Oct 22 (Reuters) - Online retailer Shein's revenue growth slowed to 23% in the first half of this year, from 40% last year, The Information reported on Tuesday, citing two people familiar with the matter, as it prepares for a highly anticipated listing in London. The deceleration in growth coincides with rising competition from Chinese bargain shopping site Temu, which...

MEXICO CITY (Reuters) - Mining and transport conglomerate Grupo Mexico on Tuesday reported a 17.55% increase in its net profit during the third quarter, boosted by copper prices and higher production levels. The company's net profit came in at $820.1 million, from revenues of $4.13 billion in the quarter that rose 13.13% compared with the same period last year. Grupo...

Oct 22 (Reuters) - Hedge fund Starboard Value called consumer products company Kenvue ( KVUE ) a bargain and said its skin health and beauty segment's lackluster growth is the reason for the stock's underperformance. Starboard Chief Investment Officer Jeffrey Smith said there is an opportunity to improve revenue growth and margins at the segment which has the Neutrogena and...

02:27 PM EDT, 10/22/2024 (MT Newswires) -- Bank of America ( BAC ) is looking to raise $3.5 billion via debt offering, joining other Wall Street banks that have been tapping into the US bond market, Bloomberg reported Tuesday. The firm is looking to sell subordinated notes that mature in 11 years and would yield around 1.32 percentage points above...