Friday 11/08/23

In RETAIL & LUXURY GOODS NEWS, Amazon cuts house brands, Alibaba outperforms forecasts, Aldi cuts prices, Wilco fails, Ralph Lauren falters, Tapestry buys Capri Holdings and Watches of Switzerland blames the tourist tax. In TECH NEWS, the US wants allies to blank China tech investment, India passes a data protection bill and X goes for more functionality. In REAL ESTATE NEWS, Persimmon sheds jobs, Savills profits drop and rising mortgage costs hit households but NatWest and Virgin money cut mortgage rates. In MISCELLANEOUS NEWS, US inflation rises, Sony does a big media deal in India, Novo Nordisk ups sales forecasts and Deliveroo gets upbeat. AND FINALLY, I bring you a brilliant photo and a tasty-looking recipe...


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