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UK unveils plan to boost aviation industry, passenger rights

Bloomberg Britain set out plans to bolster airlines and airports roiled by the coronavirus pandemic, while emphasizing that growth must be in line with steps to slash carbon emissions and promising a charter for traveller rights. The ten-point strategy revealed by the government lists ambitions including sustainable growth in both passengers and cargo and the addition of airport capacity where ...

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Macy’s lifts profit forecast after strong report in Q1

Bloomberg Macy’s Inc raised its profit forecast as US consumers keep spending despite the highest inflation in four decades. The shares rose in early trading. Earnings excluding some items are now seen in the range of $4.53 to $4.95 this year, up from a prior forecast of $4.13 to $4.52, the department-store chain said as it reported first-quarter results. Analysts ...

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JD Sports plunges as Cowgill steps down

  Bloomberg JD Sports Fashion Plc fell 12% in early London trading after announcing executive chairman Peter Cowgill is stepping down with immediate effect. The move comes just a few months after the British retailer was fined nearly $6.3 million by the country’s antitrust regulator. JD Sports said Helen Ashton, chair of the audit and risk committee, will become interim ...

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