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Turkish Airlines ousts CFO amid purge of alleged coup plotters

  Bloomberg Turkish Airlines fired its chief financial officer Monday amid a wider purge of staff said by the carrier to have links to the exiled cleric alleged to have been behind this month’s botched coup attempt in Turkey. CFO Coskun Kilic will be replaced by Murat Seker, head of investor relations and financial institutions at state-owned TC Ziraat Bankasi ...

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Italy’s Enav rises 12pc after first post-Brexit IPO

  Bloomberg Italy’s state-run air traffic controller Enav SpA climbed as much as 12 percent in its Milan trading debut after the first large, European listing since Brexit. Enav’s government owners had priced shares in an initial public offering at 3.3 euros apiece, near the top end of an offered price range, to raise 759 million euros ($835 million). The ...

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Analyst warns of restaurant slump

  Bloomberg According to one analyst, not even the Pokemon Go craze can save the restaurant industry. During much of the recovery from the financial crisis, restaurant spending has been a retail highlight as other areas, like department stores, have struggled. According to Stifel Financial Corp. analyst Paul Westra, however, recent surveys point to the start of a serious decline. ...

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