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Tesco to create UK’s leading food business with £3.7bn deal

  Bloomberg Tesco Plc agreed to buy Booker Group Plc for about 3.7 billion pounds ($4.6 billion), pooling the UK’s biggest supermarket chain with the No. 1 food wholesaler and gaining access to the fast-growing market to supply restaurants and hotels. The grocer said it will pay a mixture of cash and shares worth 12 percent more than at Thursday’s ...

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Turkey’s Burger King chain may fetch $2bn

  Bloomberg TAB Gida Sanayi & Ticaret AS, the Turkish company that controls the biggest international Burger King franchise, is considering an initial public offering that could value it at more than $2 billion, people familiar with the matter said. The owners of TAB Gida, which also has the rights to operate Burger King in China, are working with Moelis ...

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Southwest says stronger demand is poised to halt

  Bloomberg Southwest Airlines Co., the largest US discounter, is benefiting from a pickup in demand and pricing power that began late last year and is carrying over into 2017. Airfares are firming up after almost two years of declines, Chief Executive Officer Gary Kelly said. Revenue from each seat flown a mile, an industry benchmark, is poised to end ...

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