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RBC prepares to blaze trail with new bail-in eligible bonds

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Bloomberg Royal Bank of Canada is getting ready to sell the country’s first bail-in eligible senior securities. The bank held a call with fixed-income investors to discuss the legal framework for the securities, according to people who had access to the call. Canadian lenders will be able to start issuing the new securities after September 23, when the bail-in framework ...

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Tesco undercuts Lidl, Aldi

Tesco to buy booker group in 3.7 million deal.

Bloomberg Tesco Plc is fighting back against German discounters Lidl and Aldi with a new line of stores that are wooing budget-conscious shoppers with a patriotic pitch. Tesco unveiled its first Jack’s store — named after the UK supermarket chain’s founder, Jack Cohen — in a small town 80 miles north of London. Private-label products, featuring a red Jack’s logo ...

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Airbus needs a year to catch up on A320neo output

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Bloomberg Airbus SE needs at least another year to get production of its A320neo back on track and stabilise deliveries following manufacturing and design snags at its engine suppliers, according to a senior executive. The plane maker was forced to adjust the timing of its A320neo handovers at the start of 2018 after a fault was uncovered with Pratt & ...

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