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(Reuters) – Goldman Sachs Group Inc (GS.N) has named Aaron Arth and Iain Drayton co-chief operating officers of its investment banking division in Asia Pacific, excluding Japan, according to a memo seen by Reuters american flag cufflinks tiffany uk sale. Arth is currently head of the financing group in Asia Pacific, excluding Japan, while Drayton leads the financial and strategic investors group in Asia Pacific and also heads the investment banking services in the region, excluding Japan. In their expanded roles, Arth and Drayton will report to Todd Leland, the recently named investment banking head for Asia Pacific, excluding Japan, according to a memo seen by Reuters. (reut.rs/2AwfpQY)..
(Reuters) – U.S. hotel chain Marriott International Inc (MAR.O) said on Thursday it plans to open nearly 30 Courtyard by Marriott hotels in Europe in the next two years, as it targets newer markets including Finland and Iceland. The expansion plan comes nearly a month after the company cut its fourth-quarter forecast for revenue per available room (RevPAR) – a key measure of hotel health – blaming weak demand in North America, its biggest market. The company’s RevPAR for Europe grew 5.7 percent for the first nine months of 2018, while North America grew 2 percent in the same period american flag cufflinks tiffany uk sale.
PARIS (Reuters) – Safran (SAF.PA) unveiled ambitions to become the world’s leading aerospace supplier in 15 years, overtaking United Technologies (UTX.N), as it pledged a research and development (R&D) spending drive while increasing cash returns to shareholders. But the French aerospace engine and equipment supplier said it did not plan major new acquisitions after buying Zodiac Aerospace to become, according to its calculations, the industry’s second-largest aerospace equipment supplier american flag cufflinks tiffany uk sale.
The merger happened formally this week and Safran is poised to ditch the brand of Zodiac, founded by an airship pilot and an aristocrat more than a century ago to make air balloons and now one of the biggest manufacturers of aircraft seats. “I don’t want Safran and ex-Zodiac people. I want everyone to feel part of the Safran group as soon as possible,” Safran CEO Philippe Petitcolin said ahead of Thursday’s investor day. Safran, itself formed from a 2004 merger that gave rise to several years of internal tensions followed by asset sales, said it was accelerating the operational recovery of Zodiac Aerospace from the repeated production problems that forced it into Safran’s arms earlier this year american flag cufflinks tiffany uk sale.
It confirmed a goal of 200 million euros ($228 million) of annual pretax cost savings from the merger by 2022 and said “further upside has been identified”. Safran also predicted a 50 percent increase in group earnings before interest, tax, depreciation and amortization (EBITDA) for 2018-2022, helping to lift its share price by 4 percent in afternoon trade american flag cufflinks tiffany uk sale. Safran, which co-produces engines for narrowbody jets with General Electric (GE.N), said it was gearing up for a new cycle of research and development, partly driven by a potential mid-market jet being considered by Boeing (BA.N)..