Bloomberg UK supermarket chain J Sainsbury Plc reported annual profit that beat estimates as the company outperformed peers in a market blighted by deflation and discount competition. Operating profit fell 11 percent to 700 million pounds ($1.02 billion) in the 52 weeks ended March 12, the country’s second-biggest grocer said in a statement Wednesday. Analysts expected 683.4 million pounds, ...

  Paris / AFP Air France-KLM announced on Wednesday it had trimmed losses in the first quarter of 2016 but the airline said passenger traffic to Paris had been affected by terror attacks in Europe and it warned of a difficult year ahead. The Franco-Dutch group warned of doubts over fuel prices, some bloated routes and uncertainty over the economic ...

  Bloomberg Gol Linhas Aereas SA is offering to exchange $780 million of dollar-denominated notes for new securities maturing over a decade, as the Brazilian airline struggles to reshape its finances amid a deepening recession in the domestic market. Bondholders of five different tranches of debt, one of them maturing as early as next year, are being asked to accept ...