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Burberry latest victim of HK protests

Bloomberg Burberry Group Plc became the latest victim of the Hong Kong protests as sales in that market dropped by half over the Christmas quarter, while the spread of a new viral disease in Asia risks dimming the outlook further. The stock fell as much as 4.1% even after the company raised its forecast for full-year sales growth to a ...

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Sainsbury CEO Coupe to step down in May

Bloomberg News that J Sainsbury Plc Chief Executive Officer Mike Coupe is leaving in May marks the end of an unrewarding chapter for the UK grocer’s shareholders. Competition from German discounters Aldi and Lidl and a shift to online shopping have put British supermarkets including Tesco Plc and Wm Morrison Supermarkets Plc under pressure, but Sainsbury shares have suffered the ...

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Serbia, Kosovo to resume flight link 21 years after war

Bloomberg More than two decades after a war split them apart and created one of the biggest national rivalries in Europe, Serbia and Kosovo took a step towards renewing flights between their capitals. In a US-brokered deal, Serbia, Kosovo and carrier Deutsche Lufthansa AG signed a letter of intent that puts in place conditions for the flights to resume. “It ...

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