September, 2016

• 5 September

  Barclays to name new man to run investment bank

  

    Bloomberg Barclays Plc is close to naming JPMorgan Chase & Co.’s Tim Throsby to run the corporate and international division, including overseeing the investment bank, which will fill the final vacancy on Chief Executive Officer Jes Staley’s top management team, according to two people with knowledge of the talks. Barclays may announce the appointment over coming days, said one ...

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• 5 September

  Carney’s stimulus questioned as BOE faces pro-Brexit lawmakers

  

    Bloomberg Mark Carney had better have made the most of his summer break, because he’s about to meet his critics again. In his first public appearance since the central bank unleashed a barrage of stimulus, the Bank of England governor will answer to a panel of lawmakers, including those who campaigned for Britain to leave the European Union. As ...

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• 5 September

  ANA Holdings to ask Rolls-Royce for 787 engine compensation

  

    Bloomberg ANA Holdings Inc. plans to claim compensation from engine-maker Rolls-Royce Holdings Plc following its cancellation of more than a dozen flights last month after finding broken turbines on three 787 aircraft, according to two people familiar with the plan. The form of compensation hasn’t been decided yet but it may be for discounts on future purchases or free ...

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• 5 September

  McDonald’s in danger of going cold as Yum snags Alibaba

  

    Bloomberg Hong Kong KFC’s partnership with an Alibaba affiliate puts the pressure on the Golden Arches in China more than ever. By allying with a backer of the country’s top food delivery website, KFC owner Yum Brands has taken a step toward solving the dilemma of slowing growth in its biggest market outside the US. It’s a deal that ...

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• 5 September

  Telefonica to list Telxius’s infrastructure unit

  

    Madrid / AFP Spain’s heavily indebted Telefonica said on Monday it plans to float a minority stake in infrastructure subsidiary Telxius and was mulling doing the same with its British unit O2. The Telxius listing is expected by the end of the year with a free float of at least 25 percent, the company said in a regulatory filing. ...

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• 5 September

  South Africa Airways chief faces heat

  

    Bloomberg The reappointed chairman of South Africa’s state airline, Dudu Myeni, should be removed from the post, the opposition Democratic Alliance announced, saying that during her tenure the carrier has lurched among crisis. The party said it will seek court action to declare that Myeni was an “inappropriate and incapable appointment” to run South Africa Airways. Myeni on Friday ...

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• 5 September

  Poland considers to ‘limit’ shopping

    Bloomberg Poland’s largest trade union submitted a draft bill to parliament restrict retail trade on Sundays, rejecting warnings from employers’ groups that such regulation would eliminate a quarter of the 400,000 jobs at shopping centers across the country. The Solidarnosc union collected more than half a million signatures, or five times more than required to submit a bill to ...

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• 5 September

  Ryanair CEO ‘cautious’ on profit forecast

  

    Bloomberg Ryanair Holdings Plc warned it won’t be able to cut spending fast enough if a drop in ticket prices accelerates this winter, reflecting the strain facing European airlines as terrorist attacks and volatility stemming from Brexit spook travelers. The carrier, Europe’s largest discount airline, has been able to offset price declines during the summer season with cost cuts, ...

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• 5 September

  Air France-KLM Group seeks more conciliatory approach to revamp

  

    Bloomberg Air France-KLM Group will jettison a hard-line stance on cost cutting that antagonized employees and unions under its former chief executive officer in favour of a more conciliatory approach to be called “Trust Together,” according to a person familiar with the plan. Jean-Marc Janaillac, who succeeded Alexandre de Juniac as CEO in July, will unveil the program in ...

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• 5 September

  Britain’s May faces obstacles to post-EU trade goals

  

  AFP New British leader Theresa May sought to start shaping her country’s post-EU access to world markets on Monday, but faced a Japanese warning over the fallout from Brexit and the US saying it was not its first priority. In the wake of its vote to leave the European Union, Britain must renegotiate its access to world markets, an issue ...

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