Bloomberg Grupo Aeromexico SAB’s shares fell near the lowest price on record as the company takes the final steps to emerge from Chapter 11. The stock plunged 29% to 0.41 pesos as the window closed on a voluntary tender offer that will substantially dilute existing shareholders. The price is expected to reach zero throughout the day. Aeromexico won court ...

  Bloomberg Ocado Group Plc shares approached a two-year low after its online grocery joint venture with Marks & Spencer Group Plc warned that revenue may grow less than expected amid rising energy costs. Ocado Retail, as the venture is called, said it’s starting to cut costs across the business after first-quarter sales dropped 5.7%. Ocado shares fell as much ...

Bloomberg President Joe Biden will speak on Friday with Chinese President Xi Jinping, as the US leader looks to shore up global pressure on Russia to halt its war in Ukraine. “This is part of our ongoing efforts to maintain open lines of communication,” White House Press Secretary Jen Psaki said in a statement. “The two leaders will discuss managing ...