Funding & Business
John Lewis Widens Losses on Packaging and Employer Costs
John Lewis Partnership Plc’s losses widened after the retailer was hit by tens of millions of pounds of costs linked to the UK’s new packaging rules and higher employment tax.
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Orix Corp.’s real estate investment unit has raised the target size of one of its funds by 33%, reflecting rebounding Japanese institutional investor demand for property market deals.
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China’s economy likely endured another month of weakness in August, with a slowdown in industrial output and investment offsetting a slight improvement in retail sales.
Official data due Monday will show factory production increased 5.6% in August from a year earlier, down from a 5.7% gain in the previous month, according to the median forecast in a Bloomberg survey. Retail sales growth is expected to pick up slightly to 3.8% after the weakest gain all year, while fixed-asset investment probably had its slowest expansion in almost half a decade.
Zijin Gold International Co. is planning to begin gauging investor interest as soon as next week for a Hong Kong initial public offering that may fetch more than $3 billion, according to people familiar with the matter.
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