British Airways finance boss to become new chief financial officer at parent company IAG April 15, 2019 British Airways' finance boss Steve Gunning is to take over as the chief finance officer at parent company IAG, replacing the incumbent Enrique Dupuy de Lôme. Willie Walsh's IAG said de Lome would also stand down as the board's executive director when the company holds its AGM in June, where Gunning's appointment will also be put [...]
You can’t blame Brexit for the British car industry’s woes April 15, 2019 Quizzed by Nick Hewer on Honda’s decision to close its Swindon plant earlier this month on BBC radio, I suggested that blaming Brexit for the demise of the Japanese auto makers factory with the loss of 3,500 jobs was not the whole story. Certainly, Brexit plays havoc with the vehicle industry’s sophisticated just-in-time supply chain. [...]
EU member states give green light on US trade talks despite French resistance April 15, 2019 The European Union has voted to kick off trade talks with the US in the face of French resistance, it announced today. Read more: US threatens tariffs on $11bn of EU goods A meeting of member states today voted overwhelmingly to give the European Commission, which deals with trade policy, the green light to start negotiations [...]
Boeing should rebrand 737 Max jet after deadly crashes, tweets Trump April 15, 2019 Boeing should seek to turn around the fortunes of its 737 Max jet by rebranding the model, according to US president Donald Trump. Read more: Boeing to reduce 737 model production in wake of crashes In an early morning tweet from Washington, Trump offered the world’s biggest jet manufacturer a slice of his unique wisdom, [...]
Jet Airways pilots call for Indian PM to intervene as airline grounds all international flights April 15, 2019 Pilots at the troubled airline Jet Airways are protesting outside their company headquarters as the carrier announced it was grounding all international flights. Employees of the Indian carrier, which is straddling a debt pile of more than £900m, gathered outside its headquarters and demanded that the Prime Minister, Narendra Modi, intervene. One pilot told the BBC: [...]
Monsoon Accessorize ‘will close dozens of stores’ across UK in latest setback for high street April 15, 2019 Fashion retailer Monsoon Accessorize is reportedly planning a spate of store closures using a controversial insolvency mechanism, in another blow for Britain’s embattled high streets. Read more: Revealed: All 15 LK Bennett stores set to close in Chinese sale The chain, which trades from nearly 270 stores across the UK, could announce “dozens” of closures [...]
New ‘super fast’ economic indicators suggest UK economy slowdown April 15, 2019 New “super fast” government economic indicators suggested the UK economy lost momentum in March, with more firms reporting a fall in turnover than an increase. Read more: UK stats body to receive £9m for 'super fast' economic indicators Today saw the first release of a range of faster indicators compiled by the Office for National Statistics [...]
Aim-listed Savannah Resources set to take control of Portuguese lithium mine in £12m move April 15, 2019 Aim-listed miner Savannah Resources will today set out plans to take 100 per cent control of its lithium mine in Portugal, in a deal valued at around $12m. The remaining 25 per cent interest in the mine will be bought from minority shareholders including Slipstream Resources, which itself currently holds a 5.1 per cent stake [...]
Best 25 stocks in the last tax year April 15, 2019 | City Talk By Graeme Evans from interactive investor. The FTSE 100 outperformed mid-caps last tax year, but the top FTSE 350 performers might surprise you. Take a look at the financial year ended on the 5th April, with the 25 top performing stocks in the FTSE 350 all producing gains of 40 per cent or more over the [...]
AFME boss Simon Lewis to step down in the autumn after nearly a decade in role April 15, 2019 The boss of the Association for Financial Markets in Europe (AFME) is stepping down in the autumn after nearly a decade in the role. Simon Lewis, chief executive of AFME, which represents European banks, has announced he is leaving the body after deciding not to renew his contract, which comes to an end in October. Lewis [...]