Laura Ashley CFO to leave retailer after two decades
Clothing and furnishing retailer Laura Ashley Holdings Plc said on Monday it had named Sagar Mavani as its chief financial officer, replacing Seán Anglim who has been with the company since 1998. Mavani’s appointment comes at a time when the company is struggling with poor performance in its home furnishings business and a decline in online sales. The company swung to a full-year pretax loss of almost 10 million pounds ($12.57 million) earlier this year. Anglim, w
China September exports, imports in deeper contraction as tariffs take toll
A slide in China’s exports picked up pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-U.S. trade war drags on.
Superdry founder Dunkerton to be permanent CEO
The founder of British fashion group Superdry , who won an acrimonious battle to rejoin the board in April, has become the firm’s permanent chief executive.
Emirates sees place for Boeing 787 in airline’s fleet: President
Emirates Airline President Tim Clark said on Monday he sees a place for Boeing’s 787 aircraft in the Dubai airline’s fleet.
Liberty Global backs Sunrise capital hike with 500 million sfr offer
Liberty Global has offered to buy up to 500 million Swiss francs ($502.11 million) in newly created Sunrise Communications shares – a move aimed at rescuing the 6.3 billion franc sale of its Swiss business.
Russian investors eyeing Saudi Aramco listing – wealth fund chief
A number of Russian investors are interested in a planned initial public offering of Saudi Arabian state-owned oil company Saudi Aramco, Kirill Dmitriev, the chief executive officer of Russian sovereign wealth fund RDIF, told reporters on Sunday.
Emirates Airline’s Dnata exposure to Thomas Cook ‘not a small amount’: executive
Emirates Airline President Tim Clark said the group’s Dnata unit’s exposure to the bankrupt holiday operator Thomas Cook is “not a small amount”.
WeWork opens new sites at breakneck speed despite cash-burn concerns
WeWork has opened almost as many new locations in the last 3-1/2 months as it did in the whole first half of this year, likely accelerating the speed with which the office-sharing company is burning through cash as increasingly hard-nosed investors scr…
Asian shares get trade lift, let down by China data
Asian share markets firmed on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetites, though investors remained wary of the damage already done to the global economy.
Oil prices ease on scant details of U.S.-China trade deal
Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over the thaw that helped to lift crude markets by 2%.
