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The battle for Britain’s skies takes a new twist pitting easyJet against Wizz Air
Analysis: airline fends off Hungarian interloper in increasingly febrile fight over Gatwick slotsThe battle for the post-pandemic holiday skies took a fresh twist yesterday, as easyJet launched a £1.2bn fundraiser while announcing it had fended off a t…
EasyJet needs investors on board as next takeover bid may be serious | Nils Pratley
Wizz Air’s offer was rejected, of course, but £1.2bn rights issue hardly put fizz back into sharesThe pandemic has transformed the airline industry in unexpected ways: Wizz Air, whose shares have recovered all the altitude lost in the early months of l…
Oxford Covid biotech firm plans £2.4bn flotation on LSE
Business founded in 2005 has won contracts to track global variants worth £144m from UK governmentOxford Nanopore, whose Covid-19 technology was snapped up by the UK government and used to track variants of the virus globally, has unveiled its plans to…
European Central Bank slows pandemic stimulus; US jobless claims at pandemic low – business live
Rolling coverage of the latest economic and financial newsLatest: ECB slows PEPP stimulus programmeLagarde: The lady isn’t taperingGrowth and inflation forecasts nudged upEarlier:More UK firms struggle to find workers, as costs riseLack of candidates a…
Costa Coffee gives staff 5% pay rise as it looks to recruit 2,000 workers
Increase for 14,500 shop workers comes into effect from 1 OctoberCosta Coffee is increasing pay for its 14,500 shop workers by 5%, as it looks for 2,000 more staff before Christmas.The company, which was bought out by Coca-Cola in 2018, said that from …
Long NHS waiting lists fuel return to profit at healthcare firm Spire
Half-year results come as company expects to benefit from ‘unprecedented’ demandThe private hospital operator Spire Healthcare has returned to profit amid strong demand from self-paying patients who are coming to its hospitals because of long NHS waiti…
Three becomes latest mobile firm to bring back roaming charges
End to almost five years of free roaming across Europe will come into effect from 23 May 2022Three is to reintroduce charges for using their phones when travelling abroad, ending almost five years of free mobile phone roaming across Europe for their cu…
1.6m Britons still on furlough in July as scheme winds down
HMRC figures show need to continue support for hardest-hit sectors such as aviation, says Unite unionCoronavirus – latest updatesSee all our coronavirus coverageThe number of workers coming back from furlough fell sharply in July despite the removal of…
Nuula raises $120M to build out a financial services ‘superapp’ aimed at SMBs
A Canadian startup called Nuula that is aiming to build a superapp to provide a range of financial services to small and medium businesses has closed $120 million of funding, money that it will use to fuel the launch of its app and first product, a line of credit for its users. The money is […]