Bloomberg Brazil’s long-suffering IPO bankers are headed toward their biggest payday in eight years. This month’s initial public offering for Carrefour SA’s Brazil unit will generate almost 140 million reais ($42 million) in fees for a group of local and international banks, based on a regulatory filing from the French grocery company. That tops the 119 million reais paid by …

Bloomberg Marks & Spencer Group Plc (M&S) reported a fresh drop in quarterly clothing revenue and missed estimates for food sales, dealing a blow to Chief Executive Officer Steve Rowe as he seeks to revive the U.K. retail bellwether. Same-store sales in the clothing and home division fell 1.2 percent in the 13 weeks ended July 1, London-based M&S said …

Dubai / Emirates Business Alcatel on Tuesday announced the launch of Alcatel A5 LED in the UAE. The world’s first interactive LED-covered smartphone, A5 LED delivers on Alcatel’s enjoy.now promise with innovations for energetic young consumers. “With the A5 LED, Alcatel is delivering new fun features, like light-up notifications and unique LED cover patterns and themes you create yourself, as …