Bloomberg Fashion retailer Next Plc posted better-than-expected holiday sales and forecast an increase in fiscal 2021 profit in a welcome boost for the beleaguered UK retail market. Pretax profit will rise 1% to 734 million pounds ($963 million) in the year through January 2021, Next forecast in a statement. An extra week of sales next year may generate additional earnings, ...

Bloomberg LVMH, the world’s largest luxury conglomerate, plans to close a store in Hong Kong’s shopping district as overall retail sales dip amid anti-government protests, according to a media report. The decision comes after Wharf Real Estate Investment Co, the owner of the Times Square mall in Causeway Bay, refused the French retailer’s request to lower rents, the South China ...

Bloomberg New York can be harsh on foreign restaurateurs coming to town. When D&D London opened Bluebird London in Columbus Circle in September 2018, Eater described it as “New York’s worst new restaurant of 2018.” In the New York Times, Pete Wells said: “Because you are in an English restaurant, you will be curious about the English food. Because you ...

Bloomberg Airbus SE shares climbed the most in three months after the aircraft manufacturer looked on course to meet its full-year deliveries target, strengthening its hand against wounded rival Boeing Co. A December flurry of Airbus planes sent to buyers pushed the 2019 number to about 860, based on preliminary findings, according to a person familiar with the matter, who ...

Bloomberg Peninsula Land Ltd, an Indian property developer, blamed overdue rent from prime minister Narendra Modi’s government for missing a 23.5 million rupees ($330,000) debt payment. It couldn’t pay State Bank of India (SBI) on time because India’s tax departments, which had leased office space from Peninsula, were delaying rent payments, the company said in a filing. The loan used ...

Bloomberg Carlos Ghosn slipped out of his Tokyo home moments after round-the-clock surveillance of his residence stopped on December 29, Japan’s Sankei newspaper reported. A private security company hired by Nissan Motor Co had been closely monitoring Ghosn while he was out on bail, the newspaper said, citing people with knowledge of the matter. The surveillance ended after Ghosn’s lawyer ...

Bloomberg Singapore-listed fintech firm iFast Corp said it led a consortium of Chinese partners to submit an application for a digital wholesale bank license in the city state. The bid was submitted at the end of December, the company said in a stock exchange filing . Its Chinese partners are Yillion Group and Hande Group. Yillion operates one of four ...

Bloomberg Adani Ports and Special Economic Zone Ltd agreed to acquire a deepwater port on India’s east coast for an enterprise value of $1.9 billion, a move that will help the nation’s biggest port operator by market capitalisation expand capacity by 64 million metric tons. Adani Ports will purchase 75% of Krishnapatnam Port Co in India’s Andhra Pradesh state, it ...

Bloomberg Ousted Bitmain Technologies Ltd co-founder Micree Zhan Ketuan has initiated a legal case to try to regain his position, escalating a battle for control of the world’s biggest miner of cryptocurrency. Great Simplicity Investment Corporation, owned by the engineering whiz-turned-entrepreneur, filed a summons in December in which he asked a Cayman Islands court to reverse a shareholder decision that ...

Bloomberg Hong Kong unveiled a plan to deal with infectious diseases after a mysterious pneumonia outbreak in the central Chinese city of Wuhan. The government classified the response level as “serious” — the second-highest scale of action in its three-tier system, with the top-most being emergency, according to the Department of Health. The public hospitals in Hong Kong have reported ...