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Vodafone sells US$2.6 billion Safaricom stake to S African unit

Bloomberg Vodafone Group Plc is simplifying its holdings in sub-Saharan Africa, selling a $2.6 billion stake in Kenya’s Safaricom Ltd. to its majority-owned Vodacom Group Ltd. The all-share deal will transfer a 35 percent stake in Safaricom to Vodacom in return for stock in the Johannesburg-based unit, raising the parent’s stake in its South African business to about 70 percent. ...

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Sainsbury designers hit runways as grocer pushes skinny jeans

Bloomberg J Sainsbury Plc, the supermarket that’s been selling Britons their bread and baked beans for more than a century, is looking beyond the grocery aisles for a competitive edge in a tough market, seeking inspiration from the catwalks of Los Angeles and Milan. The retailer has created a team of 30 fashion spotters who scour runways around the world ...

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‘Next UK govt must sanction two more runways’

Bloomberg Britain’s next government should appoint a commission tasked with choosing the locations for two new runways serving southeast England, the Institute of Directors said. With London Heathrow airport’s third landing strip not due to be completed until 2028 and Gatwick, south of the capital, filling up fast, the commission should be given only a year to determine the best ...

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