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  Bloomberg UK airport ground-handling specialist John Menzies Plc accepted a $750 million takeover bid from Kuwaiti suitor Agility Public Warehousing Co that had been sweetened for a third time. The Menzies board backed the offer of 608 pence a share in cash after Agility subsidiary GIL International issued a formal proposal, the companies said. The bidding had started with …

  Bloomberg Lululemon Athletica Inc delivered a sales forecast for this year that exceeded analyst estimates, suggesting that the company is overcoming supply-chain snags that disrupted operations earlier this year. The athletic-wear retailer expects sales to reach as much as $7.62 billion in the current fiscal year that ends next January. The average analyst estimate was $7.2 billion. The company’s …

  Bloomberg Stocks fall and energy prices rose as skepticism about Russia’s promise to de-escalate the war in Ukraine renewed concerns about higher raw material prices and commodity disruption. Europe’s Stoxx 600 snapped a three-day winning streak after surging to the highest level in five weeks. US futures slipped amid warnings that gains of the past two weeks have the …

Bloomberg Apple Inc extended gains, in a winning-streak last seen nearly two decades ago, as improved risk sentiment is sending investors back to the largest US technology companies. Apple rises for an 11th-consecutive day in New York, climbing 1.9% to close at $178.96 and roughly $3 shy of a closing record reached in early January. The longest-winning streak since 2003 …

  Bloomberg Southwest Gas Holdings Inc priced shares at $74 apiece in a stock sale to fund its $2 billion acquisition of a pipeline company that activist investor Carl Icahn tried to block. The price is below an offer made by Icahn, who has been rebuffed in efforts to take over the utility owner. Southwest Gas will raise about $392.5 …

  Bloomberg German energy giant E.ON and Australia’s Fortescue Future Industries plan to supply green hydrogen to Europe as the continent seeks to cut its dependency on Russian energy. The companies will work together to supply 5 million metric tons of green hydrogen a year by 2030, they said in an emailed statement, after signing a memorandum of understanding in …

  Bloomberg Cathay Pacific Airways Ltd plans to reroute its New York-Hong Kong service to avoid Russian airspace, in what would be the world’s longest commercial passenger flight by distance. The airline plans to fly from John F Kennedy International Airport over the Atlantic Ocean, the UK, southern Europe and central Asia, according to a memo to Cathay flight staff …

  Bloomberg India is banking on sustainable fuel-powered airlines and increased digitisation in airports to clean up aviation as the nation prepares for a net carbon zero future by 2070. India will have 96 airports that will be carbon neutral and run on renewable energy by 2024, Civil Aviation Minister Jyotiraditya Scindia said at an event, adding all future airports …

  Bloomberg Cebu Air Inc, the Philippines’ largest carrier, will fully restore its pre-pandemic domestic capacity next month as virus restrictions ease, Chief Executive Officer Lance Gokongwei said. “The travel and tourism sector is well on its way to recovery,” Gokongwei said in a company event in Cebu province, citing increased bookings. Flights from Manila to key local destinations like …

  Bloomberg Ted Baker Plc’s board rejected two bids from private equity fund Sycamore Partners Management LP, the most recent one for about 254 million pounds ($334 million). Sycamore offered 130 pence a share and raised that to 137.5 pence a share, Ted Baker said. The second bid was 9% higher than the closing price. The shares fell as much …