Bloomberg Cebu Air Inc, the Philippines’ largest carrier, will fully restore its pre-pandemic domestic capacity next month as virus restrictions ease, Chief Executive Officer Lance Gokongwei said. “The travel and tourism sector is well on its way to recovery,” Gokongwei said in a company event in Cebu province, citing increased bookings. Flights from Manila to key local destinations like ...

  Bloomberg Ted Baker Plc’s board rejected two bids from private equity fund Sycamore Partners Management LP, the most recent one for about 254 million pounds ($334 million). Sycamore offered 130 pence a share and raised that to 137.5 pence a share, Ted Baker said. The second bid was 9% higher than the closing price. The shares fell as much ...

Bloomberg The UK allocated a record 685 million pounds ($898 million) of funding over the next three years for the development of aerospace technology, as the industry gears up to make the transition to renewable fuel. The Aerospace Technology Institute will receive an increase of more than 50% on its previous award, the government said in a statement. The group ...