Walmart on Thursday unveiled the strongest growth in a key sales metric in more than a decade and said its US online division accelerated in the second quarter, sparking a sharp rally in its share price.
Britain’s competition and consumer protection watchdog has opened an investigation into celebrity “influencers” who use social media to advertise brands and products without disclosing that they have been paid for posts.
Two children’s care service providers have agreed a tie-up to create the UK’s second largest social care operator, after Aim-listed CareTech agreed a reverse takeover that values Cambian Group’s shares at more than £350m.
Online discounting, the World Cup and good weather helped UK retailers to bounce back by more than expected in July after a decline in sales volumes in June, the Office for National Statistics said on Thursday.
Atlantia has warned investors to brace for a financial hit from the fallout of the collapse of a motorway bridge in Genoa, after the Italian government said it would start a procedure to revoke the concession held by the company’s majority-owned subsidiary Autostrade.
German detergent and glue maker Henkel revised down its full-year earnings guidance after missing analysts’ profitability expectations in the second quarter, as it was hit by currency headwinds and rising material prices.
Redcore, a Chinese start-up that claims to have produced a homegrown browser used by key government bodies and state-run companies, has come under fire after users discovered its software was heavily based on Google’s Chrome browser.
A Dubai court has appointed provisional liquidators to wind up Abraaj’s unit based in the emirate’s financial centre, following a similar process at the beleaguered private equity group’s Cayman entities.
Pre-tax profits at Rank Group fell over 40 per cent during a “challenging year” for the UK-listed gambling company, hit by a “disappointing performance” at Grosvenor Casinos and fewer people visiting Mecca Bingo halls.
The US Securities and Exchange Commission has subpoenaed Tesla, according to a person familiar with the matter, as part of an investigation into a tweet by founder Elon Musk over plans to take the electric carmaker private.
A visit by Taiwan’s president to a branch of a Taiwanese cafe in Los Angeles has sent the company’s share price tumbling to a 15-month low after Chinese consumers voiced their discontent at the visit and despite attempts to stem complaints.