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/ 29 October 2006
The appointment of Cynthia Carroll as chief executive of Anglo American marks a step in the right direction for equality in Britain’s boardrooms as women struggle to break through the glass ceiling, analysts said. The global mining giant, which is registered in Britain but operates mainly in South Africa, announced last week that 49-year-old Carroll would replace Tony Trahar on March 1 2007.
Britain’s Office of Fair Trading (OFT) said on Thursday it was investigating ”alleged price coordination” related to the imposition of fuel surcharges within the airline sector and that it had visited British Airways (BA) as part of the probe. BA earlier announced that the OFT and the United States Department of Justice were investigating alleged cartel activity involving it and other airlines.
European stocks rose on Friday, recovering part of recent losses as investors seized on news that the New York Stock Exchange Group was to acquire the pan-European stock market Euronext. The $10-billion (€7,8-billion) cash and stock deal, announced overnight in New York, will create the first trans-Atlantic securities market.
Journalists and broadcasting workers at the British Broadcasting Corporation will strike for three days starting later this month over plans to cut 3 780 jobs across the organisation, union officials said on Thursday. Workers from three trade unions will walk out on May 23, May 31 and June 1.