UK shares inched higher on Monday, supported by consumer staples and industrials stocks as the economic recovery gathered pace, while recruiter SThree rose after its performance returned to pre-pandemic levels in the first quarter.
New Zealand's Tilt Renewables Ltd said on Monday it would be acquired by a consortium including its second-largest shareholder and Australia's AGL Energy Ltd for NZ$2.94 billion ($2.10 billion), sending its shares to an all-time high.
New Zealand's Tilt Renewables Ltd said on Monday it would be acquired by a consortium including its second-largest shareholder and Australia's AGL Energy Ltd for NZ$2.94 billion ($2.10 billion), sending its shares to an all-time high.
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TOKYO (Reuters) - Japanese e-commerce firm Rakuten Inc said on Friday it would sell an 8.32% stake to postal and banking giant Japan Post Holdings Co Ltd, deepening a logistics tie-up in the face of competition from rivals such as Amazon.com Inc.
FILE PHOTO: The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey
Rakuten, which plunged to an operating loss in 2020, is under pressure on multiple fronts as it battles Amazon in e-commerce and takes on Japan’s cash-rich telcos with its own mobile network.
“Rakuten is the best partner for us, as it has advanced digital technology,” Japan Post Holdings Chief Executive Hiroya Masuda told a news conference.