Finmeccanica names new head

Italy’s Finmeccanica promoted company insider Alessandro Pansa to run the defence group as chief executive officer after the arrest of its head for alleged bribery led India to suspend a $750m (£483m) deal to buy helicopters. Finmeccanica said Pansa, the chief operating officer, would step up to ensure management continuity following the arrest on Tuesday of chairman and chief executive Giuseppe Orsi. Orsi denies any wrongdoing.