A report by Reuters said the financial crisis had shifted consumer spending habits in the UK from making bulk purchases in superstores to frequent small purchases in nearby small shops, prompting major grocers to change focus of their capital investment to the new consumer trend to attract potential investors.
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Wall Street will be moving hundreds of millions into Bitcoin - SecondMarket chief
SecondMarket founder and chief executive Barry Silbert claimed in an article on Entrepreneur that Wall Street will soon invest their money in hundreds of millions into Bitcoin.
Simon Property Group spins strip center unit to a REIT
US operator of shopping malls Simon Property Group announced its proposed spin-off of its cluster portfolio of its strip centers and malls as a REIT on Friday.
Las Vegas Sands to cancel Spanish mega-casino investment plans
US casino operator Las Vegas Sands said on Friday that it will drop its over $30 billion investment plans into Eurovegas, a mega-casino project to be established in Madrid.
Spain's Pescanova mulls over KKR consortium takeover offer
Debt-ridden fishing firm Pescanova SA is weighing a buyout offer from a consortium led by US private equity firm KKR & Co. The KKR & Co consortium, which includes investment firm Ergon Capital Partners and existing shareholders Luxempart and Damm, offered to acquire Pescanova for an undisclosed sum.
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According to Bloomberg, chemical firm BASF said it will be selling some North Sea oil and gas assets to MOL Hungarian Oil & Gas in a deal worth $375 million.
Confectionery retailer Candyking on Friday said it will withdraw its initial public offering at the Stockholm bourse. Candyking in November said that it would sell 18.5 million shares in a deal worth SEK830 million.
Elder Pharmaceuticals Ltd. has put up for sale its Indian formulations business to reduce its debt. Rival Torrent Pharmaceuticals will acquire the asset for $324.1 billion through internal accruals and debt.
California-based Blackhawk Network Inc will be entering the prepaid market in Africa through a partnership with South Africa-based Opengate Technologies to distribute iTune Gift Cards to the country.
Moscow, Russia-based fund AddVenture has invested $2 million in online jewelry seller Nebo.ru and an undisclosed amount in food delivery startup Chefmarket.ru for their marketing and expansion projects.
Sweden-based Arcam said it had signed a deal for the acquisition of the AP&C division from Raymor Industries for a price tag of CA$ 35 million.
US-based EchoStar Corp. said it had ended talks with Vivendi SA's subsidiary Global Village Telecom on a proposed partnership in Brazil. The joint venture aims to provide pay TV services in the Latin American country.
As General Motors Co disposes its 7% shareholder interest in France's PSA Peugeot Citroen, the latter said it is currently in talks with Dongfeng about a potential tie-up.
Philippines-based oil firm Trans-Asia Oil and Development Corp has agreed to acquire an unspecified amount of shares worth PHP136 million in Frontier Oil Corp next year, the latter said in a stock exchange disclosure.
