Bloomberg Tesco Plc named Booker Group Plc Chief Executive Officer Charles Wilson to lead its British and Irish operations, elevating a potential successor for the leading role at the UK’s biggest retailer. The appointment of Wilson, 51, creates a strong No. 2 to CEO Dave Lewis. Before engineering a $5.2 billion sale to Tesco, Wilson transformed the food and drink ...

Bloomberg Jet engines used to be slung under a plane’s wing and then largely forgotten about until they came into the hangar for a checkup. More recently they’ve graduated to data downloads that allow engineers to devise maintenance regimes while aircraft are still flying. The next generation of turbines will be way smarter again, according to Rolls-Royce Holdings Plc, communicating ...

Bloomberg Estee Lauder Cos.’s online sales and China push are helping maintain its growth streak. The New York-based seller of Clinique and Aveda products saw sales surge across most of its brands in the latest quarter, with skin care, makeup and fragrances all posting double-digit gains. Revenue advanced on a regional level too, led by a 33 percent climb in ...

Bloomberg As short sellers swoop on Marks & Spencer Group Plc, value investors are pinning their hopes on a man with a history of turning around struggling businesses. Archie Norman, 63, a former lawmaker who joined the iconic British retailer as chairman in September, is credited with leading the Asda supermarket chain from near bankruptcy in the early 1990s to ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the construction of 7,270 housing units for Emiratis across different parts of the UAE at a total cost of AED7.2 billion ($1.9 billion) to be delivered up until 2021. Chairing a cabinet meeting on ...

ABU DHABI / WAM The Federal Tax Authority (FTA) said that the final reduced prices for goods on promotional offers must include the 5 percent Value Added Tax (VAT), which is to be calculated as included in the new price after reductions by the sales outlets or service providers themselves. In a new awareness message targeting consumers and service recipients ...

DUBAI / Reuters Dubai’s Al Khaleej Sugar Refinery has agreed to build a major agro-industrial complex to produce beet sugar under a deal signed with the Egyptian government, the world’s largest port-based sugar refinery said on Sunday. The project, named Al Canal Sugar, will be located only about 200 km (125 miles) from its market, Jamal al-Ghurair, managing director of ...

DUBAI / Emirates Business Mega-projects like Expo 2020 Dubai are fuelling the UAE’s CCTV and video surveillance market to top $194 billion by 2023, industry experts announced ahead of the World Government Summit, running in Dubai from February 11-13. During the World Government Summit, global leaders will exchange best practices in using technology to enhance public safety. The UAE is ...

Abu Dhabi / WAM UAE media leaders have defined a new path forward to cope with the dramatic changes facing the sector and achieve the UAE’s ambitions, cementing the country’s leadership status, according to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai. He was speaking at the Future of Media ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that innovative Emiratis are the cornerstone of leadership and the future and the most important element in achieving the strategic visions of the UAE. During the graduation ceremony of the second group completing the Diploma ...