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Home retail shares jump as takeover becomes $2bn race

Bloomberg Home Retail Group Plcshares rose in early trading after a takeover of the Argos stores owner turned into a 1.4 billion-pound ($2 billion) contest. Steinhoff International Holdings Ltd., the owner of Conforama furniture stores in France and Bensons Beds in the U.K., said late Friday it plans to make a 175 pence-a-share cash offer for the British retailer, topping ...

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It’s bonanza for Barcelona hotels as mobile elite flock to MWC

Barcelona / Bloomberg The Majestic, a luxury hotel in downtown Barcelona, is bumping up room prices by two thirds as delegates including Facebook Inc. founder Mark Zuckerberg troop into Spain’s second city for the annual Mobile World Congress (MWC). “This is the biggest week of the year for hoteliers,” said Santiago Martin, communications manager for the Majestic Hotel Group. The ...

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Rentals in Dubai’s prime areas remain unchanged: Report

Dubai / Emirates Business According to the latest Chestertons MENA Observer report, the rentals in majority of the apartments sector across prime areas in Dubai didn’t witness any change in Q4 of 2015. However, locations such as Jumeirah Park, Islands and Golf Estates observed a slight rental decrease of 3%, 2% and 2% respectively. Villa segment also saw a decrease ...

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