Airline shares under pressure after surprise Lufthansa profit warning – business live

German carrier warns on “aggressive” growth in low-cost competition 8.38am BST Shares in airlines are on the back foot across Europe after a surprise Lufthansa profit warning overnight.Yields in the European short-haul market, in particular in the grou…

Read more

Airline shares under pressure after surprise Lufthansa profit warning – business live

German carrier warns on “aggressive” growth in low-cost competitionKier Group to cut 1,200 jobs and sell housing divisionParis air show: Airbus reveals orders and new longer-range range modelBrexit: UK growth tipped to slow as firms run down stockpiles…

Read more

Modest proposals will not make the audit process any more watertight

Andrew Tyrie’s report recognises the value of more competition, but tinkering at the edges won’t make it happenCompanies go out of business all the time, but big companies should be an exception. They have responsibilities to the communities where they…

Read more

The big four auditors are failing – and the watchdog’s report won’t change that | Prem Sikka

The near-collapse of BHS, Carillion and the bailed-out banks wasn’t spotted. The CMA’s remedy shows it is not fit for purposeWhat do BHS, Carillion, Conviviality, Quindell, Aero Inventory, the Co-op Bank, and London and Capital Finance have in common? …

Read more

Julian Dunkerton has little chance of winning round Superdry’s board | Nils Pratley

Investors are distinctly cool about the fashion brand founder’s hopes of a comebackSuperdry’s directors didn’t quite describe Julian Dunkerton, the founder who wants to return, as a man obsessed with yesterday’s game of slapping Japanese-style logos on…

Read more