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Business 12 Jul 2019 | 7:41 AM

Fosun Group mulls US$940m rescue of debt-strapped Thomas Cook

HONG KONG: China’s Fosun Group is considering a 750 million-pound ($940 million) rescue of Thomas Cook Group Plc, the world’s oldest travel agency, which has been struggling to pay debts amid a slowdown.

Business 10 Jul 2019 | 12:00 AM

UK shops suffer slowest growth over 12 months

LONDON: Sales at British retailers rose at their slowest average pace on record over the past year as worries about Brexit weighed on consumers, a survey showed.

Business 14 Jun 2019 | 12:00 AM

Tesco’s sales growth slows in subdued UK market

LONDON: Tesco, Britain’s biggest retailer, said sales growth slowed in its latest quarter, blaming a subdued overall market that has been hampered by poor early summer weather, sending its shares lower yesterday.

Business 12 Jun 2019 | 12:00 AM

Fast-fashion stores still feeling the heat as people increasingly shop online

London: Europe’s fast-fashion retail stocks are back in the spotlight.

Business 22 Apr 2019 | 12:00 AM

Spritzer to spend RM25mil on PET plant and solar projects

GEORGE TOWN: Bottled water company Spritzer Bhd will spend about RM25mil over the next two years to expand its PET (polyethylene terephthalate) plant, water-processing capacity and solar power projects to keep up with the group’s enlarged customer base and enhance its competitive edge.

Corporate News 26 Mar 2019 | 12:00 AM

Heatwave pushing up Spritzer sales

PETALING JAYA: Spritzer Bhd is a beneficiary of the heatwave that is enveloping the country.

Business 08 Feb 2019 | 12:00 AM

AGL Energy reports 10% profit jump

MELBOURNE: AGL Energy, Australia’s top power producer, reported a 10% rise in half-year underlying profit, but warned that profits would be weaker in the next six months as it steps up spending on maintaining its ageing coal-fired plants.