Retail

  Bloomberg A volatile start to the year for global stock markets is breathing new life into UK trading platforms, which had seen fading interest amid less stringent pandemic restrictions. CMC Markets Plc and IG Group Holdings Plc both said they’ve seen an increasing number of bets being placed on equity markets amid price swings that put the S&P 500 ...

  Bloomberg Nestle SA will offer cocoa farmers and their families in the Ivory Coast cash incentives that aim to reduce child labor, as the chocolate industry faces growing scrutiny over the problem. The program, under which the KitKat maker plans to spend 1.3 billion francs ($1.4 billion) by 2030, will offer as much as 500 francs per year to ...

  Bloomberg Chinese buyout firm Citic Capital is weighing a sale of its controlling stake in EBeauty Holdings Cayman Ltd. after a planned initial public offering stalled amid market volatility, people familiar with the matter said. Citic is seeking a valuation of as much as $2 billion for the provider of e-commerce services to the cosmetics industry in China, said ...

    Bloomberg Amazon.com Inc workers at a facility in Staten Island, New York, have collected enough signatures to hold an election on whether to join a union, according to US labor officials. There is “sufficient showing” to proceed with a petition from the fledgling Amazon Labor Union, a National Labor Relations Board representative said in an email. The ALU ...

  Bloomberg Retail investors who netted billions in the legendary pandemic bull market are getting schooled on stock volatility at long last, as the rates-fueled rout resumes. When major major indexes were in free fall Monday, mom and pop offloaded a net $1.5 billion worth of stock by noon, according to data compiled by JPMorgan Chase & Co. strategist Peng ...

  Bloomberg A new vaccine requirement for Walmart locations in Quebec has prompted calls for a boycott among some Twitter users. The protests from those opposed to Covid vaccinations, known as anti-vaxxers, follow the Canadian province’s move to bar unvaccinated patrons from entering government-run stores and large retailers — part of efforts to persuade more people to get immunized. Walmart ...

  Bloomberg New York is appealing a ruling by a Long Island judge that its mask mandate for schools and other public places is an illegal end run around the state constitution. The mask-wearing rule was issued December 10 by the state’s health commissioner at the urging of Governor Kathy Hochul, around the start of the omicron surge of the ...

Bloomberg Starbucks Corp. is asking the US labor board to overturn a ruling allowing store-by-store unionization in Arizona, where ballots were already mailed to employees last week. In a Monday filing with the National Labor Relations Board, the coffee chain sought to overturn a regional director’s ruling that deemed the employees of a single store in Mesa an appropriate potential ...

  Bloomberg UK retailers embraced the government’s move to ease restrictions after Omicron hijacked footfall over the holiday season, saying they hope customers will swiftly return to their stores. The government will no longer ask people to work from home or wear face masks in shops or public transport from Jan. 27, Prime Minister Boris Johnson said. Covid passes proving ...

  Bloomberg Unilever Plc’s Indian unit reported quarterly profit that met analyst expectations as price hikes helped Asia’s largest consumer goods maker by market value manage persistent inflation that has hit the pockets of consumers in the country’s vast and largely impoverished hinterland. The Mumbai-listed Hindustan Unilever Ltd. posted a 17% rise in net income to 22.4 billion rupees ($300.6 ...