Marks & Spencer profit rises 52%, but retailer warns of challenging market conditions

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Marks & Spencer profit rises 52%, but retailer warns of challenging market conditions

Marks & Spencer Group PLC said Wednesday that pretax profit rose 52% in the first six months of fiscal 2020, despite a drop in revenue. For the period ended Sept. 28, the U.K. retailer MKS, -1.11% said that pretax profit was 153.5 million pounds ($197.8 …
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Alipay, WeChat Pay Open Apps to Foreigners Visiting China

Chinese payments giants Alipay and WeChat Pay, long a source of worry among competitors abroad, said they're planning to open up their platforms
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Pakistan's Shan Foods Considers Sale of Majority Stake

Shan Foods Pvt. is considering the sale of a majority stake that could value the Pakistani spice maker at about $250 million, according to people
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Cause of Philadelphia fire sounds alarm over aging US refineries

PHILADELPHIA (Reuters) – How did a piece of piping installed when Richard Nixon was U.S. president go without once being checked before leading to a fire that devastated the East Coast’s largest and oldest oil refinery? FILE PHOTO: A bird flies above the …
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SocGen's restructuring dents third-quarter results but lifts capital buffer

PARIS (Reuters) – Societe Generale (SOGN.PA), France’s third-largest listed bank, reported a 34.8% drop in quarterly net profit, marked by weakness in its trading and investment banking business. Chief Executive Frederic Oudea cited progress in his efforts …
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