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HONG KONG (AP) — JD Logistics’ shares were up 2.8% after jumping as much as 18% in their trading debut Friday in Hong Kong. The company is a subsidiary of Chinese e-commerce giant JD.com. It is the latest technology company to list in the semi-autonomous Chinese city as Beijing intensifies scrutiny of the technology sector. The firm raised $3.1 billion in its initial public offering. That’s the second largest for this year in Hong Kong after short-video firm Kuaishou raised $5.3 billion. JD Logistics CEO Yu Rui said in an interview with reporters Friday that the funds raised fro...

Clamour grows for immediate inquiry into government response … Johnson to meet Orbán … Cillian Murphy on Peaky and Helen McCrory

File Steinhoff-controlled Pepkor said it saw a 50.6% increase in headline earnings per share with revenue of R36.5 billion and a 18.5% growth in operating profit. On Thursday, the group said strong operational performance in addition to a significantly lower level of debt resulted in the growth of headline earnings per share for the six-month period ended 31 March 2021. Pepkor owns Ackermans, Pep, and JD Group - which includes brands such as Joshua Doore, Incredible Connection and Hi-Fi Corporation. The group saw 8.1% growth in revenue to R36.5 billion while it also reduced net debt by R8 b...

Mr Price and Pepkor have been big beneficiaries of a weak economy exacerbated by the Covid-19 pandemic. Although sales over the past year have been affected by the lockdown, both retail groups have been quick to recover as consumers shopped down to match their shrinking wallets.

The day Big Oil discovered that the makeup of its board could be changed against its will