UK approves limited 5G role for China’s Huawei. London gives green light in spite of US warnings about the risk posed by Chinese company.
Crest Nicholson Holdings (CRST) profits tumble after sales hit by Brexit paralysis. The FTSE 250 housebuilder also takes charge for fire safety review after Grenfell tragedy.
Boeing Co (BOE) tightens its belt as Max crisis drains cash. The cost of grounding puts debt, dividends, buybacks and defence contract bids under review.
Ryanair Holdings (RYA) boss says UK was ‘blindsided by billionaires’ over Flybe. Michael O’Leary demands carrier’s owners foot bill for rescue deal rather than taxpayers.
Six eurozone banks fall short of ECB capital requirements. The rise in lenders missing targets underlines continued fragility of European banking sector.
LVMH Moët Hennessy – Louis Vuitton SE is ‘cautiously optimistic’ for 2020 despite China challenge. The owner of Louis Vuitton brand delivers robust quarter driven by growth in fashion and leather goods.
Kama Sutra publisher Quarto Group rebuffs £90m takeover. US investor Richard Hurowitz had proposed a 100p a share deal.
Airbus reaches deal to settle corruption probes. The aerospace group is set to accept hefty fines to end inquiries in three jurisdictions.
Cathay Pacific Airways to sharply reduce flights to mainland China. The decision reflects Hong Kong government plan and ‘market demand’.
United Technologies says Max woes to hit profits at aerospace unit. Raytheon merger and new US regulation also expected to be a drag.
