Most removals of chief executives from FTSE 100 companies follow the same script. Financial results disappoint; the share price falls; improvement is promised but doesn’t materialise; the shares fall further; a beleaguered board, harassed by the shareholders, finally pulls the plug. The process tends to take ages. The exit of Hein Schumacher from Unilever is…

Planned strikes by train drivers on London’s Elizabeth line on Thursday and Saturday have been called off after a new pay offer. Members of Aslef had planned to stage a series of strikes that would have caused travel disruption in the capital. The union said its executive would consider a revised offer from the line’s…

Tickets to the second Fyre festival have gone on sale this week, promising a more successful experience than the first, which was the subject of a lawsuit. The infamous first edition was a headline-making disaster in 2017 after guests discovered that their luxury experience was a sham with inadequate accommodation, a lack of organisation and…

Bitcoin and ether sliding The value of major cryptocurrencies including bitcoin are tumbling this morning, as anxiety over the US economy fuels volatility in the financial markets. Bitcoin has dropped by roughly 8% in the last 24 hours to around $88,000, its lowest level since mid-November last year. That means the world’s largest crypto coin…

There are “benefits to consumers” of Gatwick airport expansion despite the potential of a third runway at Heathrow, the aviation regulator has said. The Civil Aviation Authority (CAA) made the comments as it announced support for the West Sussex airport’s proposed new commitments over the next four years. Heidi Alexander, the transport secretary, has a…