United Airlines boss Jeff Smisek steps down amid ongoing Port Authority investigation September 9, 2015 United Airlines boss Jeff Smisek has left the company with immediate effect, following a company investigation into an ongoing federal probe. Smisek is stepping down alongside United's executive vice president of communications and government affairs Nene Foxhall and its senior vice president of corporate and government affairs Mark R. Anderson. “The departures announced [...]
Ryanair’s share price jumps 10 per cent as it raises profit forecast 25 per cent after discovering being nice to customers can really pay off September 9, 2015 Ryanair's share price leaped 10 per cent on the open this morning after raising its full year profit guidance by 25 per cent, as its bid to win over customers with an improved service takes off. The budget airline said full year net profit would now come in between €1.175bn and €1.225bn, up from previous [...]
Quindell buys remaining stake in loss-making PT Health September 9, 2015 Troubled insurance outsourcer Quindell has acquired the remaining 50.1 per cent stake in Canadian rehabilitation provider PT Healthcare Solutions. Quindell is issuing nearly 9.5 million shares for the acquisition, which is expected to close in mid-October. The deal will require approval from two-thirds of votes cast by holders of PT Health's common shares. [...]
Bargain Booze parent Conviviality Retail’s share price soars as confirms its buy out of Matthew Clark from Punch Taverns and Hertford Cellars for £200m September 8, 2015 Bargain Booze parent company Conviviality Retail's share price leaped this morning after confirming it is buying out wholesaler Matthew Clark for £200m. The deal, a reverse takeover that will be subject to shareholder approval, is being struck via Conviviality's subsidiary Conviviality Brands, and will create a major player in the industry with a combined annual turnover [...]
Watch out Mike Ashley: Unite the union protesters to target Sports Direct AGM dressed as Dickensian workers over “Victorian” zero-hours contracts September 8, 2015 Sports Direct's AGM tomorrow is set to be an even more lively affair than usual. Unite the union has revealed plans for a protest outside the AGM with members dressed as Dickensian workers. They will be demanding "an end to ‘Victorian’ work practices at the retailer’s nearby Shirebrook warehouse and that the company pays [...]
Transport for London’s Night Tube is unlikely to launch until March 2016 as negotiations with unions stall September 8, 2015 The Night Tube dream is turning into a never-ending nightmare, it seems. London's much-vaunted 24-hour service is looking unlikely to launch this side of Christmas, with sources telling City A.M. it could be as late as March before it rolls into action. Transport for London had originally ear-marked this weekend (12 September) as [...]
RSA Insurance Group’s share price climbs as it sells Latin America business to Suramericana for £403m September 8, 2015 Insurance group and takeover target RSA has sold its Latin American arm for £403m cash. The business, which is currently being wooed by Zurich, has inked the deal with Suramericana, the insurance subsidiary of Grupo de Inversiones Suramericana – more commonly known as Grupo Sura. RSA Latin America had total assets of £1.34bn [...]
London Midland train evacuated as smoke billows from carriage, Birmingham services blocked September 8, 2015 Commuters using a London Midland train were evacuated at the peak of rush hour this morning, after a carriage caught on fire. Smoke was seen rising from a train at Warwick Parkway station shortly after 8am this morning. Services between Birmingham Snow Hill and Stratford are currently suspended, with some trains being terminated at [...]
Wealthy foreign students paying three-times average Brit on renting luxury flats in London locations Mayfair, Knightsbridge and South Kensington September 8, 2015 Wealthy foreign students are paying three-times the average Briton's salary to rent out luxury flats in desirable London locations such as Mayfair, Knightsbridge and South Kensington, a new report claims. London receives around 107,000 international students each year, who pay a total of £600m in rent, according to the study by lettings agent E [...]
