Stock-pickers are used to the concept of “value traps.” Many a stock that looks cheap turns out to be cheap for good reason. Fewer column inches have been devoted to “growth traps” — companies whose growth entices you in, only to disappoint. But that is changing in the month of May. The month has seen the US stock market ...

  Before the House of Commons debate over Sue Gray’s long-awaited Partygate report was even close to being concluded, the Tory benches in Parliament had half-emptied out — like at a one-sided football match. But that doesn’t mean Partygate is over for Boris Johnson or his MPs. Two things ensure that Partygate sticks to Johnson like a red-wine stain. The ...

Bloomberg Qantas Airways Ltd’s pilots union has warned of looming risks to flight safety — from crew fatigue to looser landing rules in Australia — as a travel rebound stretches an industry still fragile from the pandemic. With domestic travel restrictions eased, passenger demand in Australia exceeds 2019 levels and Qantas and smaller rival Virgin Australia are ordering new planes ...

  Hanoi / WAM All airline members of Vietnam Airlines Group, Vietnam Airlines, Pacific Airlines and VASO, will offer more than 7.1 million seats on both domestic and international routes during the peak summer travel season. According to Vietnam News Agency (VNA), it is estimated that a total of over 36,000 flights will be made available for summer travellers from ...

  Bloomberg IndiGo, India’s biggest airline, slipped back into a loss in its latest quarter as the omicron-led virus wave in the country curbed air travel. Fuel-related expenses also rose sharply. The carrier, operated by InterGlobe Aviation Ltd, posted a loss of 16.8 billion rupees ($216.7 million) in the three months through March, according to an exchange filing. The average ...

Bloomberg Britain set out plans to bolster airlines and airports roiled by the coronavirus pandemic, while emphasizing that growth must be in line with steps to slash carbon emissions and promising a charter for traveller rights. The ten-point strategy revealed by the government lists ambitions including sustainable growth in both passengers and cargo and the addition of airport capacity where ...

Bloomberg Macy’s Inc raised its profit forecast as US consumers keep spending despite the highest inflation in four decades. The shares rose in early trading. Earnings excluding some items are now seen in the range of $4.53 to $4.95 this year, up from a prior forecast of $4.13 to $4.52, the department-store chain said as it reported first-quarter results. Analysts ...

  Bloomberg JD Sports Fashion Plc fell 12% in early London trading after announcing executive chairman Peter Cowgill is stepping down with immediate effect. The move comes just a few months after the British retailer was fined nearly $6.3 million by the country’s antitrust regulator. JD Sports said Helen Ashton, chair of the audit and risk committee, will become interim ...

Bloomberg German Chancellor Olaf Scholz called for more countries to join international efforts to isolate Russia, saying President Vladimir Putin must not be allowed a victory in Ukraine that could embolden other warmongers. Scholz’s plea came as the European Union struggles to maintain a united front in talks over further sanctions against Moscow, and many emerging powers in Asia, Africa ...

Bloomberg The US ambassador to the Organization for Security and Co-operation in Europe (OSCE) warned Russia could use any Ukraine territory it holds onto as a “springboard” to capture more terrain. Germany’s chancellor said Russia wants to “bomb us back to a time when war was a common political tool.” Nato Secretary General Jens Stoltenberg told allies the war “may ...