Bloomberg Ocado Group Plc raised £575 million ($705 million) to fuel expansion even as the surge in online food shopping during the pandemic recedes with soaring inflation thinning consumer wallets. Shares in the British e-commerce group fell as much as 6.1% in early trading, after Ocado sold 72.3 million shares in an accelerated placing, in an emailed statement. Stock ...

  Bloomberg Ryanair Holdings Plc’s British-based pilots accepted a new pay deal with the airline, avoiding any potential strike and giving the carrier some relief amid a wave of action from staff across Europe. Ryanair members of the British Airline Pilots’ Association voted to accept a revised pay offer from the airline, a union spokesperson said. BALPA had been in ...

Bloomberg The secretary of Russia’s Security Council threatened retaliation in a growing standoff with the European Union after Lithuania blocked the transit of sanctioned goods to the Baltic exclave of Kaliningrad. Russia “will certainly respond to such hostile actions” and appropriate measures will be taken soon, Nikolai Patrushev, a close ally of President Vladimir Putin, said Tuesday in comments from ...