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BUSINESS EXTRA Watching the gatekeepers
CAF contract
BASQUE rolling stock company CA, which builds environmentally sustainable transport, was awarded a contract worth more than €150 million to supply electric trams, trains and buses for Cagliari, Naples and Palermo in Italy. The 98 Cagliari buses will be built by CAF’s Polish subsidiary, Solaris, with the first deliveries due to arrive in 2024.
Dress stress
VAMPIRE’S WIFE fashion label worn by the Princess of Wales received a ‘windingup petition’ allowing the courts to close the firm for failing to settle outstanding debts. The company expects £6.6 million (€7.7 million) in sales this year, 38 per cent up from 2021 when it lost £2.1 million (€2.5 million) during the pandemic.
SEVEN companies have informed the EU that they are affected by new anticompetitive practices regulations.
These affect companies valued at more than €75 billion on the stock market, with European sales exceeding €7.5 billion, at least 45 million active endusers and 10,000 business users inside the EU.
On July 4, the European Commission named the companies as Alphabet (Google), Amazon, Meta (Facebook), Apple and Microsoft, plus Samsung and ByteDance, the Chinese
JOHN LEWIS intends to build and rent out 11,000 properties as it makes plans to generate 40 per cent of its profits from outside retail by 2030.
The group, which owns Waitrose supermarkets as well as department stores, has made planning applications for projects in west and southeast London, while preparing to manage apartments built by other developers.
This, sources said, would enable the Part
Branching out
nership to try out services and ideas for its own sites.
“We are absolutely committed to this,” Nina Bhatia, Strategy director at John Lewis, said. “At a time when there is a housing crisis and people want homes to buy or rent we are making a huge contribution,” she insisted.
