Melrose Posts Heavy Losses as Aerospace and Auto Sales Fall. Why The Stock is Soaring.

Text size The turnaround specialist Melrose had a tough first half of 2020, posting an operating loss of £581 million as revenue tumbled 26% to £4.36 billion. Getty Images Melrose stock soared on Thursday, despite the engineering business owner suffering heavy losses and scrapping its dividend as it indicated signs […]

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Zara-owner Inditex starts online sales at budget brand Lefties

Sat Sep 5 , 2020
MADRID (Reuters) – Zara-owner Inditex’s (ITX.MC) little-known budget brand Lefties started online sales in Spain and Portugal on Thursday, giving the label a digital advantage over discount fashion chain Primark in its second-biggest market. A woman leaves a Lefties store, an Inditex brand, in Malaga, Spain September 3, 2020. REUTERS/Jon […]