It has issued a formal notice to its bondholders, but asked them to take “no creditor action” in order to enable a “stable platform” for negotiations. Companies sell bonds to investors to raise the funds they need, paying the money back over time with a premium.
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Jeremy Hunt: Less scope for tax cuts in Budget
admin, , Business, 0
Pressed over whether this would disappoint some Conservative MPs, who have been calling for big tax cuts ahead of...
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‘We’ll lose thousands if wedding rules don’t change’
admin, , Business, 0
“For every one wedding that we host here, there’s 30 people involved in putting on that day. From our...
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P&O owner to attend summit despite row over minister’s comments
admin, , Business, 0
P&O Ferries owner, DP World, will now attend the UK’s investment summit on Monday, despite a row over a...
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Reeves ‘not immune’ to criticism over NI hike
admin, , Business, 0
Rachel Reeves: I’m not immune to criticism Chancellor Rachel Reeves has defended increasing taxes for employers in last week’s...
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Poundland moves into fresh food
admin, , Business, 0
“The cost of transportation and fuel, the cost of containers – that is double digit percentage inflation that we’re...
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Bank ‘optimistic’ as it edges closer to summer cut
admin, , Business, 0
But Darren Jones, shadow chief secretary to the Treasury, said while it was the Bank of England’s “independent right”...
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Air passengers face extra year of 100ml liquid rule
admin, , Business, 0
Karen Dee, chief executive of the Airport Operators Association trade body, said: “As with any programme of this complexity,...
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Some Portugal passengers still plan to travel despite rule change
admin, , Business, 0
“The Government set out its roadmap a few weeks ago saying we wouldn’t be doing the eternal hokey cokey...
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