Tag: Business

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

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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

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

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

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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

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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

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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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Brexit uncertainty slows financial system and raises danger of job losses | Enterprise

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Brexit gridlock has dragged the UK financial system near stalling level as rising numbers of corporations pause their spending plans, elevating the danger of job losses in future, in response to a Guardian evaluation of developments over the…

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Vauxhall says it will not draw back from the ‘darkish aspect’ in no-deal Brexit | Enterprise

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The chief govt of Vauxhall proprietor PSA Group stated the carmaker wouldn’t draw back from unpopular selections, together with shutting factories, if there’s a no-deal Brexit. Carlos Tavares stated PSA has constructed up stockpiles of elements and merchandise…

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Metro Financial institution to carry shock £350m share sale after loans blunder | Enterprise

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Metro Financial institution is once more going cap-in-hand to shareholders to attempt to elevate an additional £350m after revealing a serious accounting mistake final month that’s now being investigated by Metropolis regulators. The challenger financial institution raised £303m…

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Saudi Aramco says oil business faces ‘disaster of notion’ | Enterprise

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Saudi Arabia’s state oil firm has stated the business faces a “disaster of notion” as a result of society believes it has no future, which it says might threaten world vitality safety. Amin Nasser, the chief government of…

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