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United Airlines sees a return to profit on surging summer travel

  Bloomberg United Airlines Holdings Inc jumped after forecasting a profit this year, overcoming a first-quarter loss as consumers increasingly ditch their pandemic-era habits and resume air travel. The carrier’s operating margin in the second quarter will be about 10%, according to a statement. Fuelled by booming leisure sales heading into the summer and “rapidly returning” business travel, the performance ...

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Nestle starts year with strongest price increases in decade

Bloomberg Nestle SA reported a healthy gain in revenue as the world’s largest food company started the year with its strongest first-quarter pricing in more than a decade. Sales rose 7.6% on an organic basis in the first quarter, the company said. Analysts expected 5.1%. The figures exclude Russia, where Nestle has halted some activities. Food and beverage companies have ...

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Amazon targets Shopify with new ‘Buy With Prime’ service

  Bloomberg Amazon.com Inc said it will let merchants sell products they list with the e-commerce giant directly from their own websites, as part of a move to blunt the momentum of fast-growing competitor Shopify Inc. The new “Buy With Prime” feature combines Amazon’s payments and fulfillment services and makes them available at checkout on other websites, letting shoppers use ...

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