March, 2022

• 30 March

  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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• 30 March

  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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• 30 March

  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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• 30 March

  Lululemon surges over optimistic outlook

    Bloomberg Lululemon Athletica Inc delivered a sales forecast for this year that exceeded analyst estimates, suggesting that the company is overcoming supply-chain snags that disrupted operations earlier this year. The athletic-wear retailer expects sales to reach as much as $7.62 billion in the current fiscal year that ends next January. The average analyst estimate was $7.2 billion. The company’s ...

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• 30 March

  Stocks decline, oil rises as Russia promise in doubt

  

    Bloomberg Stocks fall and energy prices rose as skepticism about Russia’s promise to de-escalate the war in Ukraine renewed concerns about higher raw material prices and commodity disruption. Europe’s Stoxx 600 snapped a three-day winning streak after surging to the highest level in five weeks. US futures slipped amid warnings that gains of the past two weeks have the ...

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• 30 March

  Apple rallies like it’s 2003 as buyers flock back to Big Tech

  

  Bloomberg Apple Inc extended gains, in a winning-streak last seen nearly two decades ago, as improved risk sentiment is sending investors back to the largest US technology companies. Apple rises for an 11th-consecutive day in New York, climbing 1.9% to close at $178.96 and roughly $3 shy of a closing record reached in early January. The longest-winning streak since 2003 ...

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• 30 March

  Southwest Gas sets share sale price below Icahn’s rejected offer

  

    Bloomberg Southwest Gas Holdings Inc priced shares at $74 apiece in a stock sale to fund its $2 billion acquisition of a pipeline company that activist investor Carl Icahn tried to block. The price is below an offer made by Icahn, who has been rebuffed in efforts to take over the utility owner. Southwest Gas will raise about $392.5 ...

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• 30 March

  E.ON, Fortescue to supply green hydrogen to Europe

    Bloomberg German energy giant E.ON and Australia’s Fortescue Future Industries plan to supply green hydrogen to Europe as the continent seeks to cut its dependency on Russian energy. The companies will work together to supply 5 million metric tons of green hydrogen a year by 2030, they said in an emailed statement, after signing a memorandum of understanding in ...

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• 30 March

  World’s longest passenger jet plans to avoid Russian skies

  

    Bloomberg Cathay Pacific Airways Ltd plans to reroute its New York-Hong Kong service to avoid Russian airspace, in what would be the world’s longest commercial passenger flight by distance. The airline plans to fly from John F Kennedy International Airport over the Atlantic Ocean, the UK, southern Europe and central Asia, according to a memo to Cathay flight staff ...

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• 30 March

  Sustainable fuel key to cleaner aviation: India

  

    Bloomberg India is banking on sustainable fuel-powered airlines and increased digitisation in airports to clean up aviation as the nation prepares for a net carbon zero future by 2070. India will have 96 airports that will be carbon neutral and run on renewable energy by 2024, Civil Aviation Minister Jyotiraditya Scindia said at an event, adding all future airports ...

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