London / Bloomberg China’s HNA Group and a consortium led by Ontario Teachers’ Pension Plan Board and Borealis Infrastructure are in the lead to buy London City Airport from its US owners, people familiar with the matter said. The central London airport, owned by Global Infrastructure Partners, could fetch more than 2 billion pounds ($2.8 billion), the people said, asking …

Bloomberg Airbus Group SE announced plans to lift output of the aging A330 jet and predicted higher annual deliveries, indicating its confidence weeks after US rival Boeing Co. shocked investors by flagging a drop in output. The European planemaker said it will restore A330 production to seven a month in 2017, suggesting it has come to terms with a demand …

Bloomberg Target’s heavy discounting during the crucial holiday season squeezed fourth-quarter profits. But its trendy assortments and spiffed up presentations induced shoppers to spend more. The company, based in Minneapolis, also offered an upbeat outlook, sending shares more than 3 percent higher. The results show Target has made solid progress in reinvigorating its business and winning back shoppers. It initiated …