half year results news and archive

Swatch says profits up in first half 2017

Swiss watchmaker Swatch said Friday that its profits rose in the first six months, but its performance was dampened by the strength of the Swiss franc. "The overvalued Swiss franc dampened growth in the first half of the year," Swatch said in its first half report. "As in the previous year, the first half of 2017 was characterised by worldwide...

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Burberry H1 Profits hit by currency fluctuations

ANALYSIS_ British luxury retailer Burberry reported a dent in its half-year profit, caused by adverse currency changes as demand for the brand weakened in Asia. On Wednesday the UK's biggest luxury retailer revealed a decline in pretax profit for the six months ended September 30, down to 142 million pounds from 159 million pounds compared to...