Bloomberg London Heathrow airport said it has begun cutting front-line jobs after a recovery in passenger numbers was delayed by Britain’s introduction this week of a quarantine rule for incoming travellers. Europe’s busiest airport will initially seek voluntary departures after agreeing a severance plan with unions, it said in a statement. The hub has already eliminated 500 management posts. The ...

Bloomberg Khazanah Nasional Bhd, Malaysia’s sovereign wealth fund, is considering providing as much as 5 billion ringgit ($1.2 billion) to the national flag carrier to see it through the coronavirus-induced slump in bookings, according to people familiar with the matter. Malaysia Airlines Bhd would use the fresh capital to resume some operations it has suspended, the people said. If it ...

Bloomberg Ocado Group Plc is raising just over 1 billion pounds ($1.3 billion) through a share placement, retail offer and convertible bonds to fund expansion of online grocery shopping in an era of social distancing. The company said on Thursday it’s getting 657 million pounds via the share placement and retail offer and 350 million pounds through the convertible bond ...