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Sainsbury’s warns of lower profit amid cost-of-living crisis

Bloomberg J Sainsbury Plc said profit will fall this year as normal shopping habits return following the end of lockdowns and as shoppers feel squeezed by the higher cost of living. The supermarket chain forecast underlying profit before tax of 630 million pounds ($788 million) to 690 million pounds in the year through March, citing “significant external pressures and uncertainties.” ...

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Airbus, Italy’s ITA Airways to work on flying taxis

  Bloomberg Airbus SE has agreed on a partnership with Italy’s ITA Airways that will see the two companies work together towards eventual deployment of the planemaker’s CityAirbus NextGen flying taxi in the country. A memorandum of understanding details cooperation in areas including recruitment of local partners, identification of markets and the creation of pilot projects, the companies said in ...

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Air New Zealand plans to move head office to Auckland Airport

Bloomberg Air New Zealand will move its head office to a new campus at Auckland Airport, vacating its central city site to reduce costs and get all staff at a single location. The airline has approved in-principle a project to centralise its Auckland workforce at a refurbished airport campus by 2024, it said. It will also proceed with construction of ...

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