MOSCOW, Feb 28- Russian hypermarket chain Lenta's stock market debut was clouded by political turmoil in Ukraine on Friday as investors reined in their exposure to Russian companies.
MOSCOW, Feb 28- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG, on Friday set its planned London initial public offering at the lower end of a range netting around $1 billion for selling shareholders.
*New boss currently heads business in Czech Republic, Slovakia. BERLIN, Feb 25- Metro AG has appointed Axel Hluchy as new head of its struggling cash and carry business in Germany, bringing in an executive who has largely worked for the retailer in fast-growing eastern Europe.
MOSCOW, Feb 18- Russian children's goods retailer Detsky Mir, owned by oil-to-telecoms conglomerate Sistema, is aiming to launch its planned London initial public offering in mid-March, two banking sources said on Tuesday.
*Sale comes as Russia's economy slows. MOSCOW, Feb 14- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG, has set a price range for its planned London market debut, which implies a market valuation of up to $5 billion, the company said on Friday.
MOSCOW, Feb 14- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG, has set a price range for its initial public offering of between $9.5 and $11.5 per one global depositary receipt, a banking source said on Friday. Lenta said earlier this month it would list its shares in London, potentially raising at least $1 billion.
Barclays to cut 12,000 jobs, pays bigger bonuses. LONDON- Barclays says it will axe up to 12,000 jobs this year even as it raises bonuses for investment bankers, prompting fury among politicians and unions who say it has not learned the lessons of the financial crisis.
Barclays to cut 12,000 jobs, pays bigger bonuses. LONDON- Barclays slammed by politicians and unions for having its priorities wrong after saying it will axe up to 12,000 jobs this year to cut costs while increasing bonuses for its investment bankers.
BERLIN/ DUESSELDORF, Feb 11- German retailer Metro AG reined in full-year profit expectations on Tuesday after a dip in first-quarter earnings, largely due to lower real-estate income and the strong euro.
But frozen mackerel from Norway or imports from Morocco are more likely to fill the onion, lettuce and pickle stuffed buns than a fresh catch from the Bosphorus or Marmara Sea.
MOSCOW, Feb 3- Russian hypermarkets retailer Lenta is to list its shares in London, the company said on Monday, potentially raising at least $1 billion and tapping the demand from investors for consumer-focused businesses buoyed by Russia's rising middle class.
MOSCOW, Feb 3- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG,, said on Monday it would float in London, tapping demand from investors for consumer-focused stocks buoyed by a rising middle class.
European equities extended a two-week sell-off to close lower on Thursday, as investors booked profits on heightened fears that the U.S. Federal Reserve could act soon start to unwind its bond-buying program.
European equities closed higher as investors remained cautious ahead of the release of the minutes from the Federal Open Market Committee's October meeting.
Tesco will slash its China exposure by taking just 20 percent of a venture with a state-run company, a deal that underlines the travails foreign retailers have had in the Chinese market.
European shares closed higher on Thursday as investors reacted to strong U.S. and European data, as well as rate decisions from the European Central Bank (ECB) and the Bank of England (BoE).
European shares closed higher on Wednesday, mirroring gains in the U.S. after Federal Reserve Chairman Ben Bernanke reiterated his commitment to maintaining loose monetary policy. However, both European and U.S. shares pared some gains after Bernanke's more hawkish comments in the Q&A session.
Best Buy's move to exit Europe has many on Wall Street hoping the big box retailer does the same in China.
European shares pared their earlier gains to close narrowly mixed Wednesday as investors watched to see if Russia will extend or increase its loan agreement for struggling Cyprus.
German billionaire Otto Beisheim, one of the founders of German retail group Metro , took his own life after being diagnosed with an incurable illness, his family company said on Monday.