Archive for August 21st, 2012

Shanghai shoppers

Private equity firm KKR invests in Chinese fashion retailer Novo

US private equity major Kohlberg Kravis Roberts & Co LP (NYSE:KKR) said on Tuesday it had made a USD30m (EUR24.3m) investment in Chinese youth fashion apparel retailer Novo Holdco Limited, without disclosing the size of the stake it had taken […]

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UK pound coins

UK government borrowing up by £600m in July

A surprise increase in public borrowing was announced today by the UK's Office for National Statistics (ONS), following a drop in corporation tax. July is traditionally a good month

Richard Branson

Virgin Atlantic to fly between London and Manchester

Sir Richard Branson’s Virgin Atlantic Airways is to launch its first UK domestic flights next year, the airline announced today. Virgin Atlantic is planning to fly from London's Heathrow

Wind turbines, off Denmark

BlackRock increases its stake in Danish wind turbine firm Vestas

US investment manager BlackRock Inc (NYSE:BLK) has raised its shareholding in Danish wind turbine manufacturer Vestas Wind Systems A/S (CPH:VWS) to about 5.04%, the latter announced. The transaction was

online sales

UK online retail sales increase by 14% in July

The Olympic Games had a positive effect on UK retail sales in July and while the 0.8% month-on-month increase in value may be modest, it is still encouraging

Bertolli makes pasta sauces

Unilever completes $267m asset disposals to ConAgra

Anglo-Dutch consumer goods group Unilever (LON:ULVR; AMS:UNA) said it had wrapped up the USD267m (EUR216.3m) disposal of its frozen

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