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JPMorgan wins shareholder nod for executive pay plan

Bloomberg JPMorgan Chase & Co. won shareholder approval for its executive pay plan even after an advisory firm criticised the firm’s policy as too subjective and opaque. A resolution to approve compensation for five named executive officers received backing from 72 percent of voters, according to a preliminary tally at JPMorgan’s annual shareholders meeting in Chicago. It was the lowest ...

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Airbus extends ex-C Series range to challenge Boeing

Bloomberg Airbus SE will enhance the capabilities of the A220 single-aisle jet it acquired last year from Bombardier Inc in a bid to challenge Boeing Co by opening up potential new routes. Airbus will boost the range of the former C Series plane by about 450 nautical miles, sales chief Christian Scherer said in a briefing at the European planemaker’s ...

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Marks & Spencer to open big food stores, take on supermakets

Bloomberg Marks & Spencer Group Plc plans to open more large food stores, shifting away from a strategy of expanding smaller convenience outlets as it prepares for an alliance with online grocer Ocado Group Plc. The prospect of another costly store revamp as profit falls weighed on the UK retailer’s shares, which declined as much as 5.4 percent on Wednesday. ...

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