ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) has reported the execution of 10 significant deals with a total value of over AED15.6 billion since the beginning of 2023. According to ADX data, these deals were carried out through 321.14 million shares of three listed companies, namely Al Alamiya Holding, the Multiply Group, and Ghada Holding. Among the …

BLOOMBERG John Lewis Partnership Plc cancelled staff bonuses for the second time in three years and warned of fresh job cuts after reporting a large loss amid intense competition in the British retail market. The owner of the John Lewis department store and upmarket grocer reported a £234 million ($283 million) loss for the full year, driven in large part …

BLOOMBERG FedEx Corp’s shares climbed after the courier boosted its profit outlook, signalling efforts to cut costs are helping counter a decline in package volume. Adjusted earnings this fiscal year will be $14.60 to $15.20 a share, up from a prior forecast of no more than $14, the Memphis, Tennessee-based company said in a statement. Analysts were expecting $13.57 on …