Financial Times: Key Business Highlights
The top stories in Financial Times highlight significant economic moves. Sabadell eyes selling TSB amid BBVA's takeover bid. Airbus secures major orders at the Paris Air Show, contrasting Boeing's limited presence. A tribunal finds ex-Metro executives liable for financial misstatements. Trump advances the US-UK trade deal.
Sabadell, a Spanish lender, is considering the sale of its UK-based bank TSB. This potential move aims to fortify its position against a hostile 11 billion euro takeover attempt by BBVA, a competing Spanish bank.
At the Paris Air Show, Airbus announced securing orders nearing $10 billion, a stark contrast to Boeing's reduced presence following the recent Air India tragedy. Meanwhile, a London tribunal found Metro Bank's former senior executives responsible for a significant 900 million euros accounting discrepancy.
U.S. President Donald Trump has signed an executive order to expedite the implementation of the US-UK trade deal. While this promises immediate gains for British carmakers and aerospace sectors, the UK steel industry might experience delays in benefitting from the agreement.
(With inputs from agencies.)
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