Bloomberg Marks & Spencer Group Plc fell the most in two and a half years after the retailer said it will finance a nearly $1 billion investment in online retailer Ocado Group Plc with new shares and cut its dividend. M&S plans to offer as much as 600 million pounds ($797 million) in new stock to help pay 750 million …

Bloomberg Cathay Pacific Airways Ltd., Asia’s biggest international carrier, is studying a bid for stakes in two smaller Hong Kong airlines backed by embattled Chinese conglomerate HNA Group Co., people with knowledge of the matter said. Cathay Pacific has held preliminary talks with HNA about acquiring minority stakes in Hong Kong Express Airways Ltd. and Hong Kong Airlines Ltd., according …

Bloomberg Kenya may consider taking full ownership of its national carrier to effectively ward off competition from other state-owned airlines on the continent and from the Gulf, according to Transport Principal Secretary Esther Koimett. The East African state owns 48.9 percent of Kenya Airways Plc after it converted debt into equity in 2017. The agreement diluted major shareholder Air France-KLM’s …