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Billionaire Branson sits out Virgin Orbit’s costly flameout

BLOOMBERG Richard Branson was long a force to be reckoned with in the booming private space business. The British serial entrepreneur beat fellow billionaire Jeff Bezos to the first cosmic tourist trip with his Virgin Galactic venture. Branson’s second space foray, Virgin Orbit, strapped rockets under the wing of a jumbo jet to launch satellites on their flight path, complete ...

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UK’s Ocado shoppers buying less under pressure from rising costs

BLOOMBERG Ocado Group Plc said sales rose in the first quarter as new customers signed up to its online grocery business with Marks & Spencer Group Plc amid a rising cost-of-living crisis. Sales rose 3% on the year before and customers rose by nearly 14% during the period. Ocado expects to build on this momentum to return to sales growth ...

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China’s largest carrier plans to boost Airbus, Boeing jet deliveries

BLOOMBERG China Southern Airlines Co Ltd, the country’s largest airline by fleet size, expects to take delivery of more than 200 Boeing Co and Airbus SE single-aisle jets over three years. The Guangzhou-based carrier’s aircraft delivery and disposal plan revealed an addition of 103 Boeing 737 aircraft over the period. The report also showed that 111 Airbus A320 series jets ...

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