Bloomberg British convenience-store operator Bestway Group Ltd. raised its stake in J Sainsbury Plc as speculation swirls about the future ownership of the UK’s second-largest grocer. Bestway now holds 4.47% of Sainsbury, up from 3.45% last week, according to a filing. The family-owned business previously said that it intended to increase the holding, though it will own the shares ...

  Bloomberg US hiring likely continued to moderate at the start of the year, though still-solid wage growth, an unemployment rate near historical lows and high vacancies are seen stiffening the Federal Reserve’s resolve to keep rates elevated for some time. Friday’s jobs report is expected to show payrolls rose by 190,000 in January. Economists also estimate that average hourly ...

  Bloomberg The Royal Mail Pension Plan is handing BlackRock Inc. an £8.8 billion ($10.9 billion) mandate to be its outsourced chief investment officer. The world’s largest asset manager will lend its trading capabilities and technology to the pension plan, while using staff from the in-house investment team, according to a statement on Thursday. The plan pays for the retirements ...