CentralEastern Europe markets increasingly challenging Seeing weak demand for clothing and general merchandise More management changes Shares down as much as 15 LONDONGDANSK, Sept 28 Reuters Discount retailer Pepco Group lowered its profit outlook for the second time in less than three weeks, blaming an increasingly challenging trading environment in its core markets of Central and […]

Sept 28 Reuters IT services firm Accenture forecast fullyear earnings and firstquarter revenue below Wall Street targets on Thursday, signaling that high inflation and interest rates pressures will hurt demand through next year. Shares of the company fell nearly 5 in trading before the bell after the company39;s fourthquarter revenue also missed estimates. The U.S. […]

Sept 28 Reuters Germany last week became the latest European country to propose restrictions or bans on the use of equipment made by China39;s Huawei HWT.UL and ZTE, citing security concerns. The European Union39;s industry chief Thierry Breton in June urged more EU countries to join the efforts to curb or block Huawei and ZTE equipment from […]

JOHANNESBURG, Sept 28 Reuters SPAR Group plans to sell its lossmaking business in Poland, the South African grocery retailer and wholesaler said on Thursday, as it reported a 10.6 rise in turnover for the first 47 weeks of its financial year. At 1000 GMT, shares in SPAR, which also operates in Switzerland and parts of the […]

SINGAPORE, Sept 28 Reuters Singapore state investment firm Temasek39;s TEM.UL wholly owned unit True Light Capital said on Thursday it raised 3.3 billion in its flagship fund that invests in Greater China and has now closed it to new capital. The Singaporebased asset manager said in a statement the True Light Fund I secured capital […]