Struggling luxury UK carmaker Aston Martin has announced that chief executive Andy Palmer has stepped down. Tobias Moers is taking over from 1 August, with Keith Stanton filling the gap as interim chief operating officer. Mr Moers joins from Mercedes’ high-performance subsidiary AMG, where he is currently chief executive. Aston Martin was struggling before the […]
Lufthansa has agreed a rescue deal worth €9bn (£8bn) with the German government that saves it from collapse. The German airline has been severely affected by a decline in travel due to the coronavirus and closed its budget airline Germanwings in April. The German government will take a 20% stake in the firm, which it intends […]
(Reuters) – Tobacco group Imperial Brands Plc (IMB.L) on Tuesday said it plans to cut its dividend by a third as it seeks to save cash and pay down debt during the COVID-19 pandemic, and expects a bigger hit from the crisis in the second half of the year. The maker of Winston and Gauloises […]
Vodafone meets expectations with a 2.6% rise in full year core earnings.