Vauxhall plans 400 job cuts at Ellesmere Port as sales fall
Craig TaylorThe carmaker says the 400 job losses at its Ellesmere Port factory are needed to stay competitive. BBC News – Business
Business
Philip Hammond says his remarks were a poor choice of words
The chancellor later tweeted that his comments were a “poor choice of words”. BBC News – Business
Ryanair to challenge Lufthansa’s Air Berlin deal
The Irish airline says it will take the €210m deal to European competition authorities. BBC News – Business
No energy bill price cap this winter, Ofgem says
A further one million customers will benefit from a limit on bills, but a wider cap will be delayed. BBC News – Business
Monarch collapse: Lord Myners calls for inquiry
The Monarch Collapse might not be so bad for venture capital firm Greybull Capital after all given that as a preferred creditor it will be first in line to be repaid its £150m for loans made to the airline when assets such as airport landing slots are sold. In fact, it may come out of…
More than 60% of Monarch passengers back in the UK
More than 350 rescue flights have so far been chartered or leased by the Civil Aviation Authority. BBC News – Business