PRESS DIGEST- Financial Times – April 27

April 27 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

– Airbus is ‘bleeding cash’, says chief executive on.ft.com/2yNOvXq

– Branson races to find Virgin Atlantic investor in rescue attempt on.ft.com/3cKVNda

– UK supply chains threatened by storage crunch on.ft.com/2Y62Wkf

– BoE warns bank loan reserves risk choking business funding on.ft.com/3aCI5Yt

Overview

– Chief Executive Guillaume Faury told Airbus employees the company has lost a third of its business in a matter of weeks, as the pandemic has hammered airlines’ revenue and made them reluctant to accept new jets.

– Virgin Atlantic is racing to find new investors within the next month in a process that could reduce the 51% stake held by billionaire founder Richard Branson.

– The UK Warehousing Association said British warehouses will be full within weeks as unsold goods clog up storage and tens of thousands of containers a week pile up at ports.

– The Bank of England has warned British lenders against booking huge charges on souring loans amid fears it would curb their ability to support struggling companies.

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