May 16
Easyjet
His resignation as a non-executive director escalates the internal turmoil at the company, with the tycoon now planning to build support for a shareholder revolt against easyJet plans to grow its fleet by 7.5pc a year.
“Your only weapon as a non-executive is to resign,” he told The Daily Telegraph. “As a shareholder I may have stronger rights as I can discuss it [the number of planes] with other shareholders without being in possession of inside information.
“I think profits will go up if the number of aircraft stops growing. I have given up trying to change things from the inside. Now I’m going to do it from the outside.”
Tensions over easyJet’s growth strategy appeared to have calmed after an agreement last year to limit annual growth to 7.5pc.
Read more…
Tags: Plans
May 16
World markets panic over eurozone on Friday, May 14, 2010 Photo: Getty
Leading yesterday’s falls was the Spanish IBEX 35 Index, which closed down almost 7pc at 9314.70. The euro tumbled 1.5 cents against the dollar, dropping to a 19-month low of $1.2358 in US trading.
The sharp drop was a clear signal that the confidence provided by a $1 trillion (£685bn) eurozone rescue package has vanished amid deep concerns over the situation in Greece, Portugal and Spain, and the stability of the region as a whole.
Markets were jittery all day but an accelerated sell-off began in late trading following strongly worded comments from Axel Weber, a senior policymaker at the European Central Bank and head of Germany’s Bundesbank.
Read more…
Tags: Eurozone, Markets Panic, World Markets, World Markets Panic
May 16
Previous of Images Next Workers de-contaminate after walking the beach checking for any signs of oil or tar balls in Dauphin Island, Alabama. Photo: EPA Scientists from the Louisiana Department of Wildlife and Fisheries survey the beach at Port Fourchon, Louisiana. Photo: Reuters Brian Sherman a local sport fishermen along with other residents attend a meeting in Mt. Sinai Baptist Church with officials from different government agencies along with a representative from BP in Port Sulphur, Louisiana. Read more…
Tags: Oil, Oil Cleanup