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EBay gives outlook suggesting sales comeback to take longer

  Bloomberg EBay Inc projected revenue in the current quarter that didn’t convince investors the company’s efforts to revive sales are beginning to work. The shares declined in premarket trading. Revenue will be $2.46 billion to $2.5 billion in the period ending in March, or about the same as a year earlier. In the fourth quarter, sales fell 3.9% to ...

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Rolls-Royce surges after new CEO vows higher returns in overhaul

  Bloomberg Rolls-Royce Holdings Plc surged the most in more than two years after new Chief Executive Officer Tufan Erginbilgic embarked on a strategic review, saying the UK engineering firm has underperformed financially for years. The stock jumped as much as 20%, the most since November 2020. Rolls-Royce also reported earnings that beat estimates, with adjusted operating income coming in ...

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Heathrow seeks high traveller charges amid surge in air travel

  Bloomberg London’s Heathrow Airport is seeking higher passenger charges to meet rising costs and let it expand services as airlines ramp up operations in the post-pandemic era, Chief Executive Officer John Holland-Kaye said. Passengers flying through the UK’s busiest airport tripled to 62 million in 2022 as countries lifted restrictions, the company said while reporting results. Losses narrowed to ...

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