Thomas Cook hits back after rumours over Chinese owner selling its stake November 15, 2022 Thomas Cook has pushed back against reports that its Chinese owner Fosun Tourism Group was looking to sell its stake in the company. “Fosun Tourism Group has no plans to sell Thomas Cook,” a Thomas Cook spokesperson told City A.M. Sources today told Sky News’ Mark Kleinman that the Chinese powerhouse was contemplating either raising [...]
Sunak says UK-China dialogue needed to solve ‘global challenges’ November 15, 2022 Rishi Sunak has said the UK and China need to stay in dialogue to solve “big, global challenges” in a backdown from his hawkish stance during the Tory leadership contest. The Prime Minister today said China was a “systemic challenge both to our values and our interests” and the “biggest threat to our economic security”, [...]
Raab row: Civil servants union boss says bullying concerns exist over ‘dozens of ministers’ November 15, 2022 As Dominic Raab faces allegations of bullying, the head of the civil servants union has raised concerns about “dozens of ministers” conduct. Dave Penman, chair of the FDA union, made his comments on Sky News after reports about Dominic Raab being labelled the ‘incinerator’, and Sir Gavin Williamson also quitting over bullying claims. He said [...]
Vodafone shares slump as it ups cost savings and slashes earnings November 15, 2022 Vodafone shares are on track to hit their lowest point since 1997 this afternoon, paving the way for things to go from bad to worse for the FTSE 100 firm. Not only did the telecoms giant slash its forecasts for the coming year, but it also announced a new cost savings target of over €1bn [...]
Airbus chief: A China-West economic divorce remains unlikely November 14, 2022 The economic relationship between China and the West will never be truly over, Airbus’s chief executive Guillaume Faury has said. According to the chief executive, despite current economic and political tensions, the two blocks are too intertwined to sever all ties, as this would lead to a global economic collapse. “I think a breakup of [...]
I stayed at the real White Lotus hotel in Sicily – it’s as OTT as it looks on the show November 14, 2022 Season two of The White Lotus has traded Hawaii for Sicily. There weren’t any hints in season one of the hugely popular show that The White Lotus hotel is a chain, but it turns out it might be a fictional Four Seasons – one where its inhabitants have an unlucky habit of winding up dead [...]
Locals slam Sky Studios new Elstree movie hub November 14, 2022 Locals have slammed Sky Studios’ plans to expand its Elstree film and TV hub, which could create 2,000 new jobs for the local area according to the media giant. Dubbed Sky Studios Elstree North, the plans – which are subject to planning permission – would take the total number of soundstages onsite to 23, and [...]
Mike Ashley’s Frasers in late stage talks for Gieves & Hawkes takeover November 14, 2022 Frasers Group is reportedly in late stage talks to seal a deal for Gieves & Hawkes, a beleaguered tailor which previously dressed Sir Winston Churchill and Queen Elizabeth II. Mike Ashley’s empire is swooping in for the Savile Row retailer after its Hong Kong-based owner fell into administration, Sky News first reported. The popularity of [...]
Octopus pushes for Bulb deal after approval delayed by rivals’ intervention November 11, 2022 Further delays in the sale of Bulb Energy are not in the interests of customers or the British taxpayer, argued incoming buyer Octopus Energy.
Sunak must choose between protectionism or global strength to remake Britain November 11, 2022 Sunak must reunite both party and country, which is in need of strong direction and thoughtful leadership.