Thomas Cook on the brink of collapse: What happens now? September 20, 2019 Thomas Cook could collapse as early as Sunday if it cannot find another £200m to seal a rescue deal. The historic British company said it is in talks to find the extra cash with stakeholders like top shareholder Fosun and lenders. Read more: Thomas Cook’s share price crashes as investors demand another £200m But even [...]
FTSE 100: Stocks muted as investors keep eye on Brexit talks and US-China trade war September 20, 2019 European markets have remained muted this morning as traders keep an eye on US-China relations and Brexit trade talks. European stocks opened quietly this morning, with the FTSE 100 and Dax both starting slightly down. Rolls Royce led the blue-chip fallers as shareholders wobbled over the company’s longer-than-expected problems with its Trent 1000 engines. Read [...]
Thomas Cook share price crashes as lenders demand extra £200m to seal rescue deal September 20, 2019 Thomas Cook’s share price plunged more than 15 per cent in early morning trading after it confirmed lenders are demanding an extra £200m as part of efforts to rescue the world’s oldest holiday company. The embattled travel operator said today that investors want £200m to finalise a restructuring strategy, coming on top of a further [...]
The coolest homes to see this Open House London weekend September 20, 2019 This Saturday and Sunday, buildings across the capital will throw open their doors for Open House London, giving the public a peek into grand stately homes, imposing City skyscrapers and ornate government buildings. But also on the list are ordinary people’s homes, chosen for their unusual architecture or interesting interiors. Whether you’re looking for inspiration [...]
Legal Q&A: I own a leasehold flat. Can my landlord charge me £5,000 to remove an inside wall? September 20, 2019 Carrying out works to your flat and finding out whether or not your landlord is entitled to charge a premium or other costs is a very common problem. The answers will lie in your lease. Generally, you need to check what it says with regard to these two points: Firstly, does your lease permit you [...]
Tottenham Hotspur refinance more than £600m of stadium debt to secure financial future September 20, 2019 Tottenham Hotspur have refinanced £637m of loans taken out to help build its new £1.2bn stadium. The club borrowed the lump sum from Goldman Sachs, Bank of America and HSBC to support the arena’s construction and were due to pay it back in full by April 2022. Read more: Olympiacos 2-2 Tottenham: Spurs stuck in [...]
Property of the week: Beer fans will lap up this Chiswick mansion with links to historic brewery September 20, 2019 Steeped in brewing history, this home that has come to the market in West London could be the perfect pad for a beer lover. Records suggest it was built soon after 1700 when it was used as a pub with links to the local brewery – though some of its foundations date back to an [...]
Selling your home? The price must be right… September 20, 2019 It’s a common refrain: “Number 22 sold for this much, but mine is worth more than that!” Whether you like it or not, British pride and financial security is based heavily on the value of our homes. Often, though, the price you have in mind is not necessarily what you get when you decide to [...]
British Airways reinstates half its flights for 27 September as pilots cancel strike September 20, 2019 British Airways has restored around half of the 800 flights originally scheduled for 27 September after pilots announced they will no longer be striking next Friday. The airline has announced that customers whose flights had been cancelled due to the intended strikes can now rebook onto these flights if they wish. Read more: BA pilots [...]
Google plugs €3bn into European data centre expansion September 20, 2019 Google is set to pour another €3bn into European data centres over the next two years as it moves to expand its reach across the continent. The money includes a fresh €600m for Finland’s Hamina data centre, bringing Google’s investment in the location to €2bn since 2009. Read more: Review: Why the Google Nest Max [...]