THE DAILY BRIEFING
TOP TABLE Bank of England chief economist andy Haldane has been reappointed to its Monetary
Policy Committee, which sets interest rates. He will serve until 2020, and has historically opposed rapid rate rises.
RICH REWARDS Germany’s Deutsche Bank is hiring 100 staff to manage relationships with superrich clients as is refocuses on wealth management while its investment banking arm struggles. NEW BOSS John Flannery, 55, has been made chief executive of General Electric, replacing current boss Jeff immelt, 61, who retires in august after 16 years at the helm.
SWOOPING IN american plane maker Boeing has issued a vote of confidence in the UK after investing more than £2bn in the supply chain.
The firm, which builds aircraft for 13 different carriers in Britain, said its direct spending with UK suppliers has tripled over the past six years to £2.1bn, supporting an estimated 16,500 jobs.
CAR CRASH slashing prices to woo customers caused second-hand car seller Motorpoint’s profits to slip. Profits in the year to March 31 fell 13.7pc to £15.7m.
TAKING OFF The owner of stansted, Manchester, East Midlands and Bournemouth airport – Man
chester Airports Group – said 5.4m passengers travelled through the hubs in May, an 8.9pc increase from the year before.
GAS CHIEF south americanfocused gas company Echo Energy has appointed Fiona Macaulay, 54, as chief executive.
PLAY NICE speculators have been banned from short- selling troubled spanish lender Liberbank as the nation’s government fights to keep it afloat.
FILM REVIEW irregularities in accounting at one of Fujifilm’s subsidiaries was bigger than expected and also took place at a second location, a report revealed yesterday.
OIL’S WELL scottish engineering firm Weir Group is buying singapore-based firm Kop surface Products for £90m. Kop makes wellheads, valves and other products for the oil and gas industry and provides after-market services. BOARD JOB Oil explorer Trinity Exploration has appointed James Menzies, 55, to the board as a nonexecutive director.