Edition:
United Kingdom

Emma Thomasson

RPT-UPDATE 2-Czech investor tightens grip on Metro with additional stake

20 Sep 2018

BERLIN, Sept 20 Czech investor Daniel Kretinsky is buying more shares in German retailer Metro from Ceconomy, the companies said on Thursday, likely stoking speculation of a full bid.

Czech investor tightens grip on Metro with additional stake

20 Sep 2018

BERLIN Czech investor Daniel Kretinsky is buying more shares in German retailer Metro from Ceconomy , the companies said on Thursday, likely stoking speculation of a full bid.

Cash-flush Rocket Internet lifted by $175 million buyback plan

20 Sep 2018

BERLIN German ecommerce company Rocket Internet responded to investor calls to use some of its 2.1 billion euro cash pile on Thursday with a plan to buy back shares worth up to 150 million euros ($175 million), 3.6 percent of its outstanding stock.

No regrets for fist-raising Olympic champion sprinter 50 years on

19 Sep 2018

HERZOGENAURACH, Germany Tommie Smith, the former U.S. sprinter who won Olympic gold 50 years ago, is glad his decision to raise a black-gloved fist on the podium has inspired others even if it cost him his running career, as he sees a groundswell of support for equality.

Zalando blames it on the sunshine as cuts forecasts again

18 Sep 2018

BERLIN Zalando , Europe's biggest online only fashion retailer, cut its 2018 outlook for a second time in as many months, saying a long, hot summer had taken its toll and wiping as much as 20 percent off the value of its shares. | Video

Metro puts struggling Real hypermarket chain on the block

14 Sep 2018

BERLIN German retailer Metro AG plans to sell its struggling Real hypermarkets and is confident of interest in the chain, though bankers played down talk it might attract Amazon and a price tag of up to 1 billion euros ($1.2 billion).

Volvo shows off self-driving, electric truck with no cab

13 Sep 2018

BERLIN Sweden's Volvo , the world's second-biggest truck maker, presented a new self-driving electric truck on Wednesday, which it said should help respond to the boom in ecommerce and a shortage of freight drivers.

Rocket-backed furniture site Westwing plans Frankfurt IPO

13 Sep 2018

BERLIN European online furniture retailer Westwing plans to raise about 120 million euros ($139 million) in a Frankfurt listing, the latest start-up backed by German investor Rocket Internet to go public.

World News