Tesco delivered a record £2.8 billion (R43.4 billion) annual profit and had made a strong start to its new financial year, driving up its shares, the world’s third-biggest food retailer said yesterday.
Iliad Africa has bought a chain of nine tile retail outlets, the building materials distributor’s first foray into a market dominated by Italtile.
Australia’s Woolworths has forecast profit growth above 20 percent for the third consecutive year as it wins grocery market share from Coles Group and boosts savings from an efficiency programme.
Wal-Mart Stores yesterday reported a lower-than-expected quarterly profit and cut its annual earnings forecast
Rising affluence and rosy job prospects are forecast to fuel retail sales across the Asia-Pacific region in the second half of this year, according to a MasterCard survey.
Deutsche Bank, JPMorgan Chase and UniCredit had cancelled the sale of £1 billion (R14.5 billion) of loans for Alliance Boots after failing to find investors, two people with direLondon - Deutsche Bank, JPMorgan Chase and UniCredit had cancelled the sale of £1 billion (R14.5 billion) of loans for Alliance Boots after failing to find investors, two people with direct knowledge of the deal said on Friday.
J Sainsbury would urge Delta Two, a Qatar-backed investment fund bidding for the UK retailer, to increase the amount of equity in its £10.6 billion (R154 billion) offer this week, the Sunday Telegraph said yesterday, citing an executive close to the Sainsbury board.
Delays in financing the takeover of Alliance Boots had placed a “moratorium on large-scale leveraged buyouts” that might weigh on European stocks, a UBS strategist said yesterday.
July 11, 2007By INGI SALGADO and MZWANDILE JACKS
Cape Town and Johannesburg - South African companies in Zimbabwe are attempting to outlast a hyperinflationary environment and government-imposed price controls to maintain a presence in expectation of eventual political and economic stability. (more…)
Ram Pukar does not need Wal-Mart Stores to make him worry about his fate as a fruit vendor in a New Delhi suburb.
