TUI says exceptional holiday bookings helps to offset 737 MAX woes
European travel company TUI said an exceptional number of holiday bookings would help offset the impact of the Boeing 737 MAX grounding on its annual...
FAA says approaching 737 MAX test flight, awaits Boeing proposals
The U.S. Federal Aviation Administration is narrowing the issues needed before it can conduct a certification test flight on the grounded Boeing 737 MAX, but...
IKEA brand owner appoints Jon Abrahamsson Ring new CEO
Inter IKEA Group, owner of the IKEA furniture brand, appointed on Tuesday Jon Abrahamsson Ring as new Chief Executive from Sept. 1....
Lloyd’s of London sets up independent group to improve culture
Lloyd’s of London said on Tuesday that former Virgin Money boss Jayne-Anne Gadhia would be part of a committee to “drive long-term culture change” in...
Firm backed by Italy’s Gruppo San Donato could make offer for NMC
GKSD Investment Holding confirmed on Tuesday that it could make an offer to buy NMC Health , a day after the London-listed healthcare group revealed...
Metro CEO expects less than 30 Real stores to be closed – letter
German wholesaler Metro on Tuesday said it expects the future owners of its struggling Real hypermarkets unit to close less than 30 of the division’s...
Michelin shares fall after tire maker sees lower 2020 operating income
Shares in French tire maker Michelin fell on Tuesday after the company forecast a slightly lower operating income for 2020 and flagged uncertainty to its...
Bankers in Asia brace for a virus-related deal drought
Bankers in Asia are bracing for a deal drought as efforts to limit the spread of the coronavirus epidemic have put key meetings and roadshows...
Daimler slashes its dividend following third profit warning
Daimler cut its dividend on Tuesday to 0.90 euros ($0.98) a share after 2019 earnings more than halved, weighed down by restructuring and legal charges...
JD Sports/Footasylum deal may leave shoppers worse off: Britain’s watchdog
Britain’s competition watchdog said on Tuesday a takeover of sports retailer Footasylum by larger rival JD Sports could leave shoppers worse off, and a sale...