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New GXO chief investment officer named XPO Logistics, Inc. (NYSE: XPO) yesterday announced that Mark Manduca will become the chief investment officer of GXO Logistics, Inc., the intended spin-off of XPO’s logistics business. Manduca has joined XPO as chief investment officer of the logistics segment, effective in May. He will be responsible for analysis of GXO’s growth opportunities, optimization of the company’s asset portfolio and oversight of its UK pension investments. Alongside these responsibilities, he will play a key role in ensuring that GXO’s investment case reaches a...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. XPO Logistics Announces Mark Manduca as Chief Investment Officer for GXO Logistics Spin-Off XPO Logistics, Inc.April 19, 2021 GMT GREENWICH, Conn., April 19, 2021 (GLOBE NEWSWIRE) --   XPO Logistics, Inc. (NYSE: XPO) today announced that Mark Manduca will become the chief investment officer of GXO Logistics, Inc., the intended spin-off of XPO’s logistics business. Manduca has joined XPO as chief investment officer of the logistics segment, effective in May. He will be responsible for analysis of ...

The boss of British Airways has urged Boris Johnson to commit to lifting the tough restrictions on international travel to save the summer holiday season.  In a letter sent to the Prime Minister on Friday, BA's chief executive, Sean Doyle, blasted the Government's 'uncertainty' and 'mixed messaging' over whether summer holidays are possible this year.  He urged Johnson to set out a timetable for restarting travel – now that around 15million Britons have been vaccinated.  Appeal: BA's Sean Doyle, left, is urging the Prime Minister to allow British families to take flights abroad to enjoy...

3 Min Read DUBLIN (Reuters) -Ryanair expects a record loss of close to 1 billion euros ($1.2 billion) in the year to March 31 before what Chief Executive Michael O’Leary says will be a “dramatic recovery” later in the year thanks to COVID-19 vaccination programmes. The Irish low-cost airline, Europe’s largest, forecast a loss between 850 million and 950 million euros in its current financial year - about five times larger than its previous record loss in 2009. But O’Leary told an investor call that bookings would “snap back very strongly” once confidence grows in the rollout of ...

The low-cost airline reports £269 million of loss in the third quarter. The Irish budget air carrier says its revenue slid 82% in fiscal Q3. Ryanair Holdings plc (LON: RYA) said on Monday that the ongoing COVID-19 restrictions are likely to translate into a record £749 million to £837 million of loss this year. But CEO Michael O’Leary expressed confidence that vaccination against the novel flu-like virus will resume demand for air travel this summer, resulting in a dramatic recovery. Ryanair shares jumped a little under 2% in premarket trading on Monday and lost the entire intraday gain ...