Cathay Pacific re-runs New Year tickets gaffe as it sells first-class travel for economy prices January 14, 2019 Passengers flying on Cathay Pacific were again able to pick up cut-price first class tickets after a bug hit the airline’s website over the weekend. Tickets from Portugal to Hong Kong were being sold for $1,512 (£1,179) instead of their usual $16,000 on Sunday, the South China Morning Post reported, adding to a list of [...]
New Look aims to cut debt by £1bn in restructuring plan January 14, 2019 New Look will cut debt by £1bn as part of a restructuring deal agreed with investors, the fashion retailer announced this morning. The company has agreed a debt-for-equity swap proposal to reduce debt from £1.35bn to £350m. The firm also announced a new capital raise of £150m through the issuing of new bonds. The firm [...]
No Brexit is more likely than a no-deal Brexit, Theresa May warns on eve of parliament’s crunch vote January 14, 2019 Prime Minister Theresa May is set to warn MPs today that no Brexit at all is the most likely outcome if parliament blocks her EU exit agreement tomorrow. May is expected to urge lawmakers to back her deal in tomorrow’s crunch parliamentary vote in order to secure Brexit, saying a no-deal Brexit is less likely [...]
Debenhams may shut 90 stores and slash 10,000 jobs in rescue plan January 14, 2019 Debenhams could cut 10,000 jobs as part of a desperate attempt to keep the company afloat amid plunging profits and a dramatic boardroom coup. The struggling department store has earmarked as many as 90 high street stores for closure, the Daily Telegraph reported yesterday. Debenhams had already announced plans to close 50 of its 165 [...]
Revolution Bars suffers share price drop in wake of profit warning January 14, 2019 Cocktail group Revolution Bars saw its share price dive this morning as it became the latest UK retailer to issue a stark profit warning, in spite of a Christmas boost for the business. Shares in early morning trading plummeted 17 per cent as the Manchester-based group warned of an expected 20 per cent drop in its [...]
As competition heats up, meet the energy company taking on the Big Six by cutting consumption January 14, 2019 You know the drill: energy companies lure you in with a cheap introductory rate, and once it expires, you’ve either got to repeat the hassle of shopping around for a new deal, or you’re automatically moved onto the provider’s expensive default tariff – otherwise known as the standard variable rate (SVR). This isn’t a glitch [...]
For heaven’s sake, just pay your interns January 14, 2019 It is 2019, and workplace inclusion, diversity, and equality remain key conversation topics for leading businesses. But many young people are still being put at an unfair disadvantage by the extensive number of unpaid internships that still exist. A recent survey from the Sutton Trust found that one in four graduates has completed an unpaid [...]
Let Jeff Bezos be a lesson: Have a plan for if your marriage ends January 14, 2019 Amazon chief Jeff Bezos and his wife MacKenzie have announced that their marriage is ending, likely leading to the largest divorce settlement in history. Though the couple has asserted that their separation will be amicable, the divorce proceedings could still be complex, highlighting the risks to entrepreneurs when marriages end. The law in Washington State, [...]
Britain’s economic hopes rest not on productivity, but happiness January 14, 2019 They were the best of times, they were the worst of times. Thank you, Dickens, for words that capture the daily diet of our much-divided Britain. Happiness seems to be much on our minds, mainly because it seems so difficult to attain and then maintain. Next week we face Blue Monday, allegedly the most depressing [...]
Goals Soccer Centres miskicks on profits as US sales slow January 14, 2019 Goals Soccer Centres today warned that it is set to miss the target on its full-year profits. The five-a-side football firm blamed the mis-hit on slower US growth and tight margins in “ancillary activities” such as food and drink, sending shares down 2.8 per cent in early morning trading. As a result, Goals expects profits [...]