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Coronavirus may keep Europeans’ travel plans closer to home: Ryanair

Bloomberg Ryanair Holdings Plc said demand for air travel within Europe could receive an unlikely boost if the Chinese coronavirus epidemic persists, prompting people to holiday closer to home. Trends from 2003, when travellers shunned Asia after the Severe Acute Respiratory Syndrome (Sars) outbreak, suggest consumers may begin to alter their travel habits, Ryanair Chief Financial Officer Neil Sorahan said. ...

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Levi’s profitability rises on higher prices

Bloomberg Levi Strauss & Co’s profitability rose in its latest quarter, with the jeans maker citing higher prices and fewer sales to off-price retailers. The company also reported continuing weakness in its US wholesale business, however. The shares alternated between losses and gains in late trading. Gross margin, a key gauge of profitability, rose 1.1 percentage point from a year ...

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British mall owner signals further drop in asset values

Bloomberg Intu Properties Plc has written down the value of one of the UK’s largest malls, offering a glimpse at its parlous finances ahead of a planned equity raise. The company notified holders of 485 million pounds ($631 million) of bonds secured against Intu Metrocentre, a large mall in northeast England, that the debt secured against the property now accounts ...

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