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Advent Buys 80 Percent Stake In Walmart Brazil

PYMNTS

As Walmart refocuses its worldwide operations, Advent International plans to take a 80 percent stake in the retailer’s business in Brazil. We’re continually reviewing our portfolio, and, consistent with that, we’re currently considering options for our business in Brazil.”.

Regional 100
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Grocery And eCommerce Push Walmart’s Earnings Win

PYMNTS

In particular, the big-box retailer reported strength in sales, consumer spend, inventory reduction, eCommerce activity and growth in its grocery business, according to CNBC reports. To help pay off that move, Walmart plans to exit its stake in British grocer Asda and merge the business with peer J Sainsbury. percent.

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Alphabet Tracker: Offensive Content

PYMNTS

Tensions between Google and advertisers first arose when ads from the British government and several private companies, such as L’Oréal SA and British grocery chain J Sainsbury plc, were shown alongside videos that supported terrorist organizations.

Google 100
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Revealed: shares held ‘in secret’ by scores of MPs raise questions about vested interests

TheGuardian

Exclusive: MPs found to hold ‘in effect secret’ stock in listed firms from banks to housebuilders Wife of Tory MP who criticised windfall tax on oil firms has £50,000 in BP shares Attorney general and close family hold £130,000 in shares in six FTSE 100 firms Which UK MPs own shares in publicly listed companies?

Taxes 145
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Tory MP’s £500,000 stock portfolio raises questions about blind trust system

TheGuardian

Exclusive: Disclosures about ex-minister Jonathan Djanogly turn spotlight on controversial mechanism used to buy shares Which UK MPs own shares in publicly listed companies?

System 76
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Sainsbury’s Bank open to offers as retailer plans to exit finance

TheGuardian

Company exploring options as it plans to shift focus back to food and retail, rather than services Sainsbury’s Bank has opened the door to fresh takeover offers, after the supermarket group announced it would exit the banking business nearly 27 years after its launch.

Retail 53
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FTSE 100 firms hand billions in dividend payouts to Qatar investors

TheGuardian

Critics say everyday UK consumer spending has funnelled billions to controversial World Cup host since 2010 Some of the UK’s largest listed companies including water and energy giants have handed almost £500m to Qatari state-owned investors this year, raising concerns that blue-chip company profits are supporting the controversial World Cup host.

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