A weekly round up of the hottest international retail and consumer news 1. Squeeze at BMWMunich-based car maker BMW’s profit margins on cars fell in the third quarter. This is thanks to more spending on engineering staff and investment in developing electric cars. Return on sales at BMW’s core automotive division fell to 8.5% in the quarter ending in September, from 9.1% a year earlier. While the company warned that margins would remain under pressure due to continued investment, it reiterated its full-year target of a slight increase in pretax profit.2. Tesco in hacking attackAround 40,000 Tesco banking customers had their accounts hacked this weekend, with around half this number losing money as a result. Tesco Bank has 7.8m customer accounts. It was opened in 1997 and has been wholly owned by Tesco Plc since 2008. The group took drastic measures on Monday, temporarily halting all online transactions for current account holders. 3. Reebok rejigAdidas’s new boss, Kasper Rørsted, th...
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