Liberty and Telefonica in $38 billion UK tie-up to take on BT
Liberty Global and Telefonica have agreed to merge their British businesses in a $38 billion deal, including debt, that will create a powerhouse in mobile and broadband to take on market leader BT .
Rolls-Royce signals job cuts as lowers engine output forecast
British aero-engine maker Rolls-Royce signalled on Thursday it expects to cut some of its workforce, after reports that it was considering cutting up to 8,000 jobs to weather a global aerospace sector slump.
Britain’s Superdry sales plunge 37% as stores shuttered
British fashion retailer Superdry said its revenue plunged 37% in its latest quarter, reflecting the closure of its stores across the world because of the novel coronavirus.
Nintendo smashes Switch sales forecast as Animal Crossing sales top 13 million
Japan’s Nintendo Co Ltd said on Thursday it sold 21 million Switch units in the year ended March, smashing its forecast of 19.5 million units, with hit title Animal Crossing: New Horizons shifting 13.4 million units in its first six weeks.
UK parliament tells Barclays CEO: explain emergency business loans delays
The British parliament’s treasury committee chairman has told the chief executive of Barclays to explain delays to granting emergency loans to small businesses.
Britain’s GSK to sell entire stake in Hindustan Unilever
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Anil D’Silva)
Norwegian Air’s April passenger count falls 99%
Norwegian Air’s passenger volume fell by 98.7% in April from a year earlier as most of its fleet was grounded due to the coronavirus pandemic, the budget airline said on Thursday.
Norwegian Air says share issue oversubscribed
Norwegian Air’s deeply discounted 400 million crowns ($39 million) share issue, part of the company’s financial rescue plan, has now been oversubscribed by investors, the budget carrier said on Thursday.
Planemakers delay deliveries as crisis hits manufacturing: Air France-KLM CEO
Planemakers Airbus and Boeing have asked Air France to delay taking some wide-body jets after a manufacturing slowdown caused by the coronavirus crisis, the head of parent Air France-KLM told Reuters.
Air France-KLM boss right to tackle subject of jobs: minister
Air France-KLM Chief Executive Ben Smith is right to tackle the subject of jobs at the struggling airline, said French government minister Jean-Baptiste Djebbari on Thursday, as trade unions brace for possible cuts.
