Bloomberg Tesco Plc shares surged the most in almost two years as CEO Dave Lewis vowed to double the UK supermarket’s profit margins in the next three years, helped by an additional 1.5 billion pounds ($1.9 billion) in cost cuts and more premium items. The stock rose as much as 11 percent to 210.15 pence, the highest since August …

  AFP German airline Air Berlin said on Wednesday it would discuss transferring part of its fleet to a new group founded by package tour giant TUI and Gulf carrier Etihad as part of a major overhaul. Air Berlin will discuss bringing 35 of its aircraft, including 14 already leased from TUI subsidiary TUIfly, into a “new airline group to …

  Bloomberg Brazilian companies such as Embraer SA and Marcopolo SA are scrambling to close multibillion-dollar deals to sell planes and buses to Iran, seeking to navigate remaining U.S. financial sanctions, senior officials have said. The plane-maker is in advanced negotiations to sell at least 20 E195 jets with a total list price of more than $1 billion, while the …