Bloomberg Ocado Group Plc shares fell as the online grocer struggles with a dip in post-pandemic e-commerce spending and consumers return to brick-and-mortar stores. Ocado said on Tuesday that it expects earnings from its joint venture with Marks & Spencer Group (M&S) to fall in the first half of fiscal 2023 as customers reduce their purchase sizes. Revenue growth was flat ...

  Bloomberg EasyJet Plc expects the recovery in air travel to continue through 2023 despite consumers feeling the pinch from inflation, the latest sign of airline optimism following a stronger-than-expected Christmas travel season. The budget carrier is “cautiously optimistic” for this year despite consumers in its biggest markets enduring the highest inflation rates for decades. While the company hasn’t released ...

  Bloomberg FedEx Corp. plans to scale back even more on Sunday package deliveries as the courier grapples with faltering e-commerce demand. The pullback will reduce the availability of Sunday service to “more than 50%” of the US population, according to an internal memo. FedEx had announced in July that it would slash coverage on that day to roughly 80% ...