THE DAILY BRIEFING

AIRLINE ROW Budget carrier Ryanair has accused German rival Lufthansa of sabotaging Laudamotion, the Austrian airline it is buying.

Lufthansa plans to end a deal to lease planes to Laudamotion, saying the Austrian carrier has failed to meet payments.

Ryanair denied this and said Lufthansa had failed to pay Laudamotion for carrying out flights on its behalf from March to May.

Lufthansa rejected Ryanair’s allegations of sabotage.

RATE RISE Deputy governor of the Bank of England Sir Jon Cunliffe has called for what he called a slow and ‘stodgy’ approach to rate rises.

RETAIL ROLE Bargain chain Wilko has named ex Topshop director Craig McGregor as retail director.

STORE EXIT Peter Franks, the boss of Primark’s store development and design, is leaving after a decade at the fashion retailer.

LINES SALE Chilean copper miner Antofagasta is selling its electricity network business Centinela Transmissions for £89m.

NEW HIRE Oil and gas producer Gulf Keystone has hired Martin Angle, who has worked at Terra Firma private equity firm, as senior independent non-executive director.

OIL DEAL French oil and gas major Total has closed its £1.14bn deal to buy Engie’s upstream liquefied natural gas business.

JUMP SHIP Director of trade at John Lewis, Mark Felix, is joining comparison site Money Supermarket.

BITCOIN JOB Former Tory treasurer Lord Fink, 60, has joined bitcoin trading website Etoro as a special adviser.

SHARE REVOLT More than 10pc of investors voted against the fashion retailer Burberry’s remuneration report for the year to March 31.

PROFIT LIFT Investment bank JP Morgan earned a record £6.3bn profit – up 18pc on a year earlier. Revenues climbed 6pc to £21.6bn.