Paris / AFP Jean-Marc Janaillac, head of French transport group Transdev, is likely to be nominated to head Air France-KLM on Tuesday following the surprise resignation of CEO Alexander de Juniac, French economic newspaper La Tribune reported. “According to our information, the group’s nomination committee which met on Friday decided to propose Tuesday to the Air France-KLM board the …

  Frankfurt / AFP German sportswear and equipment maker Puma said business increased in the first quarter and that it is expecting a boost from major sporting events such as Euro 2016 and the Brazil Olympics. Like its arch-rival Adidas, which earlier this week lifted its forecasts on the back of a strong first quarter, Puma said it got off …

  London / AFP Britain’s state-rescued Royal Bank of Scotland (RBS) said net losses more than doubled in the first quarter owing to an exceptional payment back to the government. Losses after tax in the first three months of the year stood at £968 million ($1.4 billion, 1.2 billion euros), which compared with a net loss of £459 million in …