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Kraft Heinz plunges after weak results boost deal pressure

Kraft heinz plunges after weak results boost deal pressure copy

Bloomberg Kraft Heinz Co. suffered its worst stock decline in more than two years after posting disappointing sales and profit, boosting speculation that the food giant will need a large acquisition to fuel growth. The shares tumbled as much as 7 percent in the wake of the results, which reflected a persistent slump in the US packaged-food industry. Though Kraft ...

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Air France-KLM plans capacity splurge as discount rivals circle

An air france plane rolls behind a klm royal dutch airliner at amsterdam schiphol airport, tuesday, sept. 30, 2003. the two airlines announced tuesday a landmark partnership to create europe's largest airline group, in a deal they say will define the /sip

Bloomberg Air France-KLM Group said it will accelerate capacity increases despite an uncertain economic climate in order to defend its share of an air-travel market that’s becoming flooded with discount rivals. The Paris-based carrier will boost seating by up to 4 percent this year in a bid to combat the low-cost challenge, even as fuel expenses jump by a forecast ...

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Airbus jumps to decade-high after pledge to fix planes

Bloomberg Airbus SE promised 20 percent earnings growth this year — pushing the stock up the most since 2008 — so long as it can iron out persistent manufacturing problems on two key aircraft programs. The European planemaker ended 2017 with a record order backlog and delivered more jets than ever before. The shares advanced as much as 10 percent ...

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