Eurozone comes close to a standstill as activity hits six-year low September 23, 2019 Economists warned the Eurozone was on the verge of stalling this month as demand for goods and services fell at its fastest rate since 2013. Slowing service sector expansion compounded a worsening manufacturing recession to knock the Eurozone’s composite output to a 75-month low of 50.4, according to IHS Markit’s Purchasing Managers’ Index (PMI). Read [...]
Watch the last Thomas Cook plane land in Manchester after collapse September 23, 2019 Passengers on a plane from Orlando to Manchester would be forgiven for breathing a sigh of relief this morning as they became the last Thomas Cook customers to touch down before it went bust, leaving a string of cancellations in its wake. The company, which has been facing financial difficulties for months, shut up shop [...]
Tui share price soars as rival Thomas Cook bites the dust September 23, 2019 Tui’s share price bumped up almost 10 per cent today after Thomas Cook fell into liquidation. Travel operator Tui saw shares rise just shy of 10 per cent before trimming gains to stand 7.7 per cent up at 903p in early trading as its rival collapsed under the weight of a £1.7bn debt mountain. Read [...]
Boris Johnson: Don’t bank on Brexit breakthrough in New York September 23, 2019 Prime Minister Boris Johnson played down hopes of a breakthrough in Brexit negotiations as he jetted off to New York this morning. Johnson, who is set to speak to the German and Irish leaders when in the US, cautioned reporters that the trip may not be “the moment.” Read more: Sadiq Khan fires warning shot [...]
Thomas Cook falls into liquidation as rescue talks collapse September 23, 2019 Thomas Cook has collapsed into liquidation after failing to find the £1.1bn required to keep it afloat. Talks collapsed overnight to sink the holiday firm, leaving around 150,000 British holidaymakers stranded abroad. Read more: Thomas Cook teeters on the brink as 11th hour talks look set to fail The government will now charter dozens of [...]
Boris Johnson blames Iran for drone attack on Saudi oil September 23, 2019 Boris Johnson this morning pointed at Iran for the drones that struck Saudi Arabia’s oil infrastructure, the first time the UK has assigned blame after the attack on 14 September. Johnson said that Iran was likely responsible for the attack, which took out about half of state producer Saudi Aramco’s oil production, while causing oil [...]
Mike Ashley kicks off £4m takeover for Goals Soccer Centres September 23, 2019 Goals Soccer Centre has said it is discussing a takeover bid with high street tycoon Mike Ashley after his Sports Direct said it wanted to take the company private, valuing it at £3.76m. Sports Direct, of which Ashley is the main shareholder, said it was offering 5p a share for the just over 80 per [...]
Advertisers need to get in on the streaming revolution September 23, 2019 TV consumption habits have undergone a revolutionary shift. It started with the arrival of players like Netflix, and a decade later, it’s rapidly accelerating as new platforms like Amazon Prime Video and BritBox enter the space. These new entrants are being spurred by consumer demand – 63 per cent of UK consumers stream today, with [...]
Debate: Should rail firms be rewarded for running trains on time? September 23, 2019 Should rail firms be rewarded for running trains on time? Yes – Matt Gillow is a research associate at the Adam Smith Institute. Transport secretary Grant Shapps isn’t just offering incentives for operators to deliver an agreed service, but repercussions if they fail. If big rail monopolies commit to a service and fail to deliver [...]
No business is an island in the fight against climate change September 23, 2019 Last Friday, adults joined forces with students to inspire a call to action on the Earth’s climate and ecological emergencies. More than a thousand Amazon employees planned a walkout, and we saw the Trade Union Congress urge their members to support climate strikers. Regardless of what you think of people taking time off work to [...]