Burberry Group Plc said Chief Financial Officer Stacey Cartwright is leaving after nine years in the job, ruffling investors at a time when the company has to contend with slowing growth in luxury-goods sales.
The Channel Tunnel rail link between Britain and France was built on the promise that it would render sea trade on the route redundant. Fifteen years on and operator Groupe Eurotunnel SA is revising its cargo strategy for a second time as volumes languish two-thirds below their 1998 peak.
European stocks were little changed as France and Spain sold debt, while European Central Bank President Mario Draghi said that economic recovery should begin later this year amid a continued accommodative policy.
Barclays Plc, the U.K. bank fined a record amount for rigging global interest rates, is languishing at a cheaper valuation than 93 percent of its global competitors, fueling a debate about breaking up Britain’s second-biggest lender.
Three months after taking the helm of Aviva Plc in July 2007, Chief Executive Officer Andrew Moss unveiled his “One Aviva Twice the Value” strategy. Since then the shares have dropped by almost half, prompting investors to consider the merits of a breakup.