Bloomberg Air New Zealand expects to suffer at least three straight years of losses as the pandemic continues to keep international borders closed and severely restrict long-haul travel. The airline will post a loss before significant items and tax of as much as NZ$450 million ($315 million) for the year ended on June 30 and foresees a “comparable” result in ...

Bloomberg Wm Morrison Supermarkets Plc rejected as undervalued an unsolicited proposal from US buyout firm Clayton Dubilier & Rice LLC that valued the UK grocery chain at about 5.5 billion pounds ($7.6 billion). Morrison received a proposed cash offer at 230 pence a share on June 14 and rejected it three days later after discussions with its adviser Rothschild & ...

Bloomberg Ares Management was sued by a specialist credit fund co-founded by a former Goldman Sachs Group Inc partner over the sale of collateral on a loan to a struggling Norwegian airline. Hudson Structured Capital Management Ltd claims that several Ares funds that held the notes directed that aircraft used as collateral be sold to an Ares affiliate, despite a ...