Flybe in crisis talks with government to stave off collapse January 13, 2020 Struggling airline Flybe is reportedly locked in last ditch talks with the government to defer its multi-million pound air passenger duty (APD) bill as it teeters on the brink of collapse. The airline has asked Whitehall to help it find a way of delaying its APD payments while it struggles with cash flow in the [...]
Flybe ‘near collapse’: What do we know so far? January 13, 2020 Flybe, the biggest regional airline in Europe, is said to be on the brink of collapse. Sky News reports the carrier is engaged in a frantic bid for emergency funding, and the government is also said to be involved in the talks – which come just four months after Thomas Cook went bust in late [...]
Debenhams in talks with Aviva to offload executive pensions January 12, 2020 Struggling retailer Debenhams is in talks with Aviva about the insurer buying out its executive pension scheme, which holds more than £200m assets. Debenhams is closing in on the deal as it shutters dozens of its department stores around the country, Sky News reported. It would guarantee that members of the executive pension scheme enjoy [...]
Harry and Meghan could earn mega bucks outside the Royal Family January 12, 2020 Harry and Meghan’s decision to step back as senior royals could see them earn a huge amount of money in their first year of independence, brand experts said. The Duke and Duchess of Sussex, who announced they were stepping down as senior royals last week, said they are working to become “financially independent”. It remains [...]
Labour leadership race: Rebecca Long-Bailey rejects Corbyn comments that Labour ‘won the argument’ at election January 12, 2020 Labour leadership hopeful Rebecca Long-Bailey has rejected Jeremy Corbyn’s claims that the party won the argument at the election and criticised its campaigning efforts. Corbyn defended Labour’s efforts at the election last month – which delivered the party its worst electoral defeat since 1935 – saying that it “won the argument”. Read more: Long-Bailey gives [...]
ITV holds talks with BT as it eyes Champions League broadcast rights January 12, 2020 ITV is said to be in discussions with rival BT as it looks to secure broadcast rights to Champions League football matches. The public service broadcaster is eyeing up a bid for a package of games held by the telecoms giant after losing out in an auction in November, the Sunday Times reported. Read more: [...]
UK accuses Iran of violating international law for arresting ambassador January 12, 2020 The UK has accused Iran of a “flagrant violation of international law” after its ambassador was arrested returning from a vigil for those who died when the Islamic Republic shot down a passenger plane on Wednesday. Rob Macaire was arrested after the vigil turned into a protest against the Iranian regime, which he was accused [...]
WH Smith faces backlash over new chief executive’s pension package January 11, 2020 WH Smith has been criticised by investors for the size of its new chief executive’s pension contribution. Carl Cowling is being paid a pension contribution worth 12.5 per cent of his salary. The Investment Association has issued its strongest-possible objection to the payment, which it says is not in line with the average employee, as [...]
Stormont talks: Northern Ireland secretary ‘holding the people to ransom’ with deal January 10, 2020 Northern Ireland secretary Julian Smith has been accused of “holding the people of Northern Ireland to ransom” by trade union Unison. Smith and Irish Deputy Prime Minister Simon Coveney announced a draft Stormont deal on Thursday to restore Northern Ireland’s devolved government. Read more: Bridge over troubled waters: Boris backs Scotland to Northern Ireland bridge [...]
Harry and Meghan: Duchess of Sussex returns to Canada ‘to be with son’ as Royal Family try to find ‘workable solution’ January 10, 2020 The Duchess of Sussex has returned to Canada to be with eight-month old son Archie. It comes after Harry and Meghan announced they would be stepping back as senior royals. A spokeswoman said that Meghan had returned to Canada to be with her son, who is thought to have stayed in North America with a [...]