After weeks of tense exchanges, the maternity apparel company announced the preliminary results of the vote for its Board members at its Annual Meeting on Wednesday, declaring the victory of a new slate of directors.
Shareholders of Westfield Corp voted in favour of a $16 billion takeover offer from Unibail-Rodamco, Westfield Chairman Frank Lowy said on Thursday, closing the biggest takeover offer of an Australian company on record.
The South African retailer has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back 16 billion rand ($1.26 billion) in shareholder loans.
Target Corp’s first-quarter profit came in below analyst estimates as price cuts, higher wages and investments in its online business ate into margins, sending shares down 5 percent in afternoon trade on Wednesday.
M&S had some good news Wednesday as it reported more customers, higher e-sales and improved Clothing & Home margins. But all other figures were poor as it spent heavily to force through the change it desperately needs.