Corporate sponsors review links to Duke of York’s Pitch@Palace scheme after disastrous interview November 18, 2019 FIRMS are under scrutiny over their support for Prince Andrew’s Pitch@Palace initiative, as the fallout from the Duke of York’s weekend interview regarding his relationship with convicted sex offender Jeffrey Epstein continues. Founding partner of the entrepreneurs’ mentoring scheme KPMG is said to have decided not to renew its sponsorship, which expired at the end of last month. It [...]
Easyhotel bidders secure takeover despite founder’s protests August 21, 2019 Real estate investors Ivanhoe Cambridge and Icamap have secured their takeover of Easyhotel, despite protests from founder Sir Stelios Haji-Ioannou. The bidders, who have formed a joint venture named Citrus UK, said they hold or have received acceptances for more than 50 per cent of the company’s voting rights. Read more: Easyhotel urges investors to [...]
Stelios urges investors to reject Icamap’s £139m Easyhotel bid August 5, 2019 Easyhotel founder Sir Stelios Haji-Ioannou has called on shareholders to reject a £139m bid for the business, saying it fails to recognise the company’s “true value”. Real estate fund Icamap made the 95p per share bid for the hotel chain this morning alongside developer Ivanhoe Cambridge. Read more: Satellite giant Inmarsat ditches dividend ahead of [...]
Easyjet (EZJ) share price rises as it narrows losses and first-half revenue soars by 20 per cent to hit £2bn May 15, 2018 Easyjet racked up revenue topping £2bn for the first time in its first-half results, citing a boost from failed rivals and soaring ancillary sales. It also trimmed its loss, from £236m for the six months ended 31 March 2017 to £68m for the same time this year. The loss is mainly due to the costs [...]
Easyjet founder Stelios Haji-Ioannou launches conveyance comparison tool, Easyconveyance April 9, 2018 Easygroup, the parent company behind brands like Easyjet, is expanding further into the property sector by launching Easyconveyance, a new conveyance comparison tool. The online platform, which launched today, allows home buyers and sellers to compare conveyancing quotes online from over 200 conveyancing and property solicitors’ firms across the UK. The website also allows buyers [...]
Sir Stelios plans to keep up the pressure on EasyJet’s board after protest vote at annual general meeting February 9, 2017 Sir Stelios Haji-Ioannou plans to keep up the pressure on EasyJet’s board after grilling them with a series of questions over a sale and leaseback deal at today’s annual general meeting (AGM). The airline’s founder and now its biggest shareholder, put a raft of questions to directors over a sale and leaseback deal for 10 aircraft at [...]
EasyJet founder Sir Stelios Haji-Ioannou announces protest vote against fleet expansion as shares slide January 24, 2017 EasyJet founder – and largest shareholder – Sir Stelios Haji-Ioannou is not impressed with the airline's latest update and is making a protest vote at the upcoming annual general meeting (AGM). He said EasyGroup, which owns a third of the airline's shares, had noted the airline's first quarter update "and the share price slump that has ensued" [...]
Fastjet’s share price drops as it announces plans to raise funds to turn around fortunes in tough market June 28, 2016 African budget airline Fastjet has announced plans to raise funds to overhaul its operations amid a challenging environment. The airline has said that its operating environment "remains challenging" as it continues to cope with lower than expected passenger numbers and negative cashflow. Read more: Turbulent year hits African budget airline Fastjet The Africa-focussed airline's share price [...]
Sir Stelios Haji-Ioannou urges Fastjet shareholders to vote to remove chairman Colin Child June 13, 2016 EasyJet founder Sir Stelios Haji-Ioannou has written to shareholders of African budget airline FastJet and urged them to vote to remove the company's chairman at its annual meeting which will take place in London next Tuesday 28 June. Shares in FastJet were down 7.8 per cent in mid-afternoon trading. Haji-Ioannou owns around 12 per cent of FastJet's stock through his [...]
EasyGroup boss Sir Stelios Haji-Ioannou slams Fastjet for reporting 2015 results “two months late” June 2, 2016 Entrepreneur Sir Stelios Haji-Ioannou has issued another attack on African budget airline Fastjet, over its financial results for 2015, which were released earlier today. The low-cost carrier reported that revenue grew 21 per cent to $65.1m (£45.1m) from $53.8m in 2014, and also said it had narrowed its post-tax loss for the year to $16.9m from $58.5m. Haji-Ioannou, whose [...]