British Airways owner IAG sees losses shrink to €2.6bn as Covid travel restrictions ease – CityAM : CityAM November 5, 2021 The owner of British Airways and Iberia, IAG, reported a shrinking €2.6bn (£2.3bn) for the first nine months of 2021, with passenger numbers slowly returning to the skies. For the third quarter, the airlines group reported an operating loss of €452m compared to € 1.9bn for the same period last year. Also Read: Business travel [...]
Mark Kleinman: Will Barclays be able to explain their backing for Staley? November 4, 2021 Sky News’ Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Barclays in the headlines again What is it about Barclays and rough-Diamond bosses? In the end, the surprise was not so much that Jes Staley left the British bank mired [...]
Sky Vegas giving free ‘spins’ to gambling addicts November 3, 2021 The online casino Sky Vegas offered free “spins” to recovering addicts during the industry’s annual Safer Gambling Week, sending promotional messages to those who had opted out or decided to "self-exclude."
Asda’s Issa brothers close to $300m US convenience store takeover November 3, 2021 The billionaire brothers behind EG Group and Asda are almost at the finish line for a deal to acquire Sprint Food Stores, a US convenience store chain, for $300m. The move would mean the tycoons would extend their presence in the US to 33 states, according to Sky News, who first reported news of the [...]
Discover the solar system at home November 2, 2021 Imagine enjoying the sky full of stars while sitting on your sofa. This dream can become a reality thanks to Sega Toys and its series of home planetariums. Flux is the most powerful and most advanced model available to date and takes an incredibly popular planetarium design to refine it even further. Crafted in a [...]
Four more suppliers collapse as UK energy crisis shows no signs of improving November 2, 2021 Four more energy suppliers are set to stop trading from today due to UK’s energy crisis, which brings the total of collapsed firms to 18. Omni Energy, MA Energy, Zebra Power, and Ampoweruk leave some 23,700 domestic and non-domestic customers awaiting a new supplier, which will be appointed by industry regulator Ofgem. It follows fellow [...]
Fishing row: UK welcomes Macron stepping back from Brexit boat threat November 2, 2021 The UK this morning welcomed France having “stepped back” from threats to impose punitive action in a dispute over post-Brexit fishing licences as talks to settle the row continue. Environment secretary George Eustice acknowledged a de-escalation from French president Emmanuel Macron as he held off on the action against British boats that he had warned [...]
‘Unsustainable situation’: Bluegreen becomes 14th supplier to collapse amid energy crisis November 1, 2021 Energy supplier Bluegreen has become the latest casualty amid the UK’s energy crisis, as it confirmed today that it will cease trading. The country’s energy crisis, which has seen prices for gas and electricity hit record levels, has now pushed a total of 14 firms into administration in just two months. Bluegreen, which serves 5,900 [...]
David Beckham’s partner for Seven Global joint venture close to financial collapse November 1, 2021 David Beckham’s joint venture partner is reportedly teetering on financial collapse, which could see the football player gain full control of shared firm Seven Global. Partner GBG International Holding Company, which owns 51 per cent of the consumer products licensing business, is mulling the decision to appoint Teneo Restructuring as administrator, Sky News’ Mark Kleinman [...]
Liz Truss gives France 48 hours to back down in fishing row November 1, 2021 Foreign secretary Liz Truss has set France a 48-hour deadline to reconsider its threats to the UK over fishing row, before the UK takes legal action. Truss accused France of making “completely unreasonable threats,” and behaving “unfairly,” in an interview with Sky News, which first reported the news, at the COP26 climate change summit in [...]