BAE Systems will next week identify Charles Woodburn, a former Schlumberger executive, as the preferred successor to Ian King, chief executive, when he retires in 12-18 months.
This is one part of The Telegraph's coverage of the week's market carnage. You can also read about the week that shook financial markets, and a day-by-day account of the savage moves.
AMSTERDAM Eurogroup chairman Jeroen Dijsselbloem rejected calls for banking union regulations to be loosened after weeks of falling bank shares, saying new European bail-in rules had caused investors to look "more critically" at risks born by banks.
FRANKFURT Europe's financial market turmoil could delay a rise in inflation even further and banks will need to be fixed with forceful action over time, European Central Bank Executive Board member Benoit Coeure told a German newspaper on Saturday.
Iran is exporting 1.3 million barrels a day (bpd) of crude oil, and will be pumping 1.5 million barrels a day by the start of the next Iranian year on March 20, a vice-president was quoted as saying on Saturday.