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Business & Finance - Industry - 2021-02-23
Easyjet to hold investor calls for euro bond as travel hopes rise
Industry

Easyjet to hold investor calls for euro bond as travel hopes rise

  • No details were provided on how much the airline is looking to raise from the sale, but a "benchmark" euro bond issue typically has a deal size of about 500 million euros or more.
  • EasyJet said that bookings for flights for this summer had soared over 300% since Britain's announcement, and holidays by more than 600%, compared to their levels last week.
Published 23 Feb, 2021 08:21pm
Jetmakers to lose orders in Norwegian restructuring
Industry

Jetmakers to lose orders in Norwegian restructuring

  • There is a hearing ongoing and we can't comment until that is over
  • Planemakers have not so far faced sizeable cancellations directly related to the coronavirus crisis as deliveries were cushioned by deposits held on account, industry sources say.
Published 23 Feb, 2021 07:48pm
Estee Lauder to pay $1 billion for controlling stake in Ordinary skincare owner
Industry

Estee Lauder to pay $1 billion for controlling stake in Ordinary skincare owner

  • The M.A.C brand owner, which is raising its stake to about 76% from about 29%, said it had agreed to purchase the remaining interest in the company after a three-year period.
  • DECIEM recorded net sales of about $460 million for the 12 months ended Jan. 31, with the United States, the UK and Canada accounting for a major portion of its business.
Published 23 Feb, 2021 05:42pm