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Ryanair in union offer to avoid Christmas strikes

Ryanair has said it is prepared to recognise pilot unions as it seeks to avoid strike disruption over the Christmas period. Earlier this week, 79 Dublin-based Ryanair pilots said they would strike for one day on 20 December.The airline was also facing action by pilots elsewhere in Europe. Ryanair …

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Unilever sells margarine business to KKR for £6bn

Unilever has agreed to sell its margarine and spreads business, which include Flora and ProActiv, to private equity giant KKR for €6.8bn ($8bn; £6bn).The move follows a wide-ranging review of its business which was prompted by a takeover attempt by rival Kraft.Unilever said it would look for a buyer …

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Airbus chief Tom Enders to leave after power struggle

European planemaker Airbus has unveiled a shake-up of its top management team.Chief executive Tom Enders will not seek re-election when his term expires in 2019, the company said.Meanwhile, Fabrice Bregier, chief operating officer and head of the commercial aircraft arm, will step down in February.Guillaume Faury, currently chief executive …

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Persimmon chairman quits over bonus backlash

It’s pretty rare to see a company chairman resign when something goes wrong in a business. Invariably, it is the chief executive, the chief financial officer or the chief operating officer that carries the can. Today, though, Persimmon has announced its chairman, Nicholas Wrigley, is stepping down following anger …

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Brexit deal by 2019 'dramatically difficult'

Agreeing a Brexit deal by the March 2019 deadline will be “dramatically difficult”, the European Union has warned. The stark warning came from EU Council President Donald Tusk, who was speaking after European leaders agreed to move Britain’s exit negotiations onto the next phase. “It is still realistic and …

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