Travel disruption gives easyJet £130m loss but flights filling up for next quarter July 26, 2022 Travel disruption due to short-staffing led to easyJet suffering a £130m loss in the three months ending in June. The low-cost airline had a pre-tax loss of £114m due to the impact of cancellations, but its earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) was a profit of more than £100m. [...]
Lastminute.com: CEO and COO arrested over covid fund misuse claims July 25, 2022 Lastminute.com has appointed an interim CEO following the dramatic arrest of its two directors in Switzerland. The online travel company was rocked on Monday when Fabio Cannavale (CEO) and Andrea Bertoli (COO) were held by Swiss authorities, under investigation for allegedly misusing Covid support funds. In a statement issued on Monday, the company said it [...]
Sausage roll-ing in to town: Greggs and Primark launch new fashion range with ‘snackfest’ tour July 25, 2022 Greggs and Primark are teaming up for a new clothing range, which will be launched on a ‘snackfest’ UK bus tour. The kings of sausage rolls and low cost clothes announced the new range on social media this morning. Gregs and Primark, which collaborated on a similar project earlier in the year, announced the range [...]
Drought Council to meet tomorrow with hosepipe bans on the table if hot weather continues July 25, 2022 The National Drought Council is set to meet this week amid a possible hosepipe ban in wake of one of the hottest and driest summers on record. The Environment Agency body will gather to discuss options should the hot weather and lack of rainfall continue into August. This comes after the UK recorded its hottest [...]
Exclusive: Pensioners should get stamp duty break if they downsize home, house-buyers’ group says July 25, 2022 To ease the housing crisis, pensioners may be pushed into downsizing their homes and getting a tax break on stamp duty in return. The National Association of Property Buyers (NAPB) said the incentive would free up supply of housing and cool house prices, while also redoing the need for equity release. This comes after the [...]
Zelensky: Russia cannot be trusted to hold up grain deal after ‘barbaric’ Odessa strike July 25, 2022 Ukraine’s president condemned Russia’s “barbarism” following a strike on Odessa, as he said the Kremlin cannot be trusted to observe a grain exportation deal. President Volodymyr Zelenskiy hit out after Saturday’s attack by Moscow, in wake of an agreement facilitated by Turkey for Kyiv to resume exports from Black Sea ports like Odessa. The deal [...]
The Gym Group’s chair of directors will retire with its founder taking over the role July 25, 2022 Chair of directors for low cost exercise giant the Gym Group has announced she is retiring, having been at the helm since its IPO in 2015. Penny Hughes will step down as the chair of The Gym Group board of directors today, with founder and director John Treharne taking over the role. During her time [...]
Motorists driving off without paying at pump could cost forecourt operators £100m in 2022 July 22, 2022 A spike in drivers not paying for fuel due to high prices could cost forecourt operators more than £100m in 2022. There has been at 2,054 incidents of drivers refusing to pay at the pump so far this year in the capital, according to a Freedom of Information Request submitted by City A.M., and sent [...]
Barcelona FC take step to financial safety with further £255m boost from US investment firm Sixth Street July 22, 2022 Spanish football titans Barcelona have taken another step to securing financial security, with a further £255m cash boost from a US investment giant. The debt-ridden Catalan club secured additional cash from Sixth Street to the tune of €300m (£255m), days after unveiling their latest landmark signing, striker Robert Lewandowski. Sixth Street bought a 15 per [...]
Ukraine grain crisis set to end with Turkey facilitating Kyiv-Moscow deal July 22, 2022 The global grain crisis caused by Russia’s blockade of Ukrainian ports is set to end when the two countries sign a deal today facilitated by Turkey. Kyiv and Moscow will reportedly agree to allow the export of grain through Ukraine’s Black Sea ports, spurring hopes that the shortage of supply will end and prices will [...]
