Bloomberg Deutsche Lufthansa AG is expecting long-haul travel to finally pick up this year alongside loosening Covid-19 restrictions and vaccine take up, giving some cause for optimism after a second-quarter loss of 952 million euros ($1.13 billion). North America could open up from late summer with Asia following from the end of the year, the company said in a statement. …

Bloomberg PepsiCo Inc is to sell Tropicana, Naked and other juice brands to French private equity firm PAI Partners for about $3.3 billion as it seeks to bolster its balance sheet and focus on healthier snacks and zero-calorie drinks. The US drinks giant will retain a 39% noncontrolling interest in a new holding company for the brands and has also …

Bloomberg Odey Asset Management has sold its stakes in Ryanair Holdings Plc and British Airways’s (BA) owner International Consolidated Airlines Group, the Daily Mail reported, as the UK airline industry prepares for further job cuts. Fund manager James Hanbury sold his IAG holding after shares rebounded, the paper said. IAG rose 8.5% this year while Ryanair added 3.4%, both outperforming …