Starbucks Corp., the world’s biggest coffee chain, will move its European head office to London from Amsterdam, increasing the amount of tax it pays in the U.K. following criticism over the matter last year.
Tesco Plc, the U.K.’s largest retailer, rose the most in five years in London trading as quarterly sales advanced in some European markets, helping offset the weakest domestic performance in recent history.
Yue Yuen Industrial Holdings Ltd., a shoe supplier for Nike Inc. and Adidas AG, said more than 1,000 factory workers in a southern Chinese city went on strike yesterday, demanding better social security payments.
SABMiller Plc, the world’s second- biggest brewer, said it’s considering options for its $1.04 billion stake in hotel and casino operator Tsogo Sun Holdings Ltd. as it reported beer revenue that missed estimates.
Almost two years after cutting his projection of long-term sales growth at Marks & Spencer Group Plc, Chief Executive Officer Marc Bolland will unveil figures next week indicating even that was too optimistic.