EasyJet fended off an attempt to oust its chairman yesterday in the latest spat between the low-cost airline’s founder, Stelios Haji-Ioannou, and its directors.

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.

The leadership crisis at Barclays continued to plague the embattled bank today after the frontrunner for the role of chairman confirmed his withdrawal from the race.

The leadership crisis at Barclays showed no signs of easing today after the frontrunner for the role of chairman reportedly withdrew from the race.

The rate-rigging scandal claimed its first scalp today as Barclays confirmed its chairman Marcus Agius is to step down.

Low-cost airline easyJet said today that half-year losses would be smaller than expected as its revenues were boosted by higher baggage charges.

EasyJet founder Sir Stelios Haji-Ioannou’s battle with the airline’s board was dealt a blow today after its bosses won the support of the carrier’s three largest institutional shareholders.

The ongoing feud between easyJet and its founder rumbled on today as the British airline’s chairman denied its directors were riding the “gravy train”.

EasyJet founder Sir Stelios Haji-Ioannou quit the board of the low-cost airline today in a long-running battle over its growth strategy.

The London market struggled for direction today as the UK's Pre-Budget Report failed to shock while concerns continued over the world economic recovery.

The boss of low-cost airline easyJet is to leave the company next summer, it was announced today

Telecoms giant BT said today that Michael Rake will become its next chairman when Christopher Bland steps down from the post in September.