EasyJet to rebuff bid to oust Rake

EasyJet is set to rebuff an attempt by the low cost airline’s founder Sir Stelios Haji-Ioannou to oust Sir Michael Rake as chairman.

At a shareholder meeting at Luton Airport today, Sir Stelios will present a resolution to eject Sir Michael, who is also deputy chairman of Barclays, in the wake of the Libor-rigging scandal that sent shockwaves through the British banking giant.