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M&S falls as food stores knocked by inflation, margins hit

  Bloomberg Britain’s surging inflation is squeezing profit margins at Marks & Spencer Group Plc’s (M&S) food division as the premium supermarket chain absorbs some cost increases to maintain sales. The business, which has been the company’s growth driver in recent years, was faced with 11% inflation in its cost of goods in the first half, while its online joint ...

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Skymark Airlines to buy Boeing Max jets

  Bloomberg Skymark Airlines Inc plans to modernise its fleet by adding as many as 12 Boeing Co. 737 Max jets, while the once-bankrupt discount carrier will also list on the Tokyo Stock Exchange next month. The airline intends to order four Max aircraft and lease six more, it said in a joint statement with Boeing. It will also have ...

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Ukraine troops enter Kherson in major setback for Putin’s forces

Bloomberg Ukrainian troops entered the southern city of Kherson after Russian forces abandoned the regional capital and fled across a major waterway, a significant setback for Moscow as the two sides dig in for winter. Ukrainian military intelligence confirmed that the country’s troops were entering Kherson, which had been occupied by Russian troops since the first weeks of the war. ...

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