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2065 Search results for insolvencies

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  • Ferry passengers at Dover face disruption as queues multiply due to bad weather

    April 2, 2022

    Passengers at Dover are facing disruption as queues on ferry services multiply due to the bad weather. “Due to adverse weather conditions, we are currently experiencing delays on all of our crossings,” said ferry operator DFDS via Twitter. “To our customers already checked in at our ports, please proceed as normal. On your arrival at [...]

  • Criminal probe launched against P&O over sacking of 800 seafarers

    April 1, 2022

    The Insolvency Service has launched criminal and civil investigations into the sacking of nearly 800 seafarers by P&O Ferries. Transport Secretary Grant Shapps wrote on Twitter: “The Insolvency Service has reviewed P&O Ferries’ actions and placed it under criminal investigation for its actions. “Peter Hebblethwaite stood before MPs and admitted to breaking the law, and [...]

  • Government urged to launch public inquiry into P&O scandal

    April 1, 2022

    The government has been urged to launch a public inquiry into the P&O scandal, during which almost 800 workers were made redundant. The Liberal Democrats have written to the cabinet secretary Simon Case calling for immediate action so “families can get the answers they deserve”, after hundreds of people lost their jobs and were plunged [...]

  • Members of troubled British Steel Pension Scheme win back over £71m in redress

    March 31, 2022

    The UK’s financial watchdog has agreed that former members of the troubled British Steel Pension Scheme (BSPS) will be able to receive £71.2m worth of compensation, as part of long-awaited redress for workers. The Financial Conduct Authority (FCA), which launched a probe for a redress scheme in late December, has found that almost half (46%) [...]

  • London arm of Russia’s VTB on brink of collapse as sanctions bite

    March 30, 2022

    The London arm of Russia’s VTB Bank is on the brink of insolvency proceedings after sanctions have curbed its ongoing operations. As reported by Mark Kleinman for Sky News, British banking regulators have called in advisers to help address Russia’s second-largest lender’s presence in the capital. Sources told Sky that the bank could fall into [...]

  • The City View: Chris Jackson, CEO of green hydrogen firm Protium, talks easing sustainable energy transition

    March 30, 2022

    Today Andy Silvester chats to Chris Jackson, CEO of UK-based green hydrogen energy firm Protium. They go back to Protium’s roots; discuss what green hydrogen acutally is and how the company aims to simplify the decarbonisation process for the companies it works with; and go through why hydrogen, rather than solar and wind energy, might [...]

  • Grant Shapps says new measures will make P&O “fundamentally rethink” layoffs

    March 30, 2022

    Grant Shapps unveiled today a new set of measures which are expected to make P&O Ferries “fundamentally rethink” the sacking of almost 800 seafarers. “P&O Ferries’ failure to see reason, to recognise the public anger, and to do the right thing by their staff has left the government with no choice,” he told the House [...]

  • P&O accuses Coastguard of ‘unprecedented rigour’ after two ships detained

    March 30, 2022

    P&O Ferries accused today the Maritime and Coastguard Agency (MCA) of displaying “an unprecedented level of rigour” after it detained two of the firm’s ships. The European Causeway and Pride of Kent vessels were detained in the last few days over safety concerns, as government scrutiny around P&O increased following the layoff of around 800 [...]

  • Downing Street calls on public sector bodies to review contracts with Russian energy suppliers

    March 28, 2022

    The government has instructed public sector bodies to review energy deals and other contracts they have with Russian firms.

  • Bosses at UK arm of Russian energy giant Gazprom seek to buy it out as insolvency looms

    March 22, 2022

    Bosses at the UK arm of Russian energy giant Gazprom have made a bid to buy it out, as sanctions against its parent company threaten to make it insolvent. Manchester-based Gazprom Energy, which supplies more than a fifth of gas used by UK companies, has been left just days from needing a government bailout through [...]

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