Amazon.com said on Thursday that it was cutting delivery routes short for drivers in places affected by poor air quality, while Target also said its contactless order pickup service may not operate in the most affected areas.
South African retailer Pepkor Holdings Ltd terminated a deal on Thursday to sell Building Co Proprietary to Cashbuild Ltd after the country's competition regulator recommended that the deal be blocked. (Reporting by Yadarisa Shabong in Bengaluru; Editing by Shounak Dasgupta)
By Reuters Staff
1 Min Read
LONDON, May 20 (Reuters) - British home improvement retailer Kingfisher on Thursday raised its first half profit outlook as it continued to benefit from strong demand during the COVID-19 pandemic.
The group, which owns B&Q and Screwfix in the United Kingdom and Castorama and Brico Depot in France and other markets, said it now expected first half adjusted pretax profit to be in the range of 580 million pounds to 600 million pounds ($818-$847 million). ($1 = 0.7087 pounds) (Reporting by James Davey; editing by Michael Holden)
4 Min Read
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) (Updates to market close)
NEW YORK, May 14 (Reuters) - Wall Street ended higher at the close of a broad rally, an upbeat conclusion to whipsaw week of buying and selling as signs of a rebounding economy did battle with mounting inflation jitters.
All three major U.S. indexes built on Thursday’s gains, which saw S&P 500 notch its biggest one-day percentage bump in over a month.
“Today ‘everything is going up day’ because everyone is buying,” said Chuck Carlson, senior vice president at Wealthspire Advisors, in New York. “It’s a ‘buy everything’ day.”
Voting rights groups are calling on companies such as Coca-Cola Co and Delta Air Lines Inc to oppose efforts by Republican lawmakers in Georgia to enact sweeping new restrictions on voting access in the battleground state.