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Europe’s mall giant pivots to social network for recovery

  Bloomberg Europe’s biggest mall landlord plans to turn half a billion shoppers into a huge new advertising audience. After two-years of turmoil unleashed by Covid-19, Unibail-Rodamco-Westfield is working on how it can leverage its shoppers as it charts its recovery to pre-pandemic levels. At the heart of its strategy is a plan to track, monitor and profile the 550 ...

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Amazon gets its ‘sell’ rating for first time in two years

  Bloomberg A BNP Paribas Exane analyst slapped a sell-equivalent rating on Amazon.com Inc’s stock, the first time in two years anyone on Wall Street has been bearish on the shares. Amazon’s capital spending is going to be much higher than the market expects, while profit margins will be hurt by “inflation shocks,” analyst Stefan Slowinski said in a phone ...

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UK airport handler Menzies accepts $750m Kuwaiti bid

  Bloomberg UK airport ground-handling specialist John Menzies Plc accepted a $750 million takeover bid from Kuwaiti suitor Agility Public Warehousing Co that had been sweetened for a third time. The Menzies board backed the offer of 608 pence a share in cash after Agility subsidiary GIL International issued a formal proposal, the companies said. The bidding had started with ...

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