Companies, Markets and Finance

Company news, markets and financial talking points, available from 8am Monday to Friday

SACHS: WORLD IS DROWNING IN DEBT

The world is drowning in debt, says Goldman Sachs. An ageing global population means countries' debt piles are in danger of growing out of control, the European chief executive of Goldman Sachs Asset Management has warned. Andrew Wilson added that growing debt piles around the world posed one of the biggest threats to the global economy.

APPLE PROMOTES JONY IVE

Apple’s British designer Jony Ive has been promoted to a new role at the world's most valuable company, according to reports. Sir Jonathan, who has held the role of senior vice president of design and helped design of some of the tech giant's most popular gadgets, is now the chief design officer of the firm.

IOD SLAMS ‘SHAMEFUL’ THOMAS COOK

Business leaders have joined forces to slam the “shameful” Thomas Cook, reports City AM. Pressure is growing on the travel agent to review the £10.5m payout to former boss Harriet Green, amid widespread fury over its response to the death of two British children in Corfu. The Institute of Directors has criticised the “shameful behavior” of Thomas Cook.

QUOTE OF THE DAY … NO LIFEBOATS FOR RECESSION

“The world economy is sailing across the ocean without any lifeboats to use in case of emergency.” Stephen King of HSBC offers a scenario as scarcy as those of his horror author namesake.

RYANAIR POSTS PROFIT SPIKE

Ryanair has reported a big increase in full-year profits, reveals the BBC. The Irish airline’s net profit for the year to the end of March rose 66% to €867m (£614m; $948m), slightly ahead of analysts' expectations. A customer experience programme had attracted "millions of new customers to Ryanair", says the carrier’s colourful chief executive Michael O'Leary.

THE NUMBERS... AT 0725 BST

FTSE-100: up +0.26 to 7031.72
Dow Jones: down -0.29 to 18232.02
Dax: down -0.42 to 11815.01
Cac-40: down -0.50 to 5117.17
Nikkei: up +0.27 to 202468.16
Hang Seng: up +1.33 to 28365.88
US dollar: buys €0.91550 and £0.64780
Sterling: buys $1.54270 and €1.41340
Oil: $65.37 up +0.0