BUSINESS LIVE: FTSE on the rise; Musk to complete Tesla stock fire sale; Ryanair boss slams online travel agents
Tesla chief executive Elon Musk has exercised all of his options expiring next year, signalling an end to his stock sales that triggered a fall in the share price of the world’s most valuable carmaker.
Musk has so far offloaded 15.7 million shares in Tesla, worth around $16.4billion, coming close to the 10 per cent stake the billionaire has pledged to sell.
The boss of Ryanair has lashed out at regulators for failing to take action against online travel agents.
Michael O’Leary claims the firms overcharge customers for flights and prevent airlines contacting them directly with refund information.
Defence giant BAE Systems will create around 1,700 jobs in the UK next year, mostly in the north of England.
The FTSE 100 group – a key contractor for the Ministry of Defence – will take on more than 900 apprentices and create 750 graduate and undergraduate roles.
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Musk’s sale of 15.7 million shares in Tesla has sparked significant volatility in the firm’s share price