Soft drinks bottler Coca Cola HBC AG on Thursday said sales in April fell by more than a third as fast-food chains, theatres and other public arenas stayed shut to limit the spread of the new coronavirus during stay-at-home orders.
British Airways-owner IAG said that chief executive Willie Walsh would stay on until September to steer it through the coronavirus crisis, and that it was planning for flights to return to service in July.
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.
The British businesses of Liberty Global Plc and Telefonica SA will merge to create a major new player in UK mobile and broadband communications in a deal valued at around 31 billion pounds ($38 billion) including debt.
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.
Liberty Global expects no major regulatory challenge to a deal to merge its Virgin Media unit with British mobile operator O2, owned by Spain's Telefonica , its chief executive said on Thursday.
British fashion retailer Superdry said on Thursday its revenue plunged 37% in its latest quarter, reflecting the closure of its stores across the world due to the novel coronavirus.
Liberty Global Plc and Telefonica SA have agreed to merge their British businesses in a $38 billion deal including debt that will step up the challenge to market leader BT in mobile and broadband.
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.
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.
The British parliament's treasury committee chairman has told the chief executive of Barclays to explain delays to granting emergency loans to small businesses.
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Anil D'Silva)
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.
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.
GlaxoSmithKline said on Thursday it sold its stake in Unilever's Indian business for $3.35 billion, which Refinitiv says is the largest block trade ever to have been carried out in India.