Vectura takeover will not go to auction as Carlyle declares its offer final – business live
Rolling coverage of the latest economic and financial news
- Takeover battle for Vectura will not go to auction
- Carlyle: Our offer is final….
- Nile Pratley: Vectura board needs to see through the smoke
Earlier:
- Sterling highest since February 2020 vs euro
- German investor morale hit by fourth-wave fears
- US small business confidence falls amid struggle to find workers
The new low-cost long-haul Norwegian airline Norse Atlantic Airways has announced plans to fly between Europe and the US from early 2022, as it aims to fill the gap in budget transatlantic air travel left by Norwegian’s departure from long-haul routes.
Norse, which was formed in March by Norwegian airline industry veterans, will initially fly from Oslo, London and Paris to New York, Los Angeles and Fort Lauderdale.
Related: New budget airline will fly from London to New York by 2022
The world’s major economies have seen their rapid recovery after easing Covid restrictions begin to run out of steam in the last month as a resurgence in the virus depressed consumer spending, according to the Organisation for Economic Cooperation and Development.
There are signs that the recovery in the US and Japan is losing momentum, the OECD said, while parts of Europe and China have slowed as consumers remain reluctant to eat out, visit attractions and shop as they did before the pandemic.
Related: Economic recovery from Covid ‘running out of steam’ – OECD
