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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Vape firm claims it will survive UK disposable ban
admin, , Business, 0
Scott Butler, executive director of Material Focus, a non-profit organisation set up tackle electrical waste, noted the growing trend...
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Recession looms as UK economy starts to shrink
admin, , Business, 0
And while some of the monthly hit in September can be explained by the extra bank holiday, the hit...
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US aims to limit China’s role in electric cars
admin, , Business, 0
“This administration is, yet again, trying to find workarounds and delays that leave the door wide open for China...
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Hybrid working is here to stay, say managers
admin, , Business, 0
“We are experiencing an uptick in productivity, and an uptick in many companies results. We’re not saying everyone should...
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Mike Ashley’s Frasers Group makes offer for Mulberry
admin, , Business, 0
Mike Ashley’s Frasers Group has made a takeover approach for luxury handbag maker Mulberry, adding it was “exceptionally concerned”...
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Economic outlook ‘unusually uncertain’ despite ‘rapid’ vaccine rollout
admin, , Business, 0
“The Bank of England is facing the same cross-currents. Since its previous meeting in February, most developments – notably...
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Airline adverts banned over ‘greenwashing’ claims
admin, , Business, 0
Lufthansa responded that the purpose of the ad was to address the need to reduce the impact of flying...
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Turkey halts trade with Israel over Gaza ‘tragedy’
admin, , Business, 0
Turkish Trade Minister Omer Bolat criticised Israel’s “uncompromising attitude” towards a ceasefire, as well as the humanitarian situation in...
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