|Bid||407.400 x 0|
|Ask||407.600 x 0|
|Day's Range||444.800 - 453.000|
|52 Week Range||204.200 - 476.600|
|PE Ratio (TTM)||91.53|
|Forward Dividend & Yield||0.61 (0.14%)|
|1y Target Est||482.14|
Casino (CASP.PA) plans to buy shoe retailer Sarenza as the French group develops its Monoprix supermarket chain online to better compete with firms like Amazon (AMZN.O). Casino, whose credit rating was cut to junk by Standard & Poor's in March 2016, is under pressure to revive profits in France, its biggest market, where it now makes more than 50 percent of its sales, at a time of slower growth in Brazil. The planned takeover of Sarenza, which had sales of more than 250 million euros (221.46 million pounds)in its last fiscal year, follows an e-commerce deal between Casino and Ocado (OCDO.L).
China's tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd, worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers' digital wallets. The aggressive drive, supported by large cash piles and soaring share prices, is part of a battle to win over consumers and store operators to the two firms' competing payment, logistics, social media and big data services. The result: fewer and fewer retailers left without allegiance to either Tencent of Alibaba.
China's tech giants Alibaba Group Holding Ltd (BABA.N) and Tencent Holdings Ltd , worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers' digital wallets. The aggressive drive, supported by large cash piles and soaring share prices, is part of a battle to win over consumers and store operators to the two firms' competing payment, logistics, social media and big data services. The result: fewer and fewer retailers left without allegiance to either Tencent of Alibaba.
BEIJING/SHANGHAI (Reuters) - Danish toymaker Lego is hoping to build a following with Chinese parents by promoting its place in the classroom as well as the toy box. The firm, famous for its brightly coloured building blocks, is working with local education departments, state schools and the private education providers to get kids playing with Lego as a way to boost motor skills, creativity and attention spans. The educational push in China goes beyond what Lego does in other markets, in part a nod to the country's disciplined focus on learning but also a reflection of how the market is booming in importance as growth in the United States and Europe slows.
A small biotech, a Chinese tech giant, and the world's biggest coffee seller may be surprising choices to outgain Tesla. Keep reading to learn why they're on track to be better investments.
Vivendi's (VIV.PA) music unit lifted group profit last year, offsetting a downturn in its recently-acquired advertising unit Havas and the continuing recovery of its pay-TV division, the group said on Thursday. Universal Music Group (UMG) accounted for more than three-quarters of the group's core operating profit in 2017, which jumped 23 percent at constant currency and perimeter to 987 million euros (876.48 million pounds), helped by the release of records by global stars Sam Smith, U2 and Taylor Swift.
Korea's dominant messaging firm Kakao is back raising funds after its games business, a standalone unit that is headed for an IPO, pulled in $130 million (140 billion KRW) from Tencent and a range of other strategic investors.
U.S. stocks climbed for a fourth consecutive session, temporarily easing fears of a prolonged market downturn despite fresh signs of a pickup in inflation.
China e-commerce leader JD.com raised $2.5 billion by selling a stake in its logistics unit, posing a threat to Alibaba and Amazon.
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action.