BLOOMBERG Retailers ranging from Tesco Plc to Burberry Group Plc have called for immediate action from the UK government to tackle the rise in shoplifting that’s emerged during the nation’s cost-of-living crisis. Almost 90 retail chiefs have signed a letter to Home Secretary Suella Braverman asking for the government to create a standalone offense of assaulting a retail worker, along …

BLOOMBERG Air France KLM’s plan to buy a stake in troubled Scandinavian carrier SAS AB gives the long-overdue consolidation of European airlines a jolt as more regional operators come under the control of three big groups. The Franco-Dutch carrier said that it will invest as much as $144.5 million for 19.9% of SAS, with the option to take a controlling …

BLOOMBERG Tesco Plc lifted its profit forecast as it attracted shoppers by keeping a tight lid on food prices and its own costs. Britain’s biggest grocer now expects to deliver as much as £2.7 billion ($3.3 billion) in adjusted operating profit this year from its retail business, compared with previous guidance of flat profit. The stock rose 3.2% on Wednesday. …