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LONDON – British fashion retailer SuperGroup showed there was still life in the initial public offerings (IPO) market with an oversubscribed share offer valuing the firm at £395 million ($589 million).

The firm behind the Superdry brand worn by celebrities such as soccer player David Beckham and High School Musical star Zac Efron said on Friday it had priced its share offer at 500 pence.

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KUWAIT CITY – Investment Dar, the troubled Kuwaiti firm that owns half of luxury British carmaker Aston Martin, said Saturday it has filed for legal protection under Kuwaits financial stability law.

“Investment Dar announces today that it has started a process of legal protection under the terms of Kuwaits Financial Stability Law,” a company statement said. The company, which has debts of over $3 billion, said the move aims at pushing through a debt restructuring plan that is backed by more than 80 percent of creditors but is opposed by a minority.

If the request is accepted by authorities, it will halt all legal actions against Kuwaits top Islamic investment firm.

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LONDON – Crude oil prices rose on Friday, lifted by signs of firming demand as the world economy recovers from recession, analysts said.

New Yorks main contract, light sweet crude for April delivery, added 21 cents to $82.32 a barrel.

Londons Brent North Sea crude for April gained 17 cents to $80.45 per barrel.

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LONDON – Global stocks rose to seven week highs on Friday led by bank shares after talks on US banking reform collapsed, while speculation the Bank of Japan may soon ease monetary policy weighed on the yen.

Oil held its ground above $82 a barrel, poised for a second consecutive weekly increase on views that energy demand would continue to grow and further helped by a generally softer dollar, which also supported gold prices.

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LONDON – British Airways cabin crew will walk out for seven days later this month after talks between the airline and labour unions aimed at averting a strike broke down, dealing a fresh blow to the loss-making carrier.

The Unite union on Friday said BA cabin crew would strike for three days from March. 20 and for four days from March. 27.

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LONDON – British fashion retailer SuperGroup showed there was still life in the initial public offerings (IPO) market with an oversubscribed share offer valuing the firm at £395 million ($589 million).

The firm behind the Superdry brand worn by celebrities such as soccer player David Beckham and High School Musical star Zac Efron said on Friday it had priced its share offer at 500 pence.

Read More

LONDON – British fashion retailer SuperGroup showed there was still life in the initial public offerings (IPO) market with an oversubscribed share offer valuing the firm at £395 million ($589 million).

The firm behind the Superdry brand worn by celebrities such as soccer player David Beckham and High School Musical star Zac Efron said on Friday it had priced its share offer at 500 pence.

Read More

LONDON – Industrial production in the 16 countries that use the euro spiked by an impressive 1.7 percent in January from the month before, official figures showed Friday, raising hopes that the recovery from recession may be more buoyant than expected. The spike reported by Eurostat, the EUs statistics office, was the largest monthly increase recorded since records began in 1990 and was way more than the 0.6 percent advanced expected in the markets.

Eurostat also revised Decembers figures to show a 0.6 percent increase instead of the 1.7 percent drop initially reported. That may well stoke talk that eurozone economic growth in the fourth quarter of 2009 may be revised up from the 0.1 percent currently estimated.

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LONDON – British fashion retailer SuperGroup showed there was still life in the initial public offerings (IPO) market with an oversubscribed share offer valuing the firm at £395 million ($589 million).

The firm behind the Superdry brand worn by celebrities such as soccer player David Beckham and High School Musical star Zac Efron said on Friday it had priced its share offer at 500 pence.

Read More

LONDON – British fashion retailer SuperGroup showed there was still life in the initial public offerings (IPO) market with an oversubscribed share offer valuing the firm at £395 million ($589 million).

The firm behind the Superdry brand worn by celebrities such as soccer player David Beckham and High School Musical star Zac Efron said on Friday it had priced its share offer at 500 pence.

Read More