Thomas Cook liquidators secure bids for valuable airport slots October 16, 2019 The liquidators of collapsed airline Thomas Cook are said to have secured bids from some of the UK’s largest carriers after kicking off an auction of dozens of UK airport slots. KPMG set a deadline of 5pm today for bids for the take-off and landing slots as part of an auction that could raise tens [...]
The Hundred draft: How it will work, when it is happening and where to watch it October 16, 2019 English cricket is set to break new ground this weekend when a draft process takes place for The Hundred ahead of next summer’s much-anticipated start date. The look of the new eight-team, 100-ball competition, due to run from 7 July to 16 August 2020, has been gradually rolled out. Over recent months, the format, team [...]
Jobs at risk as Jessops boss mulls rescue plan October 16, 2019 The owner of struggling camera retailer Jessops, Dragons Den star Peter Jones, is preparing to appoint administrators in a bid to rescue the firm, in a move that could lead to store closures and rent cuts. JR Prop Limited, the manager of the retailer’s leasehold property estate, has filed a notice of intention to appoint [...]
Sir John Kingman says lack of government action putting audit reform at risk October 15, 2019 The author of a report into the future of the audit regulator warned today that lack of government action risks letting the watchdog “drift on, half-reformed”. Former mandarin Sir John Kingman undertook the report into the Financial Reporting Council (FRC) following the failure of outsourcer Carillion in 2018. Kingman expressed his concerns in a letter [...]
Animation firm DNEG eyes £150m London listing October 15, 2019 Digital effects and animation company DNEG said today it was considering a London float to raise £150m. The London-based firm said it was weighing a main market listing with plans to sell £150m-worth of new shares and an offer of existing shares to be sold by current shareholders. DNEG has worked on films such as [...]
Michel Barnier: Brexit deal ‘still possible this week’ despite difficult talks October 15, 2019 The EU’s chief Brexit negotiator, Michel Barnier, said today that reaching a fresh Brexit deal “will be difficult” but that it “is still possible this week”. Barnier told EU ministers in Luxembourg that Brexit negotiations with the UK are “intense” and that “our team are working hard”. Read more: Sterling creeps back up as hopes [...]
European Championship revamp keeps football open to all October 13, 2019 Every time Indiana Jones takes a plane, his journey is illustrated by a red line moving gradually towards its destination, the aircraft pivoting now and again to refuel as it traverses continents. For those still recovering from trying to understand the Uefa Nations League, the Raiders of the Lost Ark motif helps explain what will [...]
Rees-Mogg urges Brexiteers to trust Boris Johnson on Brexit negotiations October 13, 2019 Arch-Brexiteer Jacob Rees-Mogg has said compromises over Brexit “are inevitable” as he seeks to get leavers to trust Boris Johnson. Rees-Mogg wrote in The Telegraph today that Brexiteers must get behind any deal the prime minister strikes with the European Union in a message aimed at members of the Eurosceptic European Research Group (ERG). Read [...]
Corbyn leans toward a general election before a second Brexit referendum October 13, 2019 Opposition leader Jeremy Corbyn has hinted Labour is more likely to back a general election before a second Brexit referendum. Opinion is mixed within the party whether Labour should agree to a general election if the government is forced to seek a Brexit extension past 31 October. Read more: PM to wave through Corbyn’s election [...]
Revolut in bid to raise £1.2bn and become Europe’s most valuable fintech firm October 12, 2019 Fintech firm Revolut is seeking to raise £1.2bn from its investors in the coming months. The British-Based payment firm has hired investment bank JP Morgan to arrange a £395m equity raise and issuance of a £790m convertible loan, according to Sky News. Read more: Martin Gilbert to step down from Stand Life and join Revolut [...]