Acquisition of Asda: meet the new private equity owner of the British supermarket giant

Monday June 10, 2024 11:42 am Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email Asda has its head office in Leeds. Private equity is set to take control of another British supermarket chain after half of the billionaire Issa brothers agreed to … Read more

Abandoned British airport to relaunch flights in 2028, but holidaymakers will have to wait

AN abandoned airport that was forced to close more than a decade ago has unveiled plans to restart flights in the next four years. Manston Airport in Kent has faced a number of protests from locals in recent years following the announcement of reopening plans. 4 Manston Airport will relaunch flights in just four yearsCredit: … Read more

Travel chaos hits major British airport as hundreds of people have to queue outside

TRAVEL chaos has hit Birmingham Airport again as hundreds of people are forced to queue outside “like cattle” after a week of “total carnage”. A new video taken this morning shows long lines outside the security checkpoint as the sun rises. When the pair posted the first video at 5:18 a.m., there was already a … Read more

‘It’s causing loss of sleep’: British Gas sends out bills showing a 1,000% price increase

aLison Woods lives frugally alone in a two-bedroom flat, but as far as British Gas is concerned she uses enough energy to fuel a cannabis farm. The estimated quarterly bill figures received in March were 1,000% higher than the same period last year. Ofgem estimates the cost was almost £2,000 more than the average household … Read more

Cineworld is planning a successful sale of its British cinema operations

The multiplex giant is working with AlixPartners on options for its UK operations that could lead to a sale or restructuring, such as a company voluntary arrangement, Sky News has learned. By means of Mark Kleinman, city editor @MarkKleinmanSky Saturday June 8, 2024 12:06 PM, UK One of Britain’s largest cinema chains is in secret … Read more

Inside the arms race of British banks against fintech startups

Saturday June 8, 2024 9:00 am Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email Bankers are paying close attention to Starling’s recently launched software-as-a-service unit, Engine. Britain’s big banks are entering new areas of the fintech space as they look to keep … Read more

An abandoned British airport that closed 13 years ago could serve a million passengers

A USED UK airport could serve more than a million people every year if it gets the investment needed to reopen. Aviation experts have analyzed the potential of the transport hub near the south coast and predicted that hundreds of thousands of people could benefit from the resumption of operations, if not more. 4 Plymouth … Read more

Chef ‘stood over British intern for 10 minutes after hitting him’

Nick Bril, 40, owner of The Jane in Antwerp, is accused of running over British sous chef Joe Claridge outside the restaurant on January 8 A Michelin-starred Dutch restaurateur is said to have stood by his British sous chef for ten minutes before calling an ambulance after drunkenly running him over twice with his Land … Read more

British investors are cashing out en masse after the record rally of the FTSE 100

Thursday June 6, 2024 8:00 am Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email 2024 was a difficult year for the London Stock Exchange. New data shows that outflows into equity funds collapsed in May after a bumper ISA season, with investors … Read more

Rishi Sunak introduced Jamie Dimon and Eric Schmidt for British awards

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Rishi Sunak has put forward JPMorgan Chase boss Jamie Dimon and former Google chairman Eric Schmidt for British honors, people familiar with the matter said, as the British prime minister enters his final weeks as … Read more