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Ashley’s Frasers buys $94million stake in online retailer AO World

BLOOMBERG Frasers Group Plc has bought an 18.9% stake in online electronics retailer AO World Plc, as Mike Ashley’s retail empire keeps up its acquisitive streak. Frasers has spent £75 million ($94 million) on the stake as part of a strategic partnership with AO World after two years of talks, according to a statement. The deal will help Frasers expand ...

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EasyJet cancels 100 flights at Gatwick

BLOOMBERG EasyJet Plc cancelled about 100 flights to and from London Gatwick Airport between June 11 and June 12 because of thunderstorms that hit southern England. Flight-tracking site FlightAware showed that EasyJet was the No 1 airline for disruptions, with 70 cancellations and 294 delays on June 11 and 26 cancellations and 181 delays. Gatwick said it canceled 48 outbound ...

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Saudi Arabia’s Flynas in talks with Airbus about placing plane order

BLOOMBERG Saudi Arabian low-cost carrier Flynas is in talks for an Airbus SE jet order, according to people familiar with the matter, as airlines in the country bulk up operations to better compete with regional rivals. The carrier may announce an accord with the European planemaker as soon as the Paris Air Show starting early next week, said the people, ...

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