Alibaba will close its order books early to prospective institutional investors as part of its $13.4 billion secondary listing in Hong Kong, according to two people with direct knowledge of the matter.
Alibaba’s planned $13.4 billion share sale will be Hong Kong’s first paperless stock market listing, a source has said, breaking with a long-held tradition of investors placing stock orders in bank branches.
It’s always interesting to see how the owners of UK shopping centres are faring, especially in an environment in which footfall to such centres is dropping and many stores are exiting leases on the back of CVAs.
On Friday, French distribution giant Carrefour announced it has received a “firm bid” by Shopinvest to acquire a 100% stake in consumer electronics e-tailer Rue du Commerce, which Carrefour bought in 2016.
Facebook on Friday began rolling out its dedicated "News Tab" with professionally produced content, the latest move by the social network to promote journalism and shed its reputation as a platform for misinformation.
With UK inflation at around 2%, a study predicting just a 0.8% increase in Christmas spend this year is bad news for stores. And it could be worse under a no-deal Brexit as the prediction would be scaled back to 0.2%.
Bonmarché wasn’t the only UK retail chain to file for administration on Friday with Scottish department store operator Watt Brothers also throwing in the towel after a history stretching back 104 years.
Last week’s Brexit deal and the pulling of Saturday’s Parliamentary vote have left the UK retail sector back where it has been for the last three+ years, facing an uncertain future as consumers shun unnecessary spending.