Bloomberg Rolls-Royce Holdings Plc surged the most in more than two years after new Chief Executive Officer Tufan Erginbilgic embarked on a strategic review, saying the UK engineering firm has underperformed financially for years. The stock jumped as much as 20%, the most since November 2020. Rolls-Royce also reported earnings that beat estimates, with adjusted operating income coming in ...

  Bloomberg London’s Heathrow Airport is seeking higher passenger charges to meet rising costs and let it expand services as airlines ramp up operations in the post-pandemic era, Chief Executive Officer John Holland-Kaye said. Passengers flying through the UK’s busiest airport tripled to 62 million in 2022 as countries lifted restrictions, the company said while reporting results. Losses narrowed to ...

  Bloomberg FedEx Corp pilots are inching closer to a potential strike as negotiations stall on a new labour agreement. Leaders of the FedEx Express pilots union approved a strike authorisation vote, according to a statement from the Air Line Pilots Association. A date for the vote wasn’t specified. The union said no new talks have been scheduled between the ...