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EasyJet posts first profit drop since 2009 on terror, Brexit

  Bloomberg EasyJet Plc’s annual profit fell for the first time since 2009 as a spate of terror attacks clipped demand and the decline of the pound following Britain’s vote to quit the European Union inflated foreign-currency costs. Pretax profit for the 12 months ended Sept. 30 is expected to have been in the range of 490 million pounds to ...

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Future Group to raise US$1bn sales by 2021

  Bloomberg Future Group, which runs India’s largest chain of department stores, expects record growth in the current financial year as a favorable monsoon boosts agricultural output and rural incomes. The group, which controls four listed entities including Future Retail Ltd., is expecting to register 25 percent to 28 percent growth, Chief Executive Officer Kishore Biyani said in an interview ...

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Wal-Mart boosts stake in JD.com, forays into China

  Bloomberg Wal-Mart Stores Inc. is pushing more aggressively onto Alibaba Group Holding Ltd.’s turf. The Bentonville, Arkansas-based retailer boosted its stake in China’s second-largest e-commerce website JD.com Inc., strengthening an alliance to win more market share in the world’s largest online market. Wal-Mart lifted its holding to 10.8 percent from 5.9 percent, according to an amended 13-G filing on ...

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