CHECKOUT COUNTER: Muscling in on the home-share market
Marriott International has announced its foray into the home-sharing market through a partnership with London-based home-rental management company Hostmaker
1. Muscling in on the home-share market In a move that could make Airbnb nervous, Marriott International has announced its foray into the home-sharing market through a partnership with London-based home-rental management company Hostmaker. Travellers can log onto tributeportfoliohomes.com and book a stay in any one of more than 200 London homes. 2. H&M cuts its cloth Fashion retailer H&M is expected to slash its dividend 7.5% for the 2018 financial year, according to the average estimate of 27 analysts surveyed by Bloomberg. It would be the first cut since H&M began trading in 1974. The Swedish retailer has come under pressure as Inditex’s Zara and slicker online rivals steal market share. 3. Coke raises a glass Coca-Cola reported quarterly earnings and revenue that beat Wall Street expectations. This was due to the relaunch of Diet Coke and Coca-Cola Zero, and an expansion of newer brands. Revenue was US$7.6bn, against an estimate of $7.35bn. Profit was US47c/share, surpassing anal...
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