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  Bloomberg Online grocery services provider Ocado Group Plc and Casino Guichard-Perrachon SA in France have created a logistics joint venture to help other retailers in France sell their goods online. In a significant expansion of their existing partnership, the two companies signed a preliminary agreement where the duo will provide logistics services, including project management and operations support in ...

  Bloomberg UK retail sales bounced back in January as the impact of the Omicron variant on consumers ebbed. The volume of goods sold in stores and online added 1.9%, reclaiming some of the 4% plunge in December, the Office for National Statistics (ONS) said. It was the biggest monthly increase since April when non-essential stores reopened. Economists had expected ...

  Bloomberg Hermes International shares fell the most in five years after the French luxury-goods maker reported lower revenue from its key leather-goods division as it failed to keep up with demand for products like $9,000 Birkin bags. The stock dropped as much as 8.4%, having lost more than a quarter of its value since setting a record late last ...

  Bloomberg IndiGo co-founder Rakesh Gangwal resigned from the company’s board and plans to pare his stake over five years, according to a statement by the airline. Earlier this month, Rahul Bhatia, the billionaire co-founder of IndiGo, took on a newly-created executive position of managing director at the company. Gangwal had accused Bhatia of corporate governance lapses. The founders were ...

Bloomberg The wealthy Long Island resort of East Hampton is delaying the planned closing of its airport until May 17 after the Federal Aviation Administration (FAA) warned of flaws in the New York town’s efforts to reduce noise from air traffic. The town’s board had voted last month to shut the airport at the end of February and reopen it ...

Bloomberg The US said Russia has massed as many as 190,000 personnel — including troops, National Guard units and Russian-backed separatists – in and around Ukraine in what it called the most significant military mobilisation since World War II. Russia told the US that it has no plans to attack, and officials in Moscow have repeatedly dismissed US warnings about ...

Bloomberg Russia’s buildup near the Ukrainian border is likely to secure the Kremlin a stronger negotiating position as the possibility remains that tensions are resolved peacefully, Lithuanian President Gitanas Nauseda said. “I still believe in the peaceful solution of this conflict,” Nauseda said in an interview with Bloomberg Television in Brussels. “Yes, there are a lot of rumors — we ...

  Bloomberg One potent force is emerging from the torpid dispute over Northern Ireland between the UK and European Union, and the potential consequences could redraw the map more dramatically than Brexit. Sinn Fein, whose ultimate goal is a united Ireland and the end of British rule, is leading the polls ahead of critical elections to Belfast’s power-sharing assembly on ...

  Bloomberg Spain’s main opposition party descended into chaos as senior officials were accused of mounting an espionage operation against a rising star who poses a threat to the party leader. The fight broke out after local newspapers reported that the People’s Party had hired private detectives to dig up information on the brother of Madrid’s regional president, Isabel Diaz ...

  Bloomberg The first wild polio virus case in 30 years has been confirmed in Malawi, sparking concern that the disease that causes paralysis could spread from the only two countries where it is endemic, Pakistan and Afghanistan. The Malawian case in the capital, Lilongwe, has been tied to a strain of the virus found in an outbreak in Pakistan’s ...