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Britain’s John Lewis opens new store amid retail restructuring

Bloomberg British retailer John Lewis Partnership Plc is opening its 50th department store in London amid a spate of retail restructurings and outright collapses. In a bid to draw in shoppers, it’s doubling down on everything it says Amazon.com Inc. can’t do. The employee-owned retailer wants to build more personalised relationships with its customers through concierge-style services and educational sessions ...

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Stocks recover from technology sell off; yields rise, oil climbs

Bloomberg Energy-related companies led a rise in US stocks as equity markets looked to shrug off weakness in technology. Government bond yields increased as investors braced for higher US borrowing rates. Oil climbed to a two-week high as output curbs by OPEC and its allies continued to deplete the remnants of a global supply surplus, helping to lift the shares ...

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Financial stocks largest gainers in Saudi market

Reuters The region’s biggest market, Saudi Arabia, was up 0.2 percent with financial stocks among the largest gainers ahead of an expected decision by FTSE at the end of this month to include Riyadh in its secondary emerging market index. Al Rajhi Bank, the kingdom’s second largest bank by assets, rose 1.7 percent, while Saudi British Bank was up 2.3 ...

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