Zara owner Inditex forecast healthy sales as soon as lockdowns are lifted, after the coronavirus crisis knocked its net profit to 1.1 billion euros 1.31 billion in 2020, a drop of 70 on the previous year. Inditex said on Wednesday that it hoped that nearly all of its 6,829 shops worldwide would reopen by midApril, […]

SHANGHAI, March 10 Reuters China is considering adjusting the investment threshold for Shanghais techfocused STAR Market to boost liquidity and improve rules for the registration system. We suggest adjusting the investment threshold as the liquidity conditions for the STAR Board are not that ideal, Fan Yun, a deputy to Chinas National Peoples Congress, was quoted […]

Just Eat Takeaway.com expects further growth in 2021 after a surge in business during the COVID19 pandemic helped it meet expectations for fullyear 2020 earnings, the online foodordering and delivery company said on Wednesday. It expects to win market share in Britain in 2021, and achieve revenue growth, despite plans by rival Deliveroo for a […]

TOKYO, March 10 Reuters Japanese insurer Tokio Marine Holdings Inc said on Wednesday it is investigating the validity of insurance policies provided by its Australian unit to speciality finance firm Greensill. Greensill filed for insolvency on Monday after losing insurance coverage for its debt repackaging business and said that its largest client, GFG Alliance, had […]

Shares of Tesla Inc closed lower for a fifth consecutive session on Monday, caught in a techled selloff that has wiped more than 277 billion off the companys market value over the last month. Highflying tech stocks, which powered the markets rebound from the pandemic lows in March last year, have been hit by a […]

Social Finance Inc, or SoFi, said on Tuesday it would buy community bank Golden Pacific Bancorp for about 22.3 million in an allcash deal, accelerating the online lenders push to become a national bank. SoFi said it would pay 2.55 for every share of Sacramento, Californiabased Golden Pacific. Separately, SoFi also announced the launch of […]

March 8 Reuters GFG Alliance, a conglomerate owned by the family of British tycoon Sanjeev Gupta, is one of the biggest customers of Greensill Capital, a source familiar with the matter told Reuters. Greensill, which said last week it is in talks to sell large parts of its business, is preparing to file for bankruptcy, […]

Reuters DuPont said on Monday it would buy Laird Performance Materials for 2.3 billion from private equity firm Advent International, as it looks to expand its portfolio of advanced electronic materials. Electronics materials have been a growth area for DuPont as key markets including smart or autonomous vehicles, fifth generation telecommunications, artificial intelligence, internet of […]

Shares of Apple closed up 5.39 on Monday to a price of 127.79, outpacing the NASDAQ, which was only up 3.01 percent. It was Apples biggest day since Oct. 12, when shares rose 6.35. The bump came after Berkshire Hathaway chairman and CEO Warren Buffett said in his annual letter to investors published this weekend […]

LONDON, March 3 Reuters Prudentials operating profit rose 4 in 2020, Britains largest insurer said on Wednesday, driven by strength in its main Asian business, as it prepares to split off its U.S. operations. Overall adjusted operating profit from continuing operations came in at 5.5 billion, while Asia adjusted operating profit jumped 13 to 3.7 […]