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Tesco asks Thai tycoons for next-round bids for Asia unit

Bloomberg Britain’s largest supermarket chain Tesco Plc is inviting Thai tycoons to the second round of bidding for its operations in Thailand and Malaysia that could fetch more than $7 billion, according to people with knowledge of the matter. Thai billionaire Dhanin Chearavanont’s Charoen Pokphand Group and Central Group, controlled by the Chirathivat family, were picked to proceed with deadline ...

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UK winds propel fastest flight from New York

Bloomberg Wind filled the highest ever portion of Britain’s electricity needs as Storm Ciara moved across the country, disrupting power supplies, interrupting transport and forcing soccer matches to be postponed. High winds also helped shorten the flying time from North America to Europe. British Airways flight 112 became the fastest ever subsonic passenger flight from New York to London, at ...

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Coach owner Tapestry sales top estimates

Bloomberg Tapestry Inc rose after posting strong sales at its Coach brand while the struggling Kate Spade unit’s results weren’t as bad as expected. Still, the company said its full-year forecast will be negatively impacted by the coronavirus. Coach same-store sales grew 2% worldwide in the second quarter, topping the 1% average of analysts’ estimates, according to Consensus Metrix. Kate ...

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