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financial results

August 5, 2010

Swatch Group, the iconic family-controlled watchmaker, announced record half-year results yesterday both in terms of sales and profits.

Swatch Group, the iconic family-controlled watchmaker, announced record half-year results yesterday both in terms of sales and profits.

This news will be welcomed by new family chairman Nayla Hayek (pictured), who was elected to the position in June following the unexpected death of her father, Swatch founder Nicolas Hayek. (Continue reading here)

July 30, 2010

VW, the family-controlled automaker, continues to outpace Porsche, its smaller rival owned by a different branch of the same family, ahead of their proposed merger next year.

VW, the family-controlled automaker, continues to outpace Porsche, its smaller rival owned by a different branch of the same family, ahead of their proposed merger next year.

VW announced its results for H1 2010, the highlight being profits after tax of €1.8 billion. The Germany-based company, Europe's largest automobile manufacturer, also increased its global market share to 12%.

July 28, 2010

LVHM, the French luxury group controlled by the Arnault family, yesterday announced strong half-year results that firmly signals a rebound in the luxury market for family-controlled firms.

LVMH, the French luxury group controlled by the Arnault family, yesterday announced strong half-year results that firmly signals a rebound in the luxury market for family-controlled firms. 

July 27, 2010

Few would argue that UBS is not beginning to improve the performance of its wealth management business. But some may question if the wealthy have regained the same level of trust they gave UBS back when it was the pre-eminent wealth manager in the world, writes David Bain.

Few would argue that UBS is not beginning to improve the performance of its wealth management business. But some may question if the wealthy have regained the same level of trust they gave UBS back when it was the pre-eminent wealth manager in the world, writes David Bain.
 
Tuesday's announcement of the bank's second quarter results show outflows from UBS' global wealth management business continuing to fall after the record amounts leaving the bank in 2009.
 

July 27, 2010

Leonardo Del Vecchio might be expected to take that extra special summer holiday after his company announced better-than-expected second quarter results.

Leonardo Del Vecchio might be expected to take that extra special summer holiday after his company announced better-than-expected second quarter results.

Luxottica, the world's biggest eyewear group and 70% owned by Del Vecchio (pictured), recorded a 30% year-on-year rise in net profits in the second quarter of the year to €150 million. Analysts were expecting profits of  €145 million.
 

July 22, 2010

Today’s second quarter results from Credit Suisse showed that Switzerland’s biggest bank in terms of market capitalisation continues to attract money from the world’s wealthy, including business-owning families and family offices, writes David Bain.

Today's second quarter results from Credit Suisse showed that Switzerland's biggest bank in terms of market capitalisation continues to attract money from the world's wealthy, including business-owning families and family offices, writes David Bain.
 
Nearly SFr12 billion of net new money flowed into the bank's core private-banking unit in the quarter, which compliments the already SFr13 billion that swelled the private bank's assets under management in the first quarter.
 

July 22, 2010

The family-controlled Fiat Group announced yesterday it has returned to profit in the second quarter of 2010 thanks to a strong performance from its truck and agricultural equipment divisions.

The family-controlled Fiat Group announced yesterday it has returned to profit in the second quarter of 2010 thanks to a strong performance from its truck and agricultural equipment divisions.

July 15, 2010

Family-owned home furnishing chain Dunelm Mill has seen turnover rise by an impressive 18.2%, but the second-generation CEO warned that this year will be much tougher as austerity measures bite.

Family-owned home furnishing chain Dunelm Mill has seen turnover rise by an impressive 18.2%, but the second-generation CEO warned that this year will be much tougher as austerity measures bite.

July 14, 2010

JCB chairman Sir Anthony Bamford has promised his family-run business will invest in the future despite announcing poor final-year sales for 2009.

JCB chairman Sir Anthony Bamford has promised his family-run business will invest in the future despite announcing poor final-year sales for 2009.

Amid the deepest ever recession in the global construction equipment industry, the UK-based manufacturing firm saw sales drop by a third to £1.35 billion last year but was able to increase profit before tax marginally to £29 million.

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