Bloomberg Investors in the retail industry are a tough crowd. Just ask Walmart Inc, which matched sales growth estimates, raised its forecast — and watched its shares drift lower in midday trading as analysts picked over the numbers. The shares fell as much as 1.2% after earlier hitting a record high. What changed? After all, the key gauge of same-store ...

Bloomberg Wizz Air Holdings Plc, Europe’s fastest-growing low-cost airline, escalated a spat with full-service rivals over carbon emissions, saying their reliance on lucrative business-class fares is at the heart of the industry’s problems with environmental campaigners. Airlines like Deutsche Lufthansa AG, which has attacked discounters for stimulating non-vital travel, rely on transporting corporate flyers in heavy seats with a CO2 ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), on Wednesday announced a significant investment to upgrade its giant Bab onshore field, one of its largest onshore producing assets, located 160 kilometres southwest of Abu Dhabi city. The investment valued at AED1.8 billion will re-energise Adnoc’s first field producing Murban grade crude to sustain long-term crude oil production ...