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Amazon rival Snapdeal reveals sales bounce before India IPO

  Bloomberg Snapdeal Ltd, the Indian e-commerce startup backed by SoftBank Group Corp, filed preliminary documents for an initial public offering, adding to the rush of tech companies looking to debut on the country’s exchanges amid a record-breaking stock market rally. The New Delhi-headquartered company plans to raise 12.5 billion rupees ($165 million) through the sale of new shares, according ...

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Airbus sees supply squeeze on its most popular single-aisle jets

  Bloomberg Airlines ordering single-aisle jets from Airbus SE may have to wait as long as 2025 for deliveries due to supply constraints, the FT reported. Current delivery slots for larger orders are “by and large” around 2024 to 2025, Christian Scherer, the company’s chief commercial officer, said. “There is a supply constraint for the most desirable assets out there,” ...

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European travel stocks extend 2021 losses on restrictions worry

  Bloomberg Europe’s travel and leisure stocks took a fresh beating amid concern about a tightening of pandemic restrictions over the key Christmas period to stem the spread of the omicron Covid-19 variant. The Stoxx Travel and Leisure index fell as much as 3.4% in early trading, the most since worries about the new strain emerged last month, with airlines ...

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