Discretionary Retail equity research

Explore the most viewed and latest equity research and media content for companies within the Discretionary Retail sector. Stocks in this sector include those who specialise in: clothes & apparel, multiservice retail, and home improvement / DIY etc.

Discretionary Retail equity research

Explore the most viewed and latest equity research and media content for companies within the Discretionary Retail sector. Stocks in this sector include those who specialise in: clothes & apparel, multiservice retail, and home improvement / DIY etc.

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TikTok plans streaming launch, HP reject Xerox bid, Softbank to create $30bn tech giant

TikTok owner Beijing ByteDance Technology is in talks with big music labels - Universal Music, Sony Music and Warner Music - for global licensing deals to include their songs on its new music subscription service, the Financial Times reported on Sunday. ByteDance is looking to launch its music streaming as soon as next month, initially in emerging markets such as India, Indonesia and Brazil, before a future opening in the United States, the FT reported, citing people familiar with the matter. HP's board of directors said Sunday that they unanimously rejected a proposal from Xerox to acquire the company, because the offer is not in the best interest of shareholders and would undervalue HP. Xerox had offered HP $22 per share in its takeover bid for the company. HP is worth $29 billion and is over three times the size of Xerox, which makes printers and copiers, in terms of market cap. Japan's SoftBank plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech giant, as it bags struggling internet companies to bulk up against rivals like Rakuten Inc. The telco in a statement said Yahoo Japan, which last month changed its name to Z Holdings Corp, will merge with Line, owned by South Korea's Naver Corp, in a deal to be completed in October 2020. The companies aim for a definitive agreement by next month in a transaction that will see SoftBank Corp and Naver form a 50:50 venture that will control Z Holdings, which will in turn operate Yahoo Japan and Line.

  • 18 Nov 19
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