Thomas Cook pension funds in talks over buyout deal September 27, 2019 Thomas Cook’s pension funds are in talks with insurers to mitigate cuts to payments for the employees of the collapsed travel firm. Chair of trustees Steve Southern has launched discussions with several parties about a buyout deal to prevent pension scheme members losing out on payments, Sky News reported. Read more: 40 per cent of [...]
Boost for broadcasters as young viewers flock to live shows September 26, 2019 Live events are still the most watched TV programmes among young audiences, new data has revealed, marking a much-needed boost for traditional broadcasters. Live TV favourites such as reality shows, talent shows and sports fixtures made up more than half of the top 30 most-watched programmes among 18 to 24-year-olds, according to figures from the [...]
British Land withdraws Monsoon Accessorize legal challenge September 26, 2019 British Land has reportedly withdrawn its legal challenge to Monsoon Accessorize’s restructuring plan, giving the fashion retailer the green light to implement the rescue proposals. The landlord has agreed to abandon a case that could derail the chain’s company voluntary arrangement, Sky News reported. Read more: British Land files legal challenge against Monsoon Accessorize CVA [...]
Student housing provider IQ Student Accommodation appoints advisers for float or sale September 25, 2019 The owners of UK student housing provider IQ Student Accommodation (IQSA) have reportedly hired banks to advise on a float or a sale. IQSA has appointed Goldman Sachs, Morgan Stanley and real estate adviser Eastdil Secured to oversee the sale or listing of is £3.5bn student housing portfolio, Sky News reported. Read more: Greene King [...]
Broadband firms pledge to cut prices after Ofcom review September 25, 2019 Major UK broadband providers have pledged to cut prices for out-of-contract customers after Ofcom carried out a review into the market. Sky, BT and Talktalk have all agreed to allow customers whose initial contracts have ended to get the same deals as new customers when they renew their contracts. Read more: BT leads push for [...]
UK weather forecast: Showers to batter Brits until Sunday after rainfall causes travel havoc September 25, 2019 UK faces days of downpours after almost a month’s worth of rain fell across Britain in just 12 hours. Some areas were drenched with above 50mm of rainfall yesterday, according to the Met Office. That was only around an inch off the total rainfall in September. Read more: ‘Torrential’ thunderstorms to shatter London heatwave The [...]
Boris Johnson flies into Brexit storm after Supreme Court rules prorogation ‘unlawful’ September 25, 2019 Boris Johnson cut his New York trip short, flying back to the UK overnight amid an unprecedented constitutional crisis following yesterday’s Supreme Court ruling. The Prime Minister insisted he “strongly disagrees” with the judgement that prorogation was “unlawful, void and of no effect”, and reiterated his commitment to leave the EU by 31 October. But [...]
Electric-powered regional flights ‘could be taking off by 2030’ September 24, 2019 The next decade will yield the launch of electric flying taxis and electric planes entering the market in both regional flights and private aviation, according to research. A paper by Citigroup researchers predicts electric technology will begin disrupting the so-called general aviation market, which includes flights carrying between two and 14 passengers, by 2022. Meanwhile, [...]
Buzzfeed forms video ad alliance as publishers look to fend off tech giants September 24, 2019 Buzzfeed has teamed up with two other digital media companies to pool their video advertising space, as the firms look to counter the dominance of tech giants. Buzzfeed, Group Nine Media and Insider will create an alliance enabling them to sell advertising space across all three companies’ websites, apps and Youtube channels. Read more: Publishers [...]
Ofcom launches probe into Chinese state broadcaster over Hong Kong coverage September 23, 2019 Ofcom has launched an investigation into Chinese state broadcaster CGTN over concerns its coverage of protests in Hong Kong broke the regulator’s impartiality rules. Ofcom is understood to be probing four separate news programmes aired on the station in August and early September. Read more: Ofcom gives green light to BBC’s Britbox push CGTN, which [...]