European Commission approves €3.4bn KLM bailout July 13, 2020 The European Commission has approved a €3.4bn (£3.1bn) bailout of the Dutch wing of Air France-KLM, despite objections from Ryanair boss Michael O’Leary. The rescue package, which was agreed last month, will see the Dutch government guarantee a €2.4bn loan from a consortium of banks, as well as providing €1bn in loans itself. When the [...]
Fares now reinstated on all London buses July 13, 2020 Fares have now been reinstated on all London buses, Transport for London announced today, with enhanced safety measures meaning that passengers can now enter through the front doors. Travellers will now be required to touch in with Oyster, contactless and concessionary cards on all buses in a return to traditional arrangements, following the suspension of [...]
Outsourcing giant G4S to cut 1,150 jobs in restructuring July 13, 2020 Outsourcing giant G4S will cut more than 1,000 jobs as part of a restructuring of its cash solutions division, the firm today announced. In total the firm will get rid of 1,150 roles, with most of these expected to fall in the cash handling division. The redundancies, which were first revealed by union GMB, were [...]
UK airports renew business rates relief calls as job losses loom July 13, 2020 The UK’s airports have renewed their calls for the government to scrap business rates as the near-complete collapse in passenger numbers due to the coronavirus pandemic continued. The Airport Operators Association (AOA) today appealed to ministers to give airports a year of business rates relief in line with those received by members of the hospitality, [...]
Quiz suspends supplier after Leicester factory exploitation claims July 13, 2020 Fashion brand Quiz has suspended one of its suppliers after reports that the supplier was failing to pay workers at a factory in Leicester the minimum wage. Over the weekend, an investigation by the Times found that the supplier had offered employees just £3 an hour to make clothes for the brand. The minimum wage [...]
Derwent London to sell two Soho properties to Travelex founder July 13, 2020 Property developer Derwent London has inked a deal to sell two properties in Soho to Travelex founder Sir Lloyd Dorfman’s family property interests for £40.5m. The sale includes the long leasehold interest on 2 and 4 Soho Place, part of Derwent’s Soho Place development scheme, which is due to be finished in 2022. The deal [...]
Coronavirus: Herefordshire farm locked down after 73 cases confirmed July 13, 2020 A farm in Herefordshire has been locked down after 73 of its workers tested positive for coronavirus, it was announced yesterday. Public Health England and Herefordshire council said that up to 200 employees at the farm had been asked to self-isolate due to the outbreak at vegetable producers AS Green and Co. Workers at the [...]
End of quarantine: Where can you go on holiday this summer? July 3, 2020 The government has revealed the full list of countries holidaymakers from England will be able to travel to without needing to quarantine on return from 10 July. In total, 59 countries are included on the list, along with the 14 British Overseas territories, Ireland, the Channel Islands and the Isle of Man. As expected, the [...]
Intu boss quits after landlord falls into administration July 3, 2020 The boss of Intu has stepped down a week after the UK’s biggest shopping centre owner went into administration having failed to agree a last minute deal with lenders. Administrator KPMG told staff that Matthew Roberts, who took over the top job last year after nine years as the firm’s finance chief, had quit, Sky [...]
Jean Castex appointed French PM in cabinet reshuffle July 3, 2020 French president Emmanuel Macron has appointed local mayor Jean Castex as prime minister following this morning’s resignation of Edouard Philippe. Castex, who masterminded France’s exit from the coronavirus lockdown, will be tasked with forming the new government, the Elysee palace said. The overhaul is part of a push from Macron to “reinvent” centrist party En [...]
