The Times 14/2 | Vox Markets

The Times 14/2

Airbus has crashed to a €1.36 billion (£1.14 billion) loss as it counts the cost of paying fines for a decade of global multibillion dollar bribery and corruption scandals and the ongoing financial blackhole that is its A400M military transporter plane.

Babcock International Group (BAB) has warned investors — not for the first time — that profits may not be quite what they expected.

Softbank’s profits have all but disappeared after it lost £1.6 billion on a string of ill-judged bets on start-ups from Wework, the shared office space provider, to Wag, the dog-walking app.

The chief executive of Barclays (BARC) has said he “deeply regrets” a professional relationship with the sex offender Jeffrey Epstein that is now being investigated by regulators in the UK.

British Gas has reported its lowest profits in memory after Britain’s biggest energy supplier was hit by the government’s price cap on energy bills.

Heavily-loss-making budget airline Norwegian is to further cut the services it flies in an attempt to get itself into the black, which it is promising it will do this year.


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Babcock International Group