Monday 10 September 2018
Thursday 12 April 2018
Wednesday 8 March 2017
Thursday 9 February 2017
Tom Brady sponsor Under Armour admits it has been off the pace
Shares tumble for US athleisure brand after worst performance in seven years but firm continues to surf tide of booming fitness industry
Tom Brady is enjoying a better February than the company that sponsors him. The New England Patriots quarterback is celebrating winning a record-breaking fifth Superbowl in the US, but Under Armour is facing questions about whether its own run of success is over.
Shares in the US maker of sportswear have fallen by around 30% in February after it warned that sales grew far less than expected in the final three months of 2016 and it had suffered its worst performance in seven years. The company, which also sponsors Sir Andy Murray and golfer Jordan Spieth, had previously reported 26 consecutive quarters of sales growth of more than 20%.
Related: Is athleisure dying out?
Continue reading...from Business blog | The Guardian https://www.theguardian.com/business/blog/2017/feb/09/under-armour-slow-growth-tom-brady-athleisure
Tuesday 3 January 2017
Monday 5 December 2016
How Italy became this century's 'sick man of Europe'
Joining the euro removed the country’s only means of overcoming economic troubles and restoring competitiveness
On New Year’s Day in 2002, Italians gathered in Rome to throw their lire into the Trevi fountain. There were celebrations as Italians took possession of the new euro notes and coins that became legal tender as the clocks struck midnight.
But hopes that the advent of the single currency would provide a fresh start for Italy’s economy were misplaced. The growth performance of the eurozone as a whole has been poor but Italy’s has been dismal. Greece and Spain at least had booms before their painful busts; Germany and France have managed to claw back the ground lost in the deep recession of 2008-09.
Related: Euro falls to 20-month low after Italy government's referendum defeat
Continue reading...from Business blog | The Guardian https://www.theguardian.com/business/blog/2016/dec/05/italy-euro-economy-competitiveness