FTSE LIVE: Boeing faces $5bn hit from 737 Max crisis; RBS boss to take reins at National Australia Bank; UK stocks rally as pound holds above $1.25
- The outgoing chief executive of RBS will head up the National Australia Bank
- Boeing said it is booking a $4.9billion charge in relation to the groundings
- The FTSE 100 opened in the green on Friday – up 0.6 per cent at 7,536.25
Ross McEwan, outgoing chief executive of the Royal Bank of Scotland, has been appointed the next boss of the National Australia Bank and will take up the post once a successor has been found.
Meanwhile, across the pond, Boeing said it was setting aside $4.9billion (£3.9billion) to cover possible compensation to airlines that have cancelled thousands of flights since its 737 Max jet was grounded after two deadly accidents.
Sterling enjoyed a rare positive run yesterday and is just about holding above $1.25 in early trading on Friday as the Tory leadership contest reaches its finale.
At the open: The FTSE 100 opened in the green on Friday – up 0.6 per cent at 7,536.25