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Morgan Stanley is optimistic about Aditya Birla Group's retail ventures, initiating coverage on Aditya Birla Lifestyle Brands Ltd (ABLBL) with an "Overweight" rating, projecting a 23% upside. Simultaneously, Aditya Birla Fashion and Retail Ltd (ABFRL) was upgraded to "Overweight," anticipating a 53% potential increase. This upgrade is due to improved profitability.
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According to a Freedom of Information request, 5,830 Countryside Stewardship agreements will end.
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News and Media
Seven & i Holdings plans a major U.S. expansion. The company will invest billions to upgrade 7-Eleven stores. Focus is on high-quality, Japanese-style fresh food. This includes the popular egg salad sandwiches. Stephen Dacus aims to replicate Japan's convenience store success. The move follows a failed takeover bid. The company seeks growth in a competitive U.S. market.
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