Bloomberg Food-delivery startup Deliveroo Holdings Plc is likely to price shares in its initial public offering at 390 pence each, the bottom of the range at which they were marketed, as reluctant investors and nervous markets weigh on London’s biggest listing this year. The sale will raise 1.5 billion pounds ($2.1 billion) at that price, assuming the company and its …

Bloomberg American Airlines Group Inc expects to put most of its fleet back in service in the second quarter following “recent strength in domestic and short-haul international bookings” that hint at a gathering travel rebound. Falling infections and hospitalisations and rising vaccinations have spurred demand after a blow early this year when the US required negative coronavirus tests for international …

Bloomberg Hugo Boss AG came under fire from Chinese celebrities over its stance on human rights in China, ensnaring the company in a growing boycott of western firms who won’t use cotton produced in the region of Xinjiang over concerns it’s made with forced labour by Muslim-minority Uyghurs. Li Yifeng, an actor and singer who has more than 60 million …

Bloomberg Some 18 months after its chicken sandwich went viral, fast-food chain Popeyes is on a mission to take over the world. It may not work, of course. Its parent, Restaurant Brands International Inc., has a spotty overseas record, at best. But the ambition alone underscores just how startling a transformation the once-sleepy brand has undergone since the summer of …

Bloomberg Wall Street banks grappling with the implosion of Bill Hwang’s investment firm spent time briefing US regulators as Washington starts to dig into one of the biggest fund blowups in years. The Securities and Exchange Commission (SEC) summoned the banks for hasty meetings on what triggered the forced sale of more than $20 billion of stocks linked to Hwang’s …

Bloomberg Mitsubishi UFJ Financial Group Inc. joined a growing list of global financial firms as it warned of a potential loss tied to a US client. MUFG’s securities arm is evaluating the extent of the loss and currently estimates it at about $300 million, it said in a statement on Tuesday, without naming the client. Japan’s biggest bank said an …

Bloomberg Stocks valued at $2.64 billion changed hands in a flurry of block trades as tumult from the wind-down of Bill Hwang’s Archegos Capital Management extended into a new week. Five block trades valued at a combined $2.14 billion were executed by Wells Fargo & Co., according to a person familiar with the matter. The bank solicited interest from investors …

Bloomberg Poland’s financial regulator wants offer incentives to banks that decide to start settlements with borrowers in the latest attempt to resolve the country’s $32 billion foreign-currency mortgage debacle. The plan would allow banks to tie up less capital against Swiss franc loans once they decide to start deals with borrowers, according to a proposal by the industry regulator floated …

Bloomberg Commerzbank AG expects to post a loss this year as new Chief Executive Officer Manfred Knof ditches a failed growth strategy in favour of deep cost cuts. While the German lender seeks to achieve an operating profit, 900 million euros ($1.1 billion) in costs for its turnaround plan and loan loss provisions between 800 million euros and 1.2 billion …

Bloomberg The UK government sold part of its stake in NatWest Group Plc for 1.13 billion pounds ($1.6 billion), reducing its holding for the first time in almost three years. The Treasury sold 590.7 million shares to the bank at the closing price of 190.50 pence, according to a statement. Its holding will be reduced to 6.9 billion shares, representing …