British Airways and Iberia finally agreed to a $7 billion merger Thursday after 15 months of negotiations. Howard Wheeldon from BGC Partners told CNBC that an "interesting animal" is being born.
Compass Group beat expectations with its full-year earnings Wednesday after an extensive cost-cutting strategy helped the catering group's bottom line. "The revenue outlook is flattish … but we would expect to grow the margins again," CEO Richard Cousins told CNBC.