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Evening Standard
British Airways owner reports another heavy loss in first quarter
International Airlines Group, the parent company of carriers British Airways, Aer Lingus and Iberia has posted another hefty first quarter loss of £624 million (€731 million) to add to its crushing €1bn coronavirus led shortfall for the same period last year.However, the company said that demand for flights was “recovering strongly” in line with “expectations” …
Business
Sky News
Stock markets in turmoil, rescue deal for McColl’s and the rise of the smart bus
In today’s episode, Ian King looks at the markets reacting to rising interest rates and soaring inflation.He’s also joined by Sky’s City editor Mark Kleinman, who has all the latest on Morrisons proposing a last-ditch rescue deal for McColl’s Retail Group.Plus, more on Zeelo, the UK-based smart bus platform bought last week for $100m.:: Listen …
Business
Evening Standard
Morrisons bids to save McColl’s from collapse
Morrisons has tabled a last-minute bid to rescue its convenience store chain partner McColl’s from the administrators in a deal that could save 16,000 jobs. The bid would also allow most of the 1,300 high street stores to stay open while the supermarket group takes on McColl’s pension liabilities and its £170 million debt.It was presented last …
Business
Evening Standard
Sir Martin finds it hard to see how we get out of this one
A COUPLE of months ago Sir Martin Sorrell sat down to compile the annual report for S4 Capital.Things looked pretty good, at least, they could be a lot worse. GDP growth was probably going to be around 5%. Inflation was problematic, but hopefully manageable.Then, his auditors at PwC got the heebie-jeebies about some aspects of …
Business
Business Live
Why we still need women-only business events
I recently read an article by Sarah John from Boss Brewing , saying that she would no longer be attending women-only events; that she felt they did more harm than good in our pursuit of equality as a gender. Unsurprisingly, things got interesting over on LinkedIn, with a good number of people disagreeing, and a …
Business
Business Live
Senior solicitor calls on North East legal sector to encourage diversity
The president of the Law Society has called on North East employers to make their workforces more diverse, and championed forging a law career in the region. On a visit to Newcastle, I.Stephanie Boyce, the first person of colour to become president of the Law Society and only the sixth woman to do so, spoke …
Business
Business Live
Cornish holiday company named among UK’s top workplaces alongside Easyjet Holidays, Kuoni and Intrepid
A Cornish holiday company has been named one of the best travel companies to work for in the UK. Truro-based Cornish Gems was recognised as one of the Top 20 Best Workplaces in Travel at the Best Workplaces in Travel Awards. The survey-based awards recognise the best operators in the travel industry using employee feedback. …
Business
Business Live
Newcastle web design agency targets £2m turnover on the back of six-figure investment
A Newcastle web design agency is eyeing £2m turnover following a six-figure investment into staff and services. Sleeky, which provides web design, e-commerce and branding consultancy to clients in the North East and throughout the UK, says it has seen growth on the back of its investment and now hopes to reach £2m turnover by …
Business
Business Live
Andy Burnham leads protest outside McVitie’s factory over plans to cut almost 160 jobs
Greater Manchester Mayor Andy Burnham led a protest outside the McVitie’s factory in Stockport against plans to cut almost 160 jobs. He was joined by union members, Stockport Council leader Elise WIlson as well as MP Navendu Mishra who said the move would be “reprehensible”, the Manchester Evening news reported. The protest, which took place …
Business
Evening Standard
Hit to City bonuses as Square Mile faces severe slowdown
PROFITS and revenues crashed at City broker Numis, the latest sign that the Square Mile is facing a severe slowdown.That in turn is likely to lead to lower bonuses for investment bankers and traders, which also means a hit to government tax payments.The broker, a City success story that has grown rapidly under co-chief executives …
Business
Evening Standard
Sage of Soho warns on “perfect storm” for economy as recession fears mount
BRITAIN’S top ad man today warned of a hard landing for the UK, one day after the Bank of England predicted that inflation will top 10% and the economy could fall into recession.Sir Martin Sorrell, the Sage of Soho to some, says a “perfect storm” of supply chain difficulties, the Ukraine war, the oil price …
Business
Sky News
Chelsea FC sale: Dividend ban and debt limits feature in ‘anti-Glazer’ takeover deal
The new owners of Chelsea Football Club would be prevented from paying dividends or taking management fees for a decade under a package of measures designed to avoid the controversies which have dogged Manchester United since the Glazers’ takeover in 2005.Sky News can exclusively reveal that a consortium majority-funded by private equity firm Clearlake Capital …

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