Berkshire Hathaway sells over 245 million shares in Tesco
Warren Buffet’s investment company Berkshire Hathaway has sold over 245 million shares in the UK supermarket chain Tesco.
Berkshire Hathaway used to own 3.7% of...
WH Smith full year profits up by 9%
WH Smith has reported “strong performance”, with a 9 percent increase in full-year profit.
The UK’s leading books, newspaper and stationery chain posted pretax profit...
Low oil prices could halt Canadian tax cuts
The Canadian government will soon have to weigh the risks of declining oil prices before making large tax cuts.
Joe Oliver, Canada’s Finance Minister, has...
Amazon hiring 80,000 new seasonal workers this holiday
Amazon.com said it will be hiring 80,000 seasonal workers this year to work at its US distribution centers, as it embraces for the holiday...
Amazon.ca is Canada’s largest online retailer by far
Amazon.ca launched in 2002 and has since become Canada’s largest online retailer, accounting for seven percent of Canadian e-commerce sales.
According to research carried out...
US budget deficit shrinks to 7-year record low
Declining unemployment bolstered tax receipts helping the US to post its lowest budget deficit as a percentage of GDP since 2007, and the smallest...
Aldermore Bank cancels IPO blaming market conditions
Wilmslow-based bank Aldermore has decided to cancel its planned initial public offering (IPO), citing tough market conditions. The bank is one of many companies...
Amazon launches same day pickup with Smiths News, UK
In a partnership with Smiths News, part of Connect Group plc., a UK newspaper and magazine wholesaler, Amazon has launched a same-day pick-up service...
Will AbbVie scrap Shire acquisition after tax inversion crackdown?
AbbVie Inc. is seriously considering abandoning the $55 billion acquisition deal with Shire plc after the US government’s crackdown on tax inversions.
The Chicago-based biopharmaceutical...
Wealthiest one percent own almost half worldwide assets
The wealthiest one percent of people in the world own almost half of all its assets, says the Global Wealth Report 2014, published by...