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Interserve’s greatest shareholder says rescue plan is ‘horrible’ | Enterprise

The most important shareholder in debt-laden Interserve has described new monetary restructuring plans put ahead by the federal government contractor as “horrible” and warned it’s ready to sue the corporate’s board and lenders if rescue talks fail and…

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France fumes as Dutch authorities takes stake in Air France-KLM | Enterprise

The Dutch authorities has snapped up a near-13% stake in Air France-KLM, prompting the French authorities to accuse The Hague of appearing like an “unfriendly” company raider. A minor diplomatic row gave the impression to be constructing after…

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Citymapper to undercut TfL with London journey card | UK information

The British transport startup Citymapper is competing immediately with Transport for London by launching a personal sector rival to the Oyster card, providing limitless journey within the capital’s centre for £4.10 much less per week than the official…

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Burberry launches workers help plan after ‘noose’ hoodie row | Trend

Burberry has pledged to offer its staff obligatory coaching and enhance its help to the Samaritans after it was extensively condemned for placing a jumper with a “noose” design on the catwalk. Every week after the posh vogue…

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Ted Baker points revenue warning after writing off £5m of unsold inventory | Enterprise

Ted Baker shares have dived by 11% after the style retailer warned buyers that its full-year earnings can be about £10m decrease than anticipated principally on account of writing off the worth of unsold garments. The corporate, which…

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The left must get radical on huge tech – reasonable options will not minimize it | Evgeny Morozov | Opinion

To observe that the “techlash” – our impolite and abrupt awakening to the mammoth powers of expertise firms – is gaining pressure by the month is to state the plain. Amazon’s sudden departure from New York Metropolis, the…

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M&S agrees £750m meals supply take care of Ocado | Enterprise

Marks & Spencer has fashioned a £1.5bn on-line supply three way partnership with Ocado to carry M&S’s prepared meals, meals corridor favourites and Percy Pig sweets to web consumers for the primary time. M&S pays £750m for a…

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Markets subdued as geopolitical tensions fear traders – enterprise reside | Enterprise

Good morning, and welcome to our rolling protection of the world economic system, the monetary markets, the eurozone and enterprise. After yesterday’s surge in sterling, the Metropolis is somewhat extra subdued this morning as traders return to worrying…

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Flat wine bottles may reduce prices and emissions, says agency | Enterprise

Wine could quickly be distributed in flat plastic bottles, in a transfer that might cut back carbon emissions and prices within the trade’s provide chain. The bottles are a novel various to the glass mannequin that has remained…

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EasyJet didn’t take heed to purpose over a flight compensation declare | Cash

Two months in the past I flew to Marbella with seven associates from Bristol for a weekend hen do. On the day of our return, our flight was cancelled with no purpose given and we have been placed…

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