FTSE LIVE: Airbus axes A380 superjumbo; Restaurant Group CEO goes after Wagamama deal; Drugs giant AstraZeneca bullish despite profits drop
- Airbus is ceasing production of its superjumbo A380 aircraft; jobs at risk
- Boss of Restaurant Group, which owns Wagamama and Garfunkels, to step down
- Full-year profits at drugs firm AstraZeneca fell 14 per cent
In company news today, Airbus has taken the ‘painful decision’ to cease production of its superjumbo A380 aircraft amid dwindling demand.
And the Restaurant Group’s chief executive Andy McCue has announced plans to leave the company due to ‘extenuating personal circumstances’.
The ‘untimely’ move follows the group’s recent £559million takeover of Japanese food chain Wagamamas.
Elsewhere, drugs giant AstraZeneca has revealed falling annual profits, but said a strong performance in the last three months underscored a return to growth.
Airbus has ceased production of its superjumbo A380 after demand for the aircraft slumped