Live events sector awaits re-start as uncertainty prevails May 29, 2020 ‘Sorry, this event has been postponed – we will let you know when we have a new date confirmed’: business event calendars have been decimated by blanket cancellations and re-arrangements over the past 10 weeks. Uncertainty continues to haunt the events market, particularly for larger gatherings, despite the gradual easing of coronavirus lockdown measures.The UK’s [...]
Lawyer attacked designer in seat row at Royal Opera House December 16, 2019 A hedge fund lawyer was convicted of assault today after punching a fashion designer in a bust-up at the Royal Opera House. During a performance of Wagner, Matthew Feargrieve struck Ulrich Engler at least once in a dispute over a seat, City of London Magistrates’ Court heard. Read more: Two women who quit City jobs [...]
CBI urges government to extend business loans scheme June 25, 2020 The CBI has urged the government to extend the Coronavirus Business Interruption Loan Scheme (CBILS) until November, as part of a wave of proposals to keep businesses alive as the UK faces its worst recession on record. The business body, which represents around 190,000 UK companies, today called on the government to extend the deadline [...]
Capital & Counties net asset value slides on Covent Garden revaluation February 26, 2020 Capital & Counties has reported a decline in net asset value (NAV) after the property group was hit by a decline in value of its Covent Garden holdings. The figures The real estate investment trust, which is listed in London and Johannesburg, said its EPRA NAV per share declined 10 per cent in 2019 to [...]
Liberty Steel set to continue US expansion with Bayou Steel purchase December 24, 2019 Liberty Steel Group, part of the Sanjeev Gupta’s GFG Alliance, today announced that it has been named preferred buyer for Bayou Steel, the US firm which has been in administration since the end of September. The deal, which is worth $28m (£21.7m), would see Liberty upgrade and modernise Bayou’s idled steel mill in LaPlace, Louisiana. [...]
De La Rue reveals turnaround plan to slash £35m of costs a year February 25, 2020 Banknote printer De La Rue today revealed its plan to cut £35m in annual costs after it lost a battle to print Britain’s post-Brexit blue passports. Shares soared 20.5 per cent to 147.2p as investors welcomed the plan. The company said it has already slashed £10m in annual costs, and it will target a yearly [...]
Thomas Cook: Customers face two-month wait for holiday refunds September 30, 2019 Refunds for package holidays booked with liquidated UK travel giant Thomas Cook could take up to two months to reach customers, the UK’s aviation body warned today. The Civil Aviation Authority (CAA) said that while direct debit customers can expect refunds within two weeks, other people face a wait of up to 60 days. Read [...]
Netflix under fire after accounts ‘reactivated’ without permission November 28, 2019 Streaming giant Netflix has come under fire after users who cancelled their subscriptions months ago said their accounts had been reactivated without consent. The unwitting customers fell victim to criminals who hacked into their dormant accounts and were able to reactivate them without knowing the user’s bank details, a BBC investigation revealed. Read more: Netflix [...]
Tesco leads FTSE 100 risers as it weighs up Asia sale December 9, 2019 Shares in Tesco rose more than five per cent in early trading today, as investors welcomed reports that the company is exploring a sale of its Asian businesses. The supermarket giant has confirmed that it will launch a strategic review of options for its businesses in Thailand and Malaysia, including a potential sale. Read more: [...]
BHP becomes largest shareholder in Ecuador-focused Solgold November 25, 2019 BHP will become the largest shareholder in Ecuador-focused mining company Solgold, with approximately 14.7 per cent of the firm’s share capital. The Anglo-Australian company will raise its stake from 11 per cent by purchasing 77m new shares for $21.9m (£17.1m) for 22.2p. Read more: Anglo Australian miner BHP appoints new global chief executive Shares in [...]