Archive for August 23rd, 2012

London 2012 Olympics failed to deliver a boost in retail

No benefit to UK shops from Olympics — report

The UK high street failed to benefit from a boost during the Olympic Games, a report showed today. Sales on the high street were flat in August compared with the same month last year, business organisation the CBI said in […]

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London rent

Government sponsored report makes recommendations on growing UK private rental sector

Institutional investors should be encouraged to build homes specifically for the rental market, according to a new report commissioned by the UK government. The report by Sir Adrian Montague,

Made in China

China’s Focus Media hires advisers to review takeover proposal

Chinese interactive digital media firm Focus Media Holding Limited (NASDAQ:FMCN) said on Thursday it had hired

sports retail

UK retailer JD Sports offloads rugby brand Canterbury in debt-only deal

British sports and fashion retailer JD Sports Fashion Plc (LON:JD) said on Thursday it had agreed to sell New Zealand-based rugby brand owner Canterbury Ltd to JD's majority

NASDAQ-listed Facebook

Value of Facebook’s Instagram deal falls as share price slides

The value of Facebook's (NASDAQ:FB) deal to acquire photo-sharing firm Instagram has fallen to USD747.1m, based on Facebook's closing price on Wednesday, but the price of shares in the

Industrial laser in steel factory

Germany’s ThyssenKrupp in talks to sell blanks unit to China’s Wuhan Iron

German steel group ThyssenKrupp AG (ETR:TKA) is nearing an agreement on the sale of its Tailored Blanks business to Chinese iron and steel products maker Wuhan Iron and

ECB

Ex-ECB economist predicts that the bank will announce a surprise plan to tackle debt crisis

The big idea out of Europe this week has been that the ECB is finally coming around to engage in bond-buying of troubled eurozone countries in order to force

Commercial gas metres

Possible buyers walk away from a deal to buy RWE’s stake in Suewag

German power and gas utility RWE (AG ETR:RWE) said talks over the sale of its 77.6% in utility unit Suewag to consortium of regional utilities had failed to

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