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This is your 90-second Business News Update brought to you by
Interface Business Languages. My name's MZ.
Good news from the thriving coffee-shop sector where the nation's caffeine
obsession sent profits at Costa Coffee soaring by 27.5
percent today. Their delighted CEO described the results as good and said
the group remained on track to reach their five-year growth milestones.
And despite reports that China's growth slowed to 7.6 percent in the
second quarter, demand for luxury goods remains buoyant. Burberry, Gucci and Louis Vuitton
all experienced a surge in sales in the first half of this year and remain
optimistic that this trend will continue for the foreseeable future.
Turning now to the ailing automotive sector where sluggish demand and crippling
overheads have led to several manufacturers announcing factory
closures throughout Europe.
The news was met with disbelief by the thousands of workers who are now facing
redundancy and believe that the closures could be avoided. And finally news from
the markets where European shares remain volatile and telecom stocks in
particular slumped to an all-time low.
The FTSE 100 share index was down by 2.3 percent to
5649.21. The CAC40 fell by 1.7
percent to 3191.72 and
the DAX dipped by 0.9 percent to 6586.55.
That was your 90-second business news update brought to you by
Interface Business Languages. Join us again soon!