Wizz Air cuts capacity to 50 per cent as quarantine hits demand September 25, 2020 Wizz Air today said it will operate at 50 per cent capacity in October after suffering a slump in demand due to coronavirus quarantine rules. The budget airline said its services will be running at half the normal level next month and would likely remain at the same level throughout the winter if restrictions remained [...]
Cambridge Analytica boss hit with seven-year directorship ban September 24, 2020 The former boss of disgraced consultancy firm Cambridge Analytica has been banned from running limited companies for seven years. Alexander Nix, who led Cambridge Analytica until its collapse in 2018, will be disqualified from acting as a director or becoming involved – directly or indirectly – in the promotion, formation or management of a company. [...]
Veteran journalist and editor Sir Harold Evans dies aged 92 September 24, 2020 Sir Harold Evans, one of the most influential journalists of the 20th century, has died at the age of 92. The former Sunday Times editor, who was known for his crusading investigations, died of heart failure in New York, his wife Tina Brown said. Over a career spanning seven decades Evans worked as a magazine [...]
All Bar One owner Mitchells & Butlers sales slip after Eat Out to Help Out boost September 24, 2020 Pub chain Mitchells & Butlers today reported a drop in sales in September after enjoying a boost from the government’s discount meals scheme. The All Bar One owner posted a 1.4 per cent rise in like for like sales in August thanks to the Eat Out to Help Out scheme and a temporary reduction in [...]
National Express ‘optimistic’ as recovery beats expectations September 24, 2020 National Express today said it was “resolutely optimistic” about its long-term outlook after reporting better-than-expected trading in recent weeks. The coach operator said it was performing “slightly better” than its previously announced base case, which assumed revenue to be 50 per cent lower until the end of August. The company said it had tight cost [...]
Cineworld warns on future as it sinks to $1.6bn loss September 24, 2020 Cineworld shares sunk 15 per cent at the open today after warned it may need to raise cash after the cinema chain sunk to a first-half loss of $1.6bn due to the coronavirus outbreak. The figures Cineworld posted revenue of $712.4m in the six months to the end of June, down 67 per cent on [...]
Former BT boss tapped to lead search for Huawei replacement September 23, 2020 Former BT chief executive and trade minister Lord Ian Livingston has been tapped to find alternative telecoms providers to replace Huawei equipment in the UK’s 5G networks. Livingston has been named as chair of a new government task force that will seek to diversify the country’s telecoms supply chain and reduce reliance on high-risk vendors. [...]
Huawei urges US to stop ‘attack’ on global supply chain September 23, 2020 Embattled Chinese tech giant Huawei has said its global supply chain is under attack from the US and called on Washington to reverse its trade bans. US President Donald Trump’s administration has ramped up its crackdown on Huawei, issuing fresh trade bans designed to limit the telecom company’s access to chips. “The US has modified [...]
Upper Crust owner SSP warns of ‘considerable’ job cuts September 23, 2020 Upper Crust owner SSP today warned of “considerable” job losses as the company attempts to shore up its finances amid a collapse in sales during the coronavirus outbreak. The travel food provider, which also owns brands including Camden Food Co, said it expected second-half sales to be 86 per cent lower year on year, equivalent [...]
Brexit: Government warns of 7,000-long lorry queues in Kent September 23, 2020 Ministers have warned of 7,000-long lorry queues in Kent after the Brexit transition period ends. In a letter to the freight industry cabinet minister Michael Gove warned exporters would face long queues and a two-day delay to trade. Imports will also be disrupted in January, while delays could be worsened if a winter spike in [...]
