Myer Holdings , Australia's largest department store, joined a growing list of local retailers in warning profits will fall well below forecast after baffling shopper trends in recent months, knocking its shares down 12 percent.
Cash rich companies will go shopping for mid-cap firms in Europe this year as the early part of an M&A cycle takes hold, the co-head of European equities at Edmond de Rothschild Asset Management said on Wednesday.
Britain will press India to open up its lucrative retail sector to foreign firms like Tesco, Business Secretary Vince Cable said on Monday, a day before he was scheduled to meet officials in New Delhi.
Sterling hovered close to a four-month high versus a struggling euro on Tuesday as sovereign funding worries undermined the single currency, with market players saying the pound looked set for more gains.
After witnessing a decline in growth for the last two years due to the global financial crisis, US and EU handbag markets can expect to grow again in the coming years as a result of huge export demand from countries like China and India.