CBI member Bentley Motors recently released its results for 2013, reporting a 19% increase in global deliveries in 2013. 10,120 vehicles were delivered, the highest figure in Bentley's 95-year history.
China remained Bentley's second-biggest market, with 2,191 cars delivered in total over the year.
Dr. Wolfgang Schreiber, Bentley's Chairman and Chief Executive, said, "2013 marks our fourth consecutive year of double-digit growth, establishing ourselves as the most sought after luxury car brand in the world. We continue to win new customers and we are confident that 2014 will be another successful year for Bentley. People all over the world love the unique combination of luxury and performance of our cars."
Please click here to read the full results for Bentley.
CBI member Marks & Spencer (M&S) recently released its interim management statement for the third quarter of 2013/14, reporting that its international business continued to perform well, with strong performance across most of the countries it trades in, especially in its key markets in India and China which delivered double-digit growth.
Please click here to read the full results for M&S.
CBI member Pinsent Masons recently announced that it had advised Quam Capital Limited and the underwriters on the HK$100 million (£7.9 million) placing of shares and listing of U Banquet Group Holding Limited, a full-service Chinese restaurant chain operator in Hong Kong specialising in the provision of one-stop Chinese wedding banquet services, on the Growth Enterprise Market of the Hong Kong Stock Exchange.
Please click here to read the full press release by Pinsent Masons.
CBI member Burberry recently released its interim results for the six months ended on 30 September 2013, reporting that with double-digit comparable store sales growth in mainland China, the company continued to see the benefit of its investment in this market following the acquisition three years ago.
20 of the 50 acquired stores have been closed, and 41 stores opened, giving a total of 71 stores in 36 cities. Today, the new, larger stores significantly outperform the acquired stores, reflecting better locations, merchandising, customer service, and use of in-store technology. Store portfolio plans are evolving to meet changing luxury consumer behaviour. Mens, childrens, travel retail, and digital remain attractive growth opportunities in China.
Please click here to read the full results for Burberry.
CBI member Thales recently announced that China Eastern Airlines' new Airbus single aisle fleet will fly with Thales' newest avionics solutions. The selection includes surveillance systems, flight management systems, and head-up displays.
Daniel Malka, Vice President and General Manager Thales Avionics Services Worldwide, said, "China Eastern, already one of our main customers for FMS systems, has now become our largest customer for T3CAS Surveillance Systems and Head-Up Displays in China, which we feel will lay the foundations for future ATM requirements in the region."
Please click here to read the full press release by Thales.
CBI member The City of London recently welcomed the issuance of Bank of China London's 2.5 billion RMB-denominated bonds and the granting of Ashmore's RQFII licence to invest directly in China's markets as positive signs of the continued development of London's RMB market.
Mark Boleat, Policy Chairman for the City of London, said, "The City of London views today's Bank of China RMB bond issuance as further demonstration of London's comprehensive range of RMB products and services and the financial sector's continued dedication to meeting the needs of U.K. and European corporates.
"Earlier this week, it was announced that Ashmore has been granted an RQFII licence as part of the London allocated quota of RMB 80 billion announced in October. This is the first western firm to receive this allocation, and we hope to see more announcements of this kind in the coming months, to allow more investment into China and encourage increased capital flows between the U.K. and China.
"2013 was a great year for London's RMB market, with data produced by SWIIFT showing that 62% of RMB trading outside of China and Hong Kong is done in the U.K., and an important year for the internationalisation of the RMB globally. This week's announcements give us further grounds to expect this to continue in 2014, and the City of London RMB initiative will continue to support market developments such as these, which strengthens the U.K.'s position as a leading RMB centre."
Please click here to read the full press release by the City of London.
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