Archive for January 2nd, 2013

John Lewis

John Lewis reports strong Christmas sales

British high street retailer John Lewis said today that it recorded strong sales in the run-up to Christmas, with good performance online and in its shops. The department store chain reported a 13% growth in like-for-like sales in the five […]

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Car hire

Vehicle hire group Avis acquires car sharing company Zipcar

US vehicle rental services provider Avis Budget Group Inc (NASDAQ:CAR) has reached an accord to buy domestic car sharing network Zipcar Inc (NASDAQ:ZIP) in a deal valued at

Social Media

Marketing dominated by social media in 2012

The past 12 months in marketing have been dominated by social media and mobile. While official stats for 2012 will not be complied for a while, here are

US dollars

US banks see higher earnings on capital market activity, mortgage refinancing

Increased capital market activity drove stronger earnings and increased profitability for major US banks in the third quarter of last year, according to ratings agency Fitch Ratings. Fitch said

Asian shares

Shares in Asia rise on news of US “fiscal cliff” compromise

Stock markets in Asia opened higher this morning following a last minute deal, passed by the US House of Representatives, to halt tax hikes and spending cuts

Pharmaceuticals

Sponsor Warburg Pincus acquires JHP Pharmaceuticals for $195m

Private equity firm Warburg Pincus LLC has acquired US sterile injectable products maker JHP Pharmaceuticals LLC from JHP Holdings LLC, part of Morgan Stanley Principal Investments, the target

starbucks cups

Starbucks completes $620m deal to acquire tea retailer Teavana

US speciality coffee roaster and retailer Starbucks Corporation (NASDAQ:SBUX) said it had completed the acquisition of specialty tea retailer Teavana Holdings Inc (NYSE:TEA) for USD620m (EUR467.2m) in cash,

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