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S Africa’s Woolworths prepares for inflation risk after upping dividend

Bloomberg Woolworths Holdings Ltd. is preparing to battle the impact of soaring inflation in both its key markets, after increased sales and a growing cash pile allowed the South African retailer to raise the annual dividend higher than expected. While a jump in prices is a global risk, Woolworths said the company’s Australian department-store business “should be somewhat mitigated by ...

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Private jets to Ibiza, Paris surge as rich evade travel chaos

Bloomberg As Europe grapples with a summer of travel chaos, the wealthiest are increasingly taking matters into their own hands. Private-jet use has surged by almost a third in recent months compared to pre-pandemic levels, stretching airport capacity from Ibiza to Mykonos and stoking a political backlash in France. London logged the most private flights — more than 12,000 in ...

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Chewy stock sinks on cut to sales outlook

  Bloomberg Chewy Inc tumbled after the online seller of pet supplies cut its revenue outlook and said customer growth has slowed. Sales in the current fiscal year will total no more than $10 billion as customer pull back on discretionary goods such as toys and treats, Chewy said in a letter to shareholders. That’s down from a previous forecast ...

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