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Finance & Markets

LVMH Revenues Down 2% Year-To-Date—A Clear Sign Luxury’s Troubles Aren’t Over

LVMH's softer third-quarter results signal a luxury market still under pressure. As the industry's strongest player, it is preparing for a tougher cycle ahead.

LVMH Revenues Down 2% Year-To-Date—A Clear Sign Luxury’s Troubles Aren’t Over

We haven't written up this one. Forbes has the full story — the link below goes straight to it.

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SBM Bank Kenya profit before tax jumps 122pc to Sh911mn

NAIROBI, Kenya, October 14 – SBM Bank Kenya’s profit before tax rose 122 percent to Sh911 million in the nine months to September 2026, up from Sh411 million recorded in…

  • SBM Bank Kenya's profit before tax jumps 122% to Sh911mn in 9 months to September 2026.
  • Operating profit surges 197% to Sh1.3bn while total income increases 33% to Sh5.44bn.
  • Customer deposits expand 29% to Sh97.3bn as NPL ratio decreases to 16.9% from 32.3%.

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