PRESS DIGEST-Financial Times - February 11

Reuters
02/11
PRESS DIGEST-Financial Times - February 11

Feb 11 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

  • Standard Chartered finance chief leaves for Apollo

  • Vitol CFO to retire from commodity trading giant

  • BP becomes first oil major to suspend share buyback plan

  • Ryanair signs multibillion-dollar deal to bring engine maintenance in-house

Overview

  • Standard Chartered's STAN.L chief financial officer Diego De Giorgi, who had been seen as in contention to succeed chief executive Bill Winters at the bank, has resigned to work at US private capital group Apollo Global Management APO.N.

  • Vitol's long-serving CFO Jeff Dellapina isretiring to be replaced by its Asia finance chief Jay Ng.

  • BP BP.L suspended its share buybacks as the company intensifies its efforts to shore up its balance sheet after an ambitious push into green energy backfired.

  • European budget giant Ryanair RYA.I and jet engine maker CFM International unveiled a deal to support the Irish carrier's plans to open two engine maintenance shops with a flow of spare parts, securing scarce supplies for the next 15 years.

($1 = 0.7320 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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