Bernard Arnault, LVMH's chairman and chief executive, said at the earnings briefing that while the environment remained uncertain, the group was confident about its long-term prospects.
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This number, the EA said, would rise if more homes were built on floodplains. The UK government plans to build 1.5 million homes in this Parliament, and in some parts of the country more than 10% of new homes are being built in flood-prone zones.
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