Lidl to spend $19 billion over five years with British suppliers
German-owned discount supermarket Lidl GB has vowed to spend 15 billion pounds ($19 billion) with British suppliers over the next five years, committing to increase sales of local meat, poultry and fresh produce.
CEO of Germany’s Ceconomy on way out: sources
The chief executive of struggling German consumer electronics chain Ceconomy is set to be removed after only a few months in the job due to an internal power struggle, sources close to the company said on Wednesday.
Turkey’s Halkbank says U.S. charges part of Syria-related sanctions
Turkey’s Halkbank said on Wednesday that U.S. charges against it were made as part of sanctions Washington slapped on Ankara over its military operation in Syria, adding they appeared to be largely a repeat of allegations in a similar previous trial.
M&S CFO Humphrey Singer to step down at the end of the year
Marks & Spencer said on Wednesday its chief financial officer, Humphrey Singer, whose departure was announced last month, will step down on Dec. 31.
Undercover entrepreneurs: fearful Mexican tech startups shun spotlight
In Mexico’s burgeoning startup scene, publicity is the last thing many entrepreneurs want.
Skoda Auto reports 2.7% drop in deliveries in first nine months
Skoda Auto’s global deliveries dropped 2.7% to 913,700 cars in the first nine months compared with the same period last year, the subsidiary of Germany’s Volkswagen said on Wednesday.
Signify to buy U.S. firm Cooper Lighting for $1.4 billion
Signify , the Dutch-based lighting company, has agreed to buy U.S. firm Cooper Lighting Solutions from Eaton Corp. [EATO.UL] for $1.4 billion in cash to boost its presence in North America.
U.S. ‘deeply concerned’ about untrackable China ships carrying Iran oil: officials
The White House is warning Chinese shipping companies against turning off their ships’ transponders to hide Iranian oil shipments in violation of U.S. sanctions, two senior administration officials said.
Latitude CEO disappointed KKR pulled IPO due to low price
Private equity giant KKR & Co and its partners canceled what was to be Australia’s biggest listing of the year, lender Latitude Financial, because investors would not pay a price that reflected its value, the Latitude CEO said on Wednesday.
Shares of Turkey’s Halkbank plunge after U.S. charges
Shares of Turkey’s Halkbank plunged as much 7% on Wednesday, despite a ban on short selling, after U.S. prosecutors charged the state-owned lender with taking part in a multibillion-dollar scheme to evade U.S. sanctions on Iran.
