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Wednesday, October 9, 2019
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9 Oct 2019, 2:52pm Pizza Express hires advisers over £1bn debt
The Guardian
Rumours abound over fate of 54-year-old business as consumer tastes change Pizza Express has a mountain of debt: a towering £1.12bn is owed to various lenders, a cash sum equal to 77m of its famous Sloppy Giuseppe beef and pepper pizzas. In recent days rumours have swirled that the 54-year-old business, one of the UK’s biggest casual dining chains, might be about to go the same way as Jamie’s Italian.
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9 Oct 2019, 12:38pm Thomas Cook stores buyer hopes to re-employ entire 2,500 workforce
The Guardian
Hays Travel acquires 555 stores and sees a bright future for package holiday sector A husband-and-wife team who built their tourism business from the ground up say they hope to save the jobs of all 2,500 former Thomas Cook staff, after buying the
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9 Oct 2019, 10:15am Links of London jewellery chain goes into administration
The Guardian
Mike Ashley and Hilco among parties interested in making bids for 350 outlet company Jewellery chain Links of London has collapsed into administration, putting up to 350 jobs at risk, in a new blow to the high street. The chain, which operates 35 stores and concessions in the UK and Ireland, had been seeking a buyer before being put into administration on Tuesday. Sports Direct owner, Mike Ashley, and Hilco Capital, the owner of Homebase, had been reported as potential bidders in a last-ditch attempt to sell the loss-making business kicked off by its parent company in August.
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9 Oct 2019, 9:36am OECD aims to stop tech firms shifting profits to low-tax locations
The Guardian
Multinationals would be forced to pay more tax in countries where they make biggest sales Large internet companies would be forced to pay more tax in countries where they sell products and services under proposals for a global shake-up of taxation rules that currently allow companies to shift profits to low-tax locations. The
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9 Oct 2019, 7:11am Online casino advert banned for targeting problem gamblers
The Guardian
Casumo offered free spins to people Googling ways to block themselves from betting The online casino Casumo has been forced to retract an advert that offered free spins and bonuses to people who Googled ways to bar themselves from gambling. The Advertising Standards Authority (ASA)
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9 Oct 2019, 7:00am Revealed: the 20 firms behind a third of all carbon emissions
The Guardian
New data shows how fossil fuel companies have driven climate crisis despite industry knowing dangers The Guardian today reveals the 20 fossil fuel companies whose relentless exploitation of the world’s oil, gas and coal reserves can be directly linked to more than one-third of all greenhouse gas emissions in the modern era. New data from world-renowned researchers reveals how this cohort of state-owned and multinational firms are driving the climate emergency that threatens the future of humanity, and details how they have continued to expand their operations despite being aware of the industry’s devastating impact on the planet.
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9 Oct 2019, 6:41am Tell us about your Eurostar experiences
The Guardian
The international railway service celebrates 25 years since the first train travelled underneath the Channel. We want to hear your stories It has been 25 years since the
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9 Oct 2019, 6:00am BT says it plans to set up free home tech support for customers
The Guardian
Company also announces high street comeback after 15-year absence via its 600 EE shops BT is to hire an army of 900 tech experts who will visit customers in their homes to help them sort out problems with their TV and broadband services. Customers will be able to book an appointment with a Home Tech Expert, to help install a new technology product or fix a technical problem. Repair visits will be free for all BT home broadband, TV and phone line customers. Non-BT customers will be able to use the service for a fee of about £30.
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9 Oct 2019, 4:48am Up to 2,500 Thomas Cook jobs saved as UK stores bought up
The Guardian
Hays Travel, Just Go Travel operator, acquires 555 stores and says it will re-employ many staff Up to 2,500 jobs could be saved following the sale of Thomas Cook’s chain of 555 UK travel agencies to Hays Travel, following the
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9 Oct 2019, 4:20am Trade war worries weigh on markets as US-China tensions rise – business live
The Guardian
Rolling coverage of the latest economic and financial news, as hopes of a trade war breakthrough this week fade
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