April 27, 2020 / 12:31 AM / a month ago

PRESS DIGEST- Financial Times - April 27

April 27 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Airbus is 'bleeding cash', says chief executive on.ft.com/2yNOvXq

- Branson races to find Virgin Atlantic investor in rescue attempt on.ft.com/3cKVNda

- UK supply chains threatened by storage crunch on.ft.com/2Y62Wkf

- BoE warns bank loan reserves risk choking business funding on.ft.com/3aCI5Yt

Overview

- Chief Executive Guillaume Faury told Airbus employees the company has lost a third of its business in a matter of weeks, as the pandemic has hammered airlines' revenue and made them reluctant to accept new jets.

- Virgin Atlantic is racing to find new investors within the next month in a process that could reduce the 51% stake held by billionaire founder Richard Branson.

- The UK Warehousing Association said British warehouses will be full within weeks as unsold goods clog up storage and tens of thousands of containers a week pile up at ports.

- The Bank of England has warned British lenders against booking huge charges on souring loans amid fears it would curb their ability to support struggling companies.

Compiled by Bengaluru newsroom

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below