Bloomberg Marks & Spencer Group Plc investors are increasingly pessimistic about the UK retailer after it announced a joint venture with tech startup Ocado Group Plc to deliver grocery orders in the UK and boost its food business. M&S shares have fallen 34 percent since the company said that it will finance the deal with a rights offer and dividend ...

Bloomberg Heathrow management made an eleventh-hour offer to a union representing thousands of ground staff, leading to the suspension of a planned strike on Tuesday which would have disrupted flights at Europe’s busiest airport. The Unite labour group will take the improved offer to members for a vote and hold off on plans for a walkout, according to a statement ...

Bloomberg Tesco plans to cut 4,500 jobs as the supermarket operator slims down hundreds of stores and adds to the mounting toll on employment in UK shopping districts. Britain’s biggest retailer said it will streamline operations at its 153 medium-size Metro stores in city centers, while reducing opening hours at 134 Express convenience stores. The moves announced come on top ...