The Malvern Group has gone into administration after it was unable to secure funding or find a buyer. Malvern is part-owned by Cox & Kings which was in trouble after the company failed to repay debt payments last month. The Malvern Group own Laterooms.com and Superbreak mini Holidays and they will stop trading immediately. They…
The Bank holds interest rates steady, but warns about the impact of a no-deal Brexit. BBC News – Business
Ryanair has told staff it is preparing to announce job losses in the next few weeks as it has ‘more staff than needed’. Ryanair chief executive Michael O’Leary told employees that the airline has 900 more staff than required. He said: “We already have a surplus of over 500 pilots and some 400 cabin crew, because…
Michael O’Leary tells staff the Irish airline has too many pilots and flight attendants. BBC News – Business
Researchers have discovered that the £30 limit on Visa contactless cards can be avoided which enables criminals to rinse a victim’s bank account without touching the card. Researchers at the tech firm Positive Technologies said cards from five different UK banks are vulnerable to the hack. The hack uses a device to intercept communication between…
Lloyds Banking Group has seen its profits impacted by a large amount of people putting in last minute PPI claims. Loan customers who were mis-sold PPI have until August 29th 2019 to claim for compensation. Lloyds have said they set aside an additional £550 million for any future claims as they have had a “significant…
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Craig Taylor