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Jumia seeks USD 1.5 bln value in US IPO, could help MTN cut debt - report

2019-02-11 09:50:00| Telecompaper Headlines

(Telecompaper) African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about USD 1.5 billion, Bloomberg reported, citing people familiar with the matter. Jumia's largest shareholder MTN Group is planning to raise as much as USD 600 million by selling its shares through the IPO, said one of the people, who asked not to be identified as the information is not public. MTN and Jumia declined to comment.

Tags: report cut usd debt

 

Mexican economic plan aims to cut migration to the US

2019-02-07 01:07:01| BBC News | Business | UK Edition

While Donald Trump wants to build his wall, Mexico's new president wants less of his countrymen and women to want to go to the US.

Tags: us plan cut economic

 
 

Autoparts maker Brose to cut 100 jobs at Ontario operations

2019-02-05 20:56:12| Canadian Plastics Headlines

The Germany-based company says it is adjusting production capacity at its London, Ont. manufacturing facility to meet shifting customer demand as the market moves away from passenger cars towards SUVs and crossovers. The post Autoparts maker Brose to cut 100 jobs at Ontario operations appeared first on Canadian Plastics.

Tags: jobs cut operations ontario

 

Brighthouse to shut 30 shops and cut 350 jobs

2019-02-05 20:31:02| BBC News | Business | UK Edition

The rent-to-buy retailer is closing 10% of its stores ahead of new rules limiting charges.

Tags: jobs cut shops shut

 

'Big six' energy firm Npower to cut 900 jobs

2019-01-31 18:33:32| BBC News | Business | UK Edition

The number of redundancies will be "considerably lower" because of natural turnover, Npower says.

Tags: big jobs energy firm

 

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