August, 2022

• 13 August

  GSK’s got heartburn that £50b could probably fix

    Investors are waking up to the risk of litigation against the makers of Zantac, once a blockbuster treatment for heartburn. All of a sudden, GSK Plc’s decision to spin off rather than sell its consumer-healthcare business, Haleon Plc, is looking costly. Haleon, which is behind brands like Sensodyne toothpaste and Panadol painkillers, was a joint venture between GSK, the ...

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• 13 August

  Don’t buy stock rally? The smart money does

    Just like old times. That’s what it must seem like with the S&P 500 Index up about 15% since mid-June and poised for its fourth consecutive weekly gain, its longest winning streak of the year. Those who question the durability of this rally, given the slowdown in the economy and a Federal Reserve that has doubled down on its ...

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• 13 August

  Flight searches out of HK jump 290% with Bangkok top pick

  

    Bloomberg Online searches for flights out of Hong Kong surged by 290% in the 24 hours after the government announced shorter hotel quarantine requirements, according to travel company Expedia Group Inc. The top-trending destination was Thailand’s capital Bangkok, followed by Osaka in Japan, with flight searches jumping tenfold for both from the previous seven-day average, Expedia said. Travel within ...

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• 13 August

  Boeing resumes 787 deliveries for American

  

    Bloomberg Boeing Co’s shares climbed after American Airlines Group Inc took delivery of the first 787 Dreamliner since US regulators approved the planemaker’s plan to address tiny structural flaws in its carbon-fiber jetliner. American signed the paperwork for the Dreamliner, marking the resumption of handovers of the jets, an important source of cash for Boeing. The carrier, which had ...

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• 13 August

  Tyson shares slump most in two years as inflation hits meat sales

  

    Bloomberg Tyson Foods Inc, the biggest US meat company, is getting hit by inflation with soaring costs and a tight labour market squeezing sales of chicken and other meat. The owner of Hillshire Farm and Ball Park hot dogs posted adjusted earnings of $1.94 a share for its third quarter, narrowly missing the $1.98 average estimate of analysts surveyed ...

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• 13 August

  Retailers urge UK police to prioritise shoplifting as costs rise

  

    Bloomberg Retailers including Tesco Plc and J Sainsbury Plc are calling on British police to focus on retail crime as the cost of living weighs heavily on shoppers and leads to theft. More than 100 retailers have written a joint letter to Police and Crime Commissioners in England and Wales expressing concerns about rising levels of anti-social behaviour towards ...

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• 13 August

  Alibaba helps Korean grocer take K-Food to Singapore

    Bloomberg Market Kurly became South Korea’s first billion-dollar online grocery app by delivering fresh produce to customers’ doorsteps by dawn the next day. Now it’s expanding to Singapore by offering products on Alibaba Group Holding Ltd’s RedMart. Singaporeans were expected to buy Market Kurly’s ready-to-cook and ready-to-eat meals via the app, owned by Alibaba unit Lazada. They include frozen ...

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• 13 August

  Heathrow CEO defends flight cap

    Bloomberg London Heathrow airport Chief Executive Officer John Holland-Kaye defended a flight cap that’s truncated airline schedules and upset travel plans for thousands of Britons, saying the move has greatly reduced delays. The limit of 100,000 daily departing passengers has delivered improvements to the customer experience, with fewer last-minute cancellations and better aircraft punctuality and baggage delivery, Holland-Kaye said. ...

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• 13 August

  Russia stalls on UN access to shelled Ukraine nuclear plant

  

    Bloomberg Russia defied growing international pressure to grant United Nations inspectors immediate access to Europe’s largest nuclear plant amid fears of a catastrophe over shelling of the area in Ukraine occupied by Kremlin forces. The UN’s International Atomic Energy Agency has warned of a “real” risk of nuclear disaster at the Zaporizhzhia plant in southeastern Ukraine because of repeated ...

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• 13 August

  Trump calls for release of warrant documents used in home search

  

  Bloomberg Former President Donald Trump said he supported the release of documents related to the FBI’s search of his Mar-a-Lago home earlier this week, including a copy of the search warrant and a receipt of items that agents took from the property. Trump made the announcement late Thursday on his social media site, Truth Social, following a Justice Department request ...

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