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Safran to buy Zodiac in €10bn deal

  Bloomberg Aircraft-engine maker Safran SA agreed to buy plane-seat supplier Zodiac Aerospace SA for almost 10 billion euros ($10.5 billion) in an all-French deal that will unite two of the country’s biggest aerospace groups. Safran will offer 29.47 euros per share in cash, 26 percent above Wednesday’s close, the companies said on Thursday. If half of Zodiac’s equity is ...

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Ryanair may scrap UK domestic routes post Brexit

  Bloomberg Ryanair Holdings Plc could cease flights within Britain once the country leaves the European Union, rather than take steps to comply with new regulations. As an Irish company, Europe’s biggest discount carrier could require a UK air operating certificate, or AOC, in order to continue domestic services there once Brexit is implemented, Chief Financial Officer Neil Sorahan said. ...

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Shoprite lures shoppers with cheaper food

  Bloomberg South African shoppers with limited spending money are turning to low-cost supermarket chains such as Shoprite Holdings Ltd. for cheaper food and eschewing new clothes to counter accelerating inflation. Africa’s biggest food retailer reported 7.4 percent half-year sales growth at South African stores that have been open for more than a year, equal to how much the company ...

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