Primark is making its first foray into the US, which has in the past proved to be a tough market to crack and one often described as the graveyard of UK retailers. However alongside a number of failures there have been several success stories.
DRUG deals sparked a global stock market rally yesterday after pharmaceutical firms unveiled almost $70bn of tie-ups and takeovers, sending investors rushing to buy shares in anticipation of more deals in the pipeline.
OMNICOM, the world’s second largest advertising agency, said yesterday it is unable to predict when its $35.1bn (£20.8bn) merger with Publicis Groupe would close, raising concerns that the deal might not go through.
CARD Factory boss Richard Hayes said yesterday that it hopes to emulate the success of other value retailers such as Poundland after announcing plans for float that could value the group at around £700m.
FTSE 100 listed finance group Old Mutual, home of top investor Richard Buxton, has upped its stake in online fashion retailer Boohoo, helping it become one of the firm’s biggest institutional shareholders.
GOLDMAN Sachs, one of the banks that advised on the recent £1.23bn flotation of Pets at Home, initiated research on the company yesterday with a target price for the stock of 242p – or 3p below the 245p flotation price.
AT&T last night reported a strong first quarter, with its best revenue growth in more than two years.
America’s second largest telecoms company said last night that its results had been boosted by increased sales of wireless plans.
A FRAGILE peace deal, agreed between Russia and Ukraine last Thursday, looks to be unravelling after reports that two pro-Ukrainian supporters, one a politician, were tortured and killed emerged yesterday.