believe fewer, stronger lenders will boost the economy […]