The Chinese online giant Alibaba has taken a minority stake in Klarna, the rapidly growing “buy now, pay later” business in a move that will further boost the Swedish group’s $5.5 billion (£4.3 billion) valuation.
Intu Properties (INTU), one of Britain’s largest shopping centre owners, has abandoned plans for an emergency fundraising to reduce its £4.7 billion debt pile.
Braemar Shipping Services (BMS) said that the prolonged disruption triggered by the coronavirus outbreak, which has shut down factories across China and strained production lines across the world, was likely to knock its sales.
