Bloomberg Online grocery services provider Ocado Group Plc and Casino Guichard-Perrachon SA in France have created a logistics joint venture to help other retailers in France sell their goods online. In a significant expansion of their existing partnership, the two companies signed a preliminary agreement where the duo will provide logistics services, including project management and operations support in ...

  Bloomberg UK retail sales bounced back in January as the impact of the Omicron variant on consumers ebbed. The volume of goods sold in stores and online added 1.9%, reclaiming some of the 4% plunge in December, the Office for National Statistics (ONS) said. It was the biggest monthly increase since April when non-essential stores reopened. Economists had expected ...

  Bloomberg Hermes International shares fell the most in five years after the French luxury-goods maker reported lower revenue from its key leather-goods division as it failed to keep up with demand for products like $9,000 Birkin bags. The stock dropped as much as 8.4%, having lost more than a quarter of its value since setting a record late last ...

  Bloomberg IndiGo co-founder Rakesh Gangwal resigned from the company’s board and plans to pare his stake over five years, according to a statement by the airline. Earlier this month, Rahul Bhatia, the billionaire co-founder of IndiGo, took on a newly-created executive position of managing director at the company. Gangwal had accused Bhatia of corporate governance lapses. The founders were ...

Bloomberg The wealthy Long Island resort of East Hampton is delaying the planned closing of its airport until May 17 after the Federal Aviation Administration (FAA) warned of flaws in the New York town’s efforts to reduce noise from air traffic. The town’s board had voted last month to shut the airport at the end of February and reopen it ...

  Bloomberg Stocks rise on Friday as planned talks between Russia and the US over Ukraine alleviated some investor gloom about geopolitical risks. Europe’s Stoxx 600 Index and US equity futures advanced after Russian Foreign Minister Sergei Lavrov agreed to meet US Secretary of State Antony Blinken for talks in Europe next week. On Thursday, President Joe Biden warned that ...

  Bloomberg 74-year-old Ng Kok Song has built one of Singapore’s fastest-growing investment companies with plans to make it a global player. Avanda Investment Management’s assets have more than doubled to around $10 billion since it was co-founded by Ng in mid-2015 — soon after he retired from sovereign wealth giant GIC as its chief investment officer following a 42-year ...

  Bloomberg Air France-KLM plans to cautiously ramp up capacity in coming months as the latest coronavirus wave fades, while exploring new ways to raise funds to pay back a government pandemic bailout. The struggling carrier forecast network capacity of 73% to 78% of 2019 levels during the first three months of this year, according to a statement. That would ...

  Bloomberg Australian airline Rex laid out ambitious plans to increase the number of jets taking on Qantas Airways Ltd on the country’s busiest routes, saying the worst of the fallout from the pandemic appears to be over. Regional Express Holdings Ltd, as the airline is officially called, last year started a domestic business flying popular legs including Melbourne-Sydney and ...

  Bloomberg AerCap Holdings NV, the world’s largest aircraft leasing firm, is “very optimistic” people will travel in large numbers once borders open up and believes that will apply equally to Southeast Asia, which is currently lagging the rest of the world, according to Chief Executive Officer Gus Kelly. Travel in the US is already back to around 80% of ...