BLOOMBERG Barclays Plc cut the bonus pool for its investment bank by about 10 percent to 12 percent, according to people with knowledge of the matter. Individual employee variable pay for 2015 would have dropped more if the London-based bank wasn’t cutting 1,200 jobs worldwide and closing operations across Asia, said the people, who asked not to be identified because ...

Wellington / Bloomberg Air New Zealand more than doubled first-half profit and said it expects full-year earnings to surge at least 70 percent as lower fuel prices and growing passenger numbers boost revenue. Net income jumped 154 percent to NZ$338 million ($225 million) in the six months to December 31, the Auckland-based airline said Thursday. Pretax earnings climbed to NZ$457 ...

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 ...