Thomas Cook sells Egypt and Lebanon businesses for £6.5m October 7, 2013 Thomas Cook has sold Thomas Cook Egypt and Thomas Cook Lebanon. (Release) The travel agent today announced that the businesses have been sold to Yusuf Bin Ahmed Kanoo for a cash consideration of £6.5m. Harriet Green, chief executive, Thomas Cook Group plc said: I am pleased to report further progress on our rapid transformation of [...]
What you need to know before the open – 07/10 October 7, 2013 Markets continue to be muted by ongoing shutdown in Washington – we're now on day seven – with fingers crossed for an agreement on the raising of the debt ceiling in time for the 17 October deadline. Asian markets closed down on US concern, and it is expected that the deadlock will mean sanguine European [...]
Bosses call for flat income tax October 7, 2013 THE HEAD of one of Britain’s leading business groups called for a flat tax yesterday, suggesting that it would benefit families whose marginal tax rates have been hiked by the loss of child benefit. Speaking on Sky News’ Murnaghan show, Simon Walker, head of the Institute of Directors (IoD), said a flat tax would boost [...]
City of London is considering car-free roads around Bank October 7, 2013 RADICAL plans to pedestrianise some roads around the Bank of England are being considered by the City of London Corporation, as it looks to cut traffic in the Square Mile and meet the demands of the area’s growing workforce. The plans, known as the Bank Area Strategy, include increasing the areas for pedestrians, making roads [...]
Brokers stay up late to handle Royal Mail rush October 7, 2013 STOCKBROKERS are preparing to stay open until midnight tomorrow as the public rush to buy shares in Royal Mail, with demand fuelled by claims that the government is privatising the company on the cheap. The 497-year-old postal service is set to pass out of public hands on Friday, with shares expected to price in the [...]
Tory ministers quit ahead of an expected reshuffle October 7, 2013 TWO CONSERVATIVE members of the government resigned last night as David Cameron prepares for a government reshuffle that is set to include promotions for a number of female Tory MPs. Chloe Smith, a cabinet office minister who has represented Norwich North since 2009, and long-serving deputy chief whip John Randall last night released statements saying [...]
Conservatives reject calls for vote on EU exit October 7, 2013 CONSERVATIVE MPs yesterday rejected calls from a rebellious colleague to hold a vote on Britain leaving the EU in 2014, attacking him for shattering the party’s concensus on the issue. Adam Afriye, the ambitious MP for Windsor, yesterday announced he would table an amendment to the existing EU referendum bill that would require a vote [...]
Egypt clashes kill at least 51 October 7, 2013 At least 51 people were killed in clashes in Egyptian cities yesterday, security sources said, after opponents and supporters of deposed president Mohamad Mursi took to the streets in one of the bloodiest days since the army seized power. In a sign of more possible violence to come, an alliance including Mursi’s Muslim Brotherhood urged [...]
Aer Lingus offers wi-fi on flights October 7, 2013 Aer Lingus has today become the second European airline to launch wi-fi access on transatlantic flights. The Irish company is understood to have introduced wireless internet access on flights to the US, fitting the satellite technology on seven of its Airbus A330 aircraft. The news comes after Germany’s Lufthansa introduced wi-fi on north Atlantic routes [...]
Six bid for biscuit maker Burton’s October 7, 2013 More than six bidders have tabled offers for Britain’s second largest biscuit maker Burton’s. Apax Partners, Capvest, Charterhouse and Pamplona Capital are understood to be among the private equity firms that have expressed an interest in the company, according to Sky News. The sale of Burton’s which also owns Wagon Wheels and makes biscuits for [...]