Coca-Cola has agreed to purchase a £30 million minority stake in the smoothie maker Innocent. The brand has sold a stake of between 10 and 20 per cent to Coca-Cola in order to raise funds so it can expand into Europe. Source: Daily Telegraph
Ofcom has revealed plans to restructure commercial radio stations in a move that it says would help make them more attractive to investors.
Source: Financial Times
Nissan is set to receive a £200 million bailout from the European Investment Bank to help save its Sunderland plant. The EIB is expected to sanction the deal for the plant to build a "family" of electric cars, saving up to 4,500 jobs.
Source: Daily Mail
Willie Walsh, the chief executive of British Airways, is to implement a shake-up of employee pay and conditions that could see a major cut in remuneration and holidays for its 13,500 cabin crew. Source: The Times
Unemployment will peak at 3.2 million over the summer of 2010, a new report by the British Chamber of Commerce has said. Source: The Guardian
Sir Colin Chandler, the chairman of easyJet, is to leave his role after becoming "fed up" with the protracted dispute between him and his predecessor Sir Stelios Haji-Ioannou over the airline's strategy for rapid growth. Source: The Times
Dermot Mannion, the chief executive of Aer Lingus, has left the company following a row over the proposed takeover with Ryanair. Source: Daily Telegraph