Britain's retail sector has turned toxic in a climate of squeezed consumer spending laced with Brexit uncertainty, but low valuations are making some stocks a tempting prospect for the brave contrarian.
Indian federal agents said on Monday they had launched an investigation into billionaire jeweller Nirav Modi, one of the country's richest men, over accusations that he and others defrauded a state bank of $44 million.
Kingfisher, Europe's largest home improvement retailer, reported another fall in quarterly sales Thursday, hurt by a slowdown at B&Q in the UK, weak sales in France and continued disruption from its restructuring plan.
Just days after naming an exec from the car accessories sector as new head of general merchandise, M&S had more big news Friday with the man who turned around and made Asda a big name in fashion set to be its chairman
UK retail sales in the quarter to February saw their biggest slide in nearly seven years as fuel costs cut shoppers' disposable income, official data showed Thursday. But the February figures were surprisingly strong.
A decision by Britain to leave the EU would have profound consequences for the future of both the UK and the EU, The Economist Intelligence Unit has said in a report titled ‘Out and down: Mapping the impact of Brexit’.
Korean/Japanese conglomerate Lotte, owner of more than 60 businesses including Lotte department stores, has been named the top retail company in corporate sustainability, followed by Inditex and Woolworths.
British retailer Marks & Spencer plans to close five stores in China's greater Shanghai region by August 2015, it said on Monday, though it stuck by its commitment to expand into other large Chinese cities.