Gareth Evans News
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Bupa Insurance Ltd., the private U.K. insurer and health-care provider, sold 500 million pounds ($764 million) of hybrid bonds to help fund acquisitions.
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Qantas Airways Ltd., Australia’s largest carrier, promoted Gareth Evans to chief financial officer, a role he has been performing since Colin Storrie resigned in March.
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Qantas Airways Ltd. may favor internal candidate Gareth Evans for its Chief Financial Officer position, the Australian Financial Review reported, without saying where it got the information. The airline hasn’t made a final decision, according to the newspaper.
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Boeing Co. lost an order for 35 Dreamliners with a list price of $8.5 billion in the biggest 787 cancellation yet as Qantas Airways Ltd. scrapped a contract after delivery delays and losses on international routes.
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European stocks are trading at levels that show investors anticipate no profit growth for 2013, increasing optimism among strategists who say equities will rise to a five-year high.
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The euro’s biggest rally in a year is threatening exporters in Europe’s weakest economies as they grow more reliant on international sales for growth.
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Qantas Airways Ltd., Australia’s largest carrier, slumped 21 percent in two days after forecasting a wider loss on international routes. Domestic operations may be next to feel the pain.
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European stocks will post gains next year as cheap borrowing spurs a rebound in economic growth and drives earnings higher, Deutsche Bank AG and Macquarie Group Ltd. strategists said.
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Qantas Airways Ltd.’s plans to cut debt for the first time in five years with funds from a canceled $8.5 billion Boeing Co. order have been welcomed by bondholders as its default risk fell the most in Australia.
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German stocks climbed to a one- month high as greater-than-estimated industrial output in China and a forecast of faster growth in Europe boosted confidence that the global economy will continue to recover.
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