Danish discounter Netto opens joint venture with Sainsbury’s Discount supermarket chain Netto today makes its comeback to the UK, opening a store in Leeds in a joint venture with Sainsbury’s. Netto, which left the UK in 2010, intends to open 15 stores in a trial in the north of England, but has still to open any stores in London or the south east. [...]
Allen & Overy advises on $1bn Xiaomi loan Allen & Overy is advising on a $1bn (£625m) loan for Chinese smartphone maker Xiaomi. Partners Vicki Liu and Yvonne Ho lead the Allen & Overy team with support from associates Elaine Liu and Welber Yim. The loan is being provided by a syndicate of 29 lenders from Chinese, European, North American and [...]
BMW throttles back on forecast for sales despite rising profits German car maker BMW has applied the brakes to its expectations for sales this year, despite reporting yesterday a forecast-beating operating profit in the third quarter, when strong demand for sports utility vehicles helped to offset lacklustre sales of electric cars. Quarterly profits rose 17 per cent to €2.26bn (£1.77bn), above the average forecast of €2bn [...]
Telecity maintains 2014 guidance with robust trading alongside its hunt for a new chief exec November 3, 2014 Data centre provider Telecity yesterday reported robust trading with revenue growth of 9.4 per cent for the year to 30 September. Telecity said order wins during the last quarter have kept the business on track for its existing 2014 organic revenue guidance, excluding currency movements, of £343m to £350m. “We continue to see strong demand [...]
