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Archive for March, 2019

Brexit: Last chance to guarantee 22 May delay, MPs told

March 29, 2019

MPs have been told they face their “last opportunity” to ensure the Brexit process is extended to 22 May and bring certainty to people and businesses. The attorney general said any further extension past 12 April would be “subject to the veto” of 27 EU leaders. MPs will be asked to approve only part of […]

Wow Air failure: ‘They gave us pizza – then cancelled our flight’

Dubliner Barrai Omuireagain is one of an estimated 10,000 people stranded by Thursday’s collapse of Iceland’s Wow Air. He was due to board his flight from Detroit to Dublin at 7pm local time last night. “Then it was delayed, then it was delayed every hour, and finally at 11pm on Wednesday I asked what happens […]

Tui travel firm warns Boeing grounding to hit earnings

Travel firm Tui has warned that the grounding of Boeing 737 Max planes could cost it up to €300m (£258m). Tui has a fleet of about 150 aircraft, including 15 of the grounded Boeing models. A further eight 737 Max planes are due for delivery by the end of May. The financial hit is due […]

Lyft valued at $24bn ahead of share market debut

Shares in taxi-hailing firm Lyft have been priced at $72 amid strong demand, valuing the firm at $24.3bn (£18.6bn). That makes it the largest company to go public since China’s Alibaba in 2014. Lyft’s shares will start trading on the tech-dominated Nasdaq index on Friday. The flotation values the combined stake of founders Logan Green […]

Debenhams secures £200m lifeline with lenders

Struggling department store chain Debenhams has agreed a £200m refinancing lifeline with lenders. The deal offered “reassurance” for employees, pension holders, suppliers and lenders, it said. The retailer said it would continue with plans to cut the number of its stores and negotiate rent reductions. The financial deal leaves the door open for Mike Ashley’s […]

Huawei sales top $100bn despite US-led pressure

Chinese telecoms giant Huawei said revenues topped $100bn in 2018 despite a US-led campaign against the business on fears it poses a security threat. The firm said revenue for 2018 hit 721.2bn yuan ($107bn), while net profit jumped 25% to 59.3bn yuan. The US and others have restricted the company over concerns that its ties […]

Gordon Taylor: PFA chief executive set to step down after 38 years

March 27, 2019

Gordon Taylor is set to announce he is standing down as chief executive of the Professional Footballers’ Association after 38 years in the role. It follows a mutiny from PFA chairman Ben Purkiss and former players over governance issues and controversy over Taylor’s £2.2m salary compared to money given to player welfare services. A statement […]

Ranking Roger: The Beat singer dies aged 56

Musicians have paid tribute to singer Roger Charlery, known as Ranking Roger, who has died at the age of 56. The Birmingham-born star, best known as a vocalist with The Beat, died at home on Tuesday, surrounded by family, a statement on the band’s website said. Charlery had suffered a stroke last summer and was reported to […]

Lloyd’s of London blames £1bn loss on natural disasters

Lloyd’s of London has reported a second consecutive year of losses after after a series of natural disasters including hurricanes Florence and Michael and the deadly California wildfires. The insurance market reported a £1bn loss, halving its 2017 loss of £2.1bn. Chief executive John Neal vowed to turn around the market, saying this year would […]

Typical council tax will rise by 4.7% in April

Typical council tax bills in England will rise by 4.7% in April – the second biggest increase in a decade, official figures show. The levy on an average Band D property will go up by £78 to £1,750, the government said, in part owing to the cost of policing and adult social care. In the […]

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