Mumbai / Tribune News Service Reliance Retail Ltd is utilizing the delay in launching mobile services by its affiliate Reliance Jio Infocomm Ltd to expand its phone distribution network, two people aware of the issue said. Reliance Retail Ltd, a unit of Reliance Industries Ltd (RIL), has signed up more than 120,000 modern retailers and 65,000 smaller stores to ...

  London / Bloomberg British Airways owner IAG SA lowered its 2016 profit target as the UK’s vote to leave the European Union threatens to extend a drop in demand that started in June in the run-up to the historic referendum. Operating profit this year will no longer increase at a level similar to the 70 percent surge posted in ...

  Bloomberg London office-property values may fall by as much as 20 percent within three years of the country leaving the European Union as businesses relocate and the economy stagnates, according to Green Street Advisors LLC. “New leasing will slow dramatically,” said Hemant Kotak, an analyst at the London-based research company. Retail-property values across the country could fall by 10 ...