trending Market Intelligence /marketintelligence/en/news-insights/trending/nkco2n1ILyo4Xj5rdgX4Fw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

India's Reliance launches e-commerce platform; Greek retail sales up 6.6% YOY

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


India's Reliance launches e-commerce platform; Greek retail sales up 6.6% YOY

TOP NEWS

* India's Reliance Industries Ltd. rolled out an early version of its e-commerce platform called JioMart and has begun inviting customers in Mumbai to sign up for its home grocery delivery service, the Financial Times reported. JioMart, which aims to connect local shops to customers, will charge new registrants up to 3,000 Indian rupees, the report said. A source close to the matter reportedly told the newspaper that Reliance plans to expand JioMart to include its existing retail operations through loyalty programs and other incentives.

* Retail turnover in Greece rose 6.6% year over year in October 2019, but declined 4.3% from September, according to the Hellenic Statistical Authority. The growth was mainly driven by increased sales in pharmaceutical products and cosmetics. At constant prices, retail turnover grew 7.1% from October 2018 but fell 4.8% month over month. In seasonally adjusted terms, overall turnover decreased by 0.7% during the month.

TEXTILES, APPAREL AND LUXURY GOODS

* H & M Hennes & Mauritz AB launched a collection for American singer Billie Eilish in stores and online Jan. 2. The fashion line features Eilish's oversized style of shirts, hoodies and sweatshirt dresses.

HOUSEHOLD AND PERSONAL PRODUCTS

* Energizer Holdings Inc. closed the sale of its European consumer battery business to Varta AG. As part of the agreement, Energizer will receive net proceeds of about $300 million, which it will use to pay down term loan debt, in addition to the €180 million purchase price. The deal is part of the European Commission's clearance conditions for Energizer's $2 billion purchase of Spectrum Brands Holdings Inc.'s battery and lighting unit.

FOOD AND STAPLES RETAILING

* The Co-operative Group will launch a plant-based brand called Gro at 2,000 of its stores and in up to 4,000 independent retailers starting Jan. 8. In addition to the vegan range, which features 35 meatless products, the group will also offer an online same-day city center delivery service at 650 of its stores in 2020. The Co-op also plans to sell vegan beers and ciders during the year.

The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Asia, the Hang Seng gained 1.25% to 28,543.52.

In Europe, around midday, the FTSE 100 was up 0.84%% to 7,606.17, and the Euronext 100 increased 1.17% to 1,157.83.

On the macro front

The jobless claims report, PMI manufacturing index, the Fed balance sheet and the money supply report are due out today.

Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.

The Daily Dose is updated as of 8 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.