Somerfield raises Â£51m to help fund stores purchase
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Somerfield raised Â£51m through a shares placing yesterday to help finance the purchase of 114 stores from its rival supermarket group, William Morrison.
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The supermarket group Tesco, the nation's biggest retailer, has said it has paid about 350 million dollars (264 million euros) to raise its stake in its Chinese joint venture with Ting Hsin to 90 percent from 50.
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SYDNEY Westfield Group, the world&#39;s largest owner of shopping centers, on Thursday offered Â£585 million, or $1.1 billion, in cash for Elliot Bernerd&#39;s Chelsfield, which is building London&#39;s largest mall.
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Berkshire businessman gets a bargain but will have to spend Â£20m to revive ailing holiday village
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Share sale to fund 'world's biggest fab' expansion plan
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Business & money: 9.30am: Shares in the bank jumped almost 3% after recommendation.
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Delta Two, a Qatar-backed investment fund, said it submitted an offer to the board of J Sainsbury that valued the company, one of Britainâs largest retailers, at about Â£10.6 billion ($21.7 billion), or 600 pence a share. It was the second cash offer this year for Sainsbury; Delta owns 25 percent of the company. The fund proposed spending Â£3.5 billion to build and renovate Sainsbury stores and expand its range of nonfood goods.
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Australian retailer Coles Group Ltd.  put itself up for sale on Friday after receiving a number of  takeover approaches, saying it believed it was worth more than  A$18.2 billion ($14.3 billion).
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Deb Shops has cash in the bank and more on the way.
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The American millionaire yesterday splashed another Â£17million to buy a further six million shares to add to the Â£45m purchase he made late on Friday.
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Supermarket giant Tesco sees a 10.3% rise in half-yearly profits to Â£1.09bn,  boosted by international sales.
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The supermarket group Tesco, Britain's biggest retailer, said it has paid about 350 million dollars (264 million euros) to raise its stake in its Chinese joint venture with Ting Hsin to 90 percent from 50.
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SYDNEY: Australian supermarket giant Woolworths raised its bid for pubs chain ALH to A$1.2bn ($898m) on Monday, but rival Coles Myer played for time by winning a deadline extension.
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MORRISONS is to hand over 114 of its smaller Safeway stores to rival Somerfield as part of a Â£260m deal. Morrisons said the sale would let it concentrate on the larger Safeway stores that it acquired and
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A community group is pressing ahead with the purchase of a Skye ferry after netting Â£60,000.
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Business & money: Retailer Sir Philip Green has explored the sale of Arcadia's Â£700m pension fund
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Westfield Group has upped the ante in its expansion plans into the United Kingdom retail market with a $1.48 billion cash bid to buy out Duelguide plc, the company which owns retail property group Chelsfield plc.