London Southend Airport owner’s shares slump after demand to repay £200m loan early January 23, 2024 The owner of London Southend Airport is facing the potential of repaying a near-£200m loan early after being hit by new allegations.
Travel businesses need to be eligible for government energy cap September 8, 2022 Travel businesses should be eligible for the government’s cap on energy bills, according to travel association ABTA. ABTA, which represents UK travel agents, said the sector should receive financial support as it is heading into the low travel season with many companies still recovering from the pandemic’s impact. “With a fiscal statement expected later this [...]
Open banking should expand ‘systematically’ as fintech criticises ‘data protectionism’ of big banks August 14, 2023 Regulators should expand open banking rules “systematically” in order to save customers thousands of pounds across a variety of different financial products, experts told City AM. With stakeholders consulting on the next stages of open banking, many in the sector have suggested regulators need to be bold in expanding data sharing rules into new financial [...]
London Southend Airport owner Esken proposes settlement agreement over £194m loan February 5, 2024 The owner of London Southend Airport has proposed a settlement agreement over demands to repay a £194m loan early.
Hospitality firms plead for urgent detail on energy support September 20, 2022 Pubs and restaurants are “still in the dark” about how energy support promised by the government will help them “to not only survive but thrive again.” Prime Minister Liz Truss is set to unveil more details about a six-month scheme to support businesses on Friday, after promising firms equivalent aid to an energy price cap [...]
Mecca owner Rank warns of ‘challenging’ road ahead amid inflationary pressure August 18, 2022 Mecca owner Rank has warned of a "challenging" road ahead this morning, as the gambling giant faces inflationary pressure and dwindling demand.
Joules calls in administrators as rescue talks collapse November 14, 2022 Fashion and lifestyle firm Joules announced it had called in administrators and suspended trading on the London Stock Exchange this morning after emergency rescue attempts failed last week.
As GDP contracts again top wonk warns malaise ‘spreading throughout economy’ November 11, 2022 The slowdown in growth is now “spreading throughout the economy”, a top economist has said in wake of this morning’s disappointing GDP figures. The leading wonk at the Institute of Directors warned of major contractions in multiple sectors following news of a 0.2 per cent fall in GDP this quarter, and a 0.6 per cent [...]
City of London grandees lay out vision for UK markets after bruising few months May 15, 2023 A group of City of London grandees are drawing up a “new market model” for the UK’s capital markets after a bruising few months in which the capital has been rocked by negative headlines and a slew of firms heading towards New York.
Boohoo amps up stake in troubled Revolution Beauty to 26 per cent November 28, 2022 Fast fashion retailer Boohoo has upped its stake in Revolution Beauty, as the troubled cosmetics firm announced a new chief. The online retailer said it had upped its strategic investment in the lipstick seller to 26.47 per cent of its issued share capital. Boohoo, which sells Revolution cosmetics on a number of its websites and [...]