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Tuesday newspaper round-up: Virgin Atlantic, Repsol, Barclays…

Your Money
Written By:
Your Money
Posted:
Updated:
25/06/2013

Virgin Atlantic to work with Delta Airline; Repsol under pressure from shareholders to strike Argentine deal; Barclays set to sell customer spending information…

Virgin Atlantic and Delta Airlines have announced a code-sharing agreement on 108 routes, including flights between Britain and the US, The Times reported. The airlines are working together to compete more effectively with the dominant carriers out of Heathrow, British Airways and American Airlines.

Repsol is under pressure from two of its biggest shareholders to strike a deal with Argentina over last year’s forced nationalisation of its YPF unit, the Financial Times reported. It comes ahead of a board meeting on Wednesday.

An Italian bank has warned Italy is likely to need a European Union rescue within six months as the country slides into deeper economic crisis, according to The Telegraph. Mediobanca, Italy’s second biggest bank, said its “index of solvency risk” for Italy was already a clear warning sign.

Barclays will begin selling information about 13m customers’ spending habits to other companies, The Guardian reported. The UK bank has also admitted it could share the data with government departments and MPs, according to letters sent to its customers.

Nationwide will be forced to defend a £2.26m pay package handed to chief executive, Graham Beale, at the building society’s annual meeting in Manchester next month, the Daily Mail said.


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