H&M sales fall 57% year-on-year in March through early May
Swedish fashion retailer H&M said on Thursday its sales tumbled 57% from a year ago in local currencies during the March 1 to May 6 period as the novel coronavirus pandemic and restrictions to curb it kept most of its stores closed.
GSK sells $3.35 billion stake in Hindustan Unilever
GlaxoSmithKline said on Thursday it sold its stake in Unilever’s Indian business for $3.35 billion, which Refinitiv says is the largest block trade ever to have been carried out in India.
AB InBev sees worse ahead, but some light in China
Anheuser-Busch InBev , the world’s largest beer maker, forecast a “materially worse” second quarter as coronavirus restrictions curb drinking across the globe, although China was showing early signs of recovery.
BT scraps dividend, invests in fibre as rivals agree merger
Britain’s biggest telecoms group BT suspended its dividend and said it would spend billions more on faster fibre broadband connections, as it prepares to meet the challenge posed by the merger of two of its biggest rivals.
German economy minister: We’ll prevent Lufthansa from being sold out
The German government will prevent Lufthansa , the country’s flagship carrier, from being sold out, Economy Minister Peter Altmaier told Bild newspaper on Thursday.
World food prices fall sharply in April because of coronavirus: U.N.
World food prices fell for a third consecutive month in April, hit by the economic and logistical impact of the coronavirus pandemic, the United Nations food agency said on Thursday.
Media giant Vivendi raises stake in Lagardere to 13.36%
French media conglomerate Vivendi has increased its stake in Lagardere to 13.36% from 10.6%, an AMF regulatory filing published on Thursday showed.
Norwegian Air secures shareholder funds in fight to stay aloft
Norwegian Air has secured vital funding from shareholders as it battles to survive the novel coronavirus pandemic that drove down April passenger volumes by 98.7%, the budget carrier said on Thursday.
Nintendo smashes Switch sales view; says Animal Crossing is device’s fastest-selling game
Japan’s Nintendo Co Ltd said on Thursday its fourth-quarter profit soared 200% due to surging demand for its Switch games console, and that title Animal Crossing: New Horizons shifted a record 13.4 million units in its first six weeks.
Climate activists spray ‘fake oil’ onto Barclays HQ in London’s Canary Wharf
Climate activists from the Extinction Rebellion group sprayed “fake oil” onto the Barclays headquarters in London’s Canary Wharf on Thursday, calling on the bank to divest from fossil fuels.
