Bloomberg JCPenney landed in bankruptcy court after foundering during the pandemic, but the reorganised retailer now sports a relatively big liquidity cushion and its sales are growing. The company has more than $1.2 billion of cash and credit availability, interim CEO Stanley Shashoua said. And the 119-year-old company, whose financials are no longer public, has improved sales since it left …

Bloomberg Britain will permit relatively open leisure travel to just 12 nations and territories including Portugal as it seeks to restart tourism while keeping control over the coronavirus pandemic. A legal ban on international leisure trips will be eased from May 17, the Department for Transport confirmed. Return journeys from approved countries will require Covid-19 tests but no period of …

Bloomberg Philippine food maker Monde Nissin Corp is in talks with Singapore state investment fund GIC Pte and Hong Kong insurer AIA Group Ltd to become cornerstone investors in what could be the country’s biggest-ever initial public offering, according to people familiar with the matter. Fidelity International and Capital Group Cos are also in discussions to buy stock in the …