Hardware & electrical equipment
Fintech HighRadius is partnering with high-profile companies on its path to a possible IPO
The company has developed a credit-to-cash platform to simplify the accounts receivable process
Company
Walmart Inc
NYSE:WMT
Walmart Inc. is a technology-powered omni-channel retailer. The company provides the opportunity to shop in both retail stores and through e-commerce and to access its other service offerings. It offers an assortment of merchandise and services at everyday low prices (EDLP). It operates through three segments: Walmart U.S., Walmart International and Sam's Club.
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Sainsbury unveils appointment of City grandee Martin Scicluna as non-executive chairman to succeed David Tyler
Scicluna, who is chairman of RSA Insurance PLC, will join as the food retailer's chairman-designate on 1 November 2018 and it anticipates that he will assume the role of chairman from the beginning of the new financial year in March 2019, o
Hardware & electrical equipment
Daily CryptoCann™ Report: Walmart files a patent for blockchain delivery system; Michigan approves new conditions for its medicinal marijuana program
The patent application describes a blockchain-based system of lockers for package pick-up
Asda CFO Alex Russo leaves for Wilko in wake of proposed Sainsbury's merger
Alex Russo, who has been Asda CFO for more than four years, will be replaced by Rob McWilliam, the former head of finance and consumables at Amazon UK
Investments and investor services
J Sainsbury will be in focus but few fireworks expected in London on Wednesday
Wednesday is US Independence Day, meanwhile, the hangover from England's big game may leave London welcoming a light diary.
UBS ups its target for Sainsbury's as it thinks risk-reward looks attractive with Asda incorporated
Repeating a ‘buy’ rating on the stock, the Swiss bank’s analysts hiked their target for the FTSE 100-listed stock to 400p from 325p, with the shares currently trading at 319.3p
Tesco-Carrefour tie-up a 'direct response' to Sainsbury's-Asda merger, analysts say
Supermarkets have been tackling rising competition from discounters Aldi and Lidl and the growing threat of Amazon
Archive
Housebuilders and retailers take centre stage as slew of firms release latest results
The week ahead will see quarterly results from Sainsbury's and AB Foods, trading updates from Bovis Homes and Persimmon, and full year earnings from SuperDry
Barclays Capital now assumes an 80% chance of success for the proposed Sainsbury's/Asda merger
As a result, the bank’s analysts have raised their rating for Sainsbury’s to ‘overweight’ from ‘equal-weight’ and increased their target price to 375p from 300p previously
Cinedigm shares surge following improved earnings results in its fourth quarter
The content distributor has deals with big-name retailers such as Walmart, Best Buy, Target and Amazon
Sainsbury-Asda merger may still get CMA approval despite opposition from MPs, analysts say
MPs have accused Sainsbury's and Asda bosses of "talking baloney" and quoting "Mickey Mouse figures" in response to questions about their proposed merger
Daily CryptoCann Report: Square adds Bitcoin capability; Italy struggling to meet demand for medical marijuana
Italians are turning to the black market to fill medical marijuana prescriptions as the military-run facility fails to meet demand
Sainsbury's-Asda merger raises competition concerns, CMA reveals
The UK Competition and Markets Authority has published a summary of views received from interested parties on the impact of the planned merger of Sainsbury's and Asda
Hardware & electrical equipment
Microsoft throws down big challenge to Amazon with checkout-free retail
The Redmond-based software giant has been talking to Walmart about using the tech, which will rival Amazon’s own Go initiative
BBQ weather, Royal wedding helped boost sales at UK food retailers in May, but Sainsbury's underperformed
In the 12 weeks to May 20, Kantar Worldpanel’s industry data showed Sainsbury’s posted sales growth of 1% in the period, well below the grocery market's growth of 2.7%
SoftBank selling entire Flipkart stake to Walmart
Masayoshi Son’s Vision Fund cashes out surprisingly quickly after making a speedy profit in Flipkart
Sainsbury's Asda merger faces hurdle after MPs criticise changes to staff pay
More than 100 MPs have signed a letter to Theresa May asking the prime minister to take action against Sainsbury's "unscrupulous contract changes"
CMA issues 'invitation to comment' on proposed merger of Sainsbury's and Asda
All interested parties have been asked to submit initial views on the impact the proposed merger of Sainsbury's and Asda could have on competition by June 4
Asda notches up fourth straight quarter of like-for-like sales growth ahead of Sainsbury’s merger
Excluding the impact of the long Easter weekend, Asda saw like-for-like sales rise 1%, an acceleration from the 0.5% rate of growth it enjoyed in the prior quarter
Walmart, J.C. Penny and Children's Place shares all tumble after earnings
Meanwhile, Dillard's shares jump on 1Q surprise and sales gains