Business

Briscoe Group expects $46 million half-year profit as sales increase post Covid lockdown

Homeware and sporting goods retailer Briscoe Group is forecasting a half-year net profit of $46 million, up 64 per cent, following a boost in sales for the 26 weeks to August. Briscoe today reported unaudited sales of $358.4m for the first half, up 22.58 per cent, on the $292.4m for the same period a year […]

Business

Royal Caribbean's cruise bookings jump, says Delta impact modest

FILE PHOTO: Royal Caribbean’s Quantum of the Seas cruise ship is moored at Marina Bay Cruise Center after a passenger tested positive for coronavirus disease (COVID-19) during a cruise to nowhere, in Singapore, December 9, 2020. REUTERS/Edgar Su(Reuters) -Royal Caribbean Group said on Wednesday overall bookings rose and the near-term cruise demand was seeing a […]

Business

SoftBank to raise $7.35 billion in offshore bond sale

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File PhotoTOKYO (Reuters) – SoftBank Group Corp said on Thursday it plans to raise $7.35 billion this month by selling U.S. dollar- and euro-denominated bonds, the Japanese conglomerate’s first such foreign bond sale […]

Business

Stride Property Group profit up 420%, buying new $152m office block

Stride Property Group, with a $1.1 billion portfolio, has reported its annual result and announced it is buying the AA Insurance Centre built by Mansons TCLM for $152 million. Net profit after tax was $131.9m for the year to March 31, 2021, up 420 per cent on last year’s $25.3m. The business said its cash […]

World News

Group living reform “the foundation of change” for Denver halfway houses 18 months after vote killing private prison contracts

Every other Saturday for four months, 20 women gathered in central Denver to discuss the future of halfway houses for women in the city. They talked about how to provide trauma-informed programming to women leaving prison and how to make the facilities meant to ease that transition more homelike and less like miniature prisons. After […]

Analysis & Comment

Moonpig eyes valuation of more than 1 billion pounds from London IPO

FILE PHOTO: Moonpig and THG (The Hut Group) logos are seen on laptop in front of displayed stock graph in this illustration taken, January 12, 2021. REUTERS/Dado Ruvic/IllustrationLONDON (Reuters) – Online greetings card retailer Moonpig Group plans to raise up to 422 million pounds ($575.65 million) from an initial public offering its bookrunner said on […]

Business

Warehouse Group warns of possible stock delays

The Warehouse Group has warned it could face some product delays in the months ahead as international supply chain disruption continues. At the company’s annual general meeting, group chief executive Nick Grayston said The Warehouse and Torpedo7 were facing the prospect of stock shortages within some product categories. “Covid-19 has required us to take additional […]

Business

Carlyle closes $95 million funding for moving-and-storage firm Zippy Shell

FILE PHOTO: The logo of the Carlyle Group is displayed at the company’s office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato(Reuters) – Private equity firm Carlyle Group Inc CG.O said on Thursday it has completed a $95 million financing package for Zippy Shell Inc, one of the largest moving-and-storage service providers in the United […]

Business

Analysis: Stepped up Chinese scrutiny increases investment risk of 'Beast' Ant

BEIJING/HONG KONG (Reuters) – As Ant Group was working in August towards its giant IPO, at least two smaller Chinese banks with existing ties to the fintech firm decided to stop sourcing new consumer loans from it, people with knowledge of the matter said.FILE PHOTO: Ant Group logo is pictured at the Shanghai office of […]

Business

SoftBank shares slide 7% as tech stock options bets unnerve investors

TOKYO (Reuters) – SoftBank Group Corp closed down 7% as the conglomerate’s bets on equity derivatives tied to listed technology companies made investors uncomfortable amid a decline in markets. Shares fell below 6,000 yen for the first time in two months to 5,881 yen. The group was the biggest loser in percentage terms on the […]