Bloomberg Swedish fashion retailer Hennes & Mauritz AB said it’s increasing markdowns this quarter after accumulating a record pile of unsold garments worth more than $4 billion. Operating profit fell 62 percent to the lowest level in 16 years as inventory rose to 17.6 percent of sales in the first quarter. The stock slumped to the lowest in almost a ...

Bloomberg Airlines are coming under UK government pressure to disclose more information about the hundreds of pounds worth of extra fees that travellers can rack up after they book flights. The UK’s Department for Transport intends to release an aviation policy on the charges, which can cover changing a passenger’s name or reissuing boarding cards, Aviation Minister Elizabeth Sugg said ...

Bloomberg Boeing Co. is heading for its biggest monthly decline in two years as US-China tensions over tariffs threaten a wider trade war that would stifle demand for its airliners. President Donald Trump’s plan for sweeping duties against China triggered retaliation by the Asian nation, heightening uncertainty for Boeing, which is poised to generate a torrent of cash from a ...