Shop Direct continued to make strides as the UK’s second largest online retailer in the third quarter, however regulatory costs linked to PPI claims has pushed the parent company of Very.co.uk into the red.
British retail sales jumped by the most in one-and-a-half years in April, official figures showed on Thursday as consumers returned to the shops after a snowy start to 2018 that weighed on the overall economy.
After weeks of tense exchanges, the maternity apparel company announced the preliminary results of the vote for its Board members at its Annual Meeting on Wednesday, declaring the victory of a new slate of directors.
Shareholders of Westfield Corp voted in favour of a $16 billion takeover offer from Unibail-Rodamco, Westfield Chairman Frank Lowy said on Thursday, closing the biggest takeover offer of an Australian company on record.
The South African retailer has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back 16 billion rand ($1.26 billion) in shareholder loans.
Target Corp’s first-quarter profit came in below analyst estimates as price cuts, higher wages and investments in its online business ate into margins, sending shares down 5 percent in afternoon trade on Wednesday.