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Ashley’s son-in-law posts record profits as Sports Direct owner

  Bloomberg Shares in Frasers Group Plc leaped after the owner of Sports Direct and House of Fraser reported bumper profits and said it expects to grow further this year in the first financial results since Michael Murray took over as chief executive. Frasers forecast profit of at least £450 million ($538 million) in the financial year to April, building ...

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American cancelled 1,175 flights to ease disruptions

  Bloomberg American Airlines Group Inc notified flight crews that it has cancelled 1,175 flights in July and August as part of efforts to build more “buffer” into its schedule and reduce disruptions that have plagued the industry this summer. The cuts come after the carrier detailed plans to trim flight capacity as much as 10% this quarter and 9.5% ...

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Lululemon staff petition to unionise in Washington

Bloomberg Lululemon Athletica Inc workers are petitioning to unionise, extending a wave of organising at previously union-free US retail firms. Employees at one of the athletic-wear company’s Washington stores filed for a unionisation election with the National Labor Relations Board. The proposed bargaining unit would cover 33 employees, according to the filing from the workers’ new labour organisation, which calls ...

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