BLOOMBERG FastJet Plc will start closing routes after burning through cash in its efforts to become the first pan-African discount airline, predicting 2016 earnings will fall “materially” below analyst estimates. The share price almost halved in the biggest decline since the company was founded in 2012. The impact of challenging market conditions and currency fluctuations has proved “a lot more ...

Bloomberg Thai Union Group Pcl, producer of “Chicken of the Sea” canned tuna and other seafood products, is planning at least two overseas acquisitions this year to boost revenue by about $500 million, following a failed bid for the rival Bumble Bee Foods LLC last year. The Samutsakorn-based company is considering purchases of seafood producers in Europe and developing countries ...

Bloomberg Lindt & Spruengli AG is challenging Godiva as the Swiss company set a goal of becoming the world’s largest premium chocolate retailer by 2020, bolstering its direct sales to consumers. Lindt plans to open 20 to 30 shops each year, the Kilchberg, Switzerland-based maker of Lindor balls said in a statement on Tuesday as it reported full-year profit growth ...