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2024 has not been the best year for airlines that serve smaller or faraway countries. Air Malta, Armenia’s FlyArna and the LIAT airline serving Antigua and Barbuda have all either formally filed for bankruptcy protection or simply closed up shop and ceased operations since the start of January.
Vanuatu, a South Pacific nation of 326,000 people, was left without an airline after its flagship carrier, Air Vanuatu, declared bankruptcy after struggling to find the capital to fund the “extended maintenance requirements” required for its four planes. With all its flights to and from the country canceled at a day’s notice, numerous tourists suddenly found themselves stranded and paying exorbitant fares for limited spots on flights by…
Cycling legend Sir Bradley owes £1m more than was first calculatedCredit: Getty
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Sir Bradley in his Tour de France heydayCredit: Getty
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Bradley Wiggins faces selling his own name after his debt spiralled to £2millionCredit: Getty
A team of liquidators raking through the wreckage of his firm Wiggins Rights Ltd had found that he owed just under £1m and earlier this year he was declared bankrupt.
But a new report filed this month to Companies House reveals that the debts have more than doubled.
Bank of England interest rate cuts now less likely
City traders are scrambling to readjust their expectations for UK interest rate cuts, following this morning’s acceleration in UK wage growth.
The money markets now indicate there’s just a 7% chance that the Bank of England cuts interest rates on Thursday, down from around 15% yesterday.
The markets no longer expect three cuts next year either. Bank rate, which is currently 4.75%, is now seen falling to around 4.1% in December 2025, meaning only two quarter-point rate cuts are fully priced in.
Yesterday it was expected to fall nearer to 4%, which had implied three quarter-point rate cuts next year.
UK RATE FUTURES POINT TO ABOUT 61 BASIS POINTS OF BANK OF ENGLAND RATE CUTS BY END OF 2025…
Dame Sarah Storey has shared her concern for fellow cyclist Sir Bradley Wiggins’ wellbeing, as she endeavors to emulate his achievement of winning BBC Sports Personality of the Year. Wiggins captured the nation’s heart in 2012, claiming victory in both the Tour de France and an Olympic gold in the time trial during a memorable summer in London.
However, as years passed, Wiggins faced financial difficulties and was declared bankrupt this past summer. Storey, who claimed her 18th and 19th Paralympic gold medals in Paris and is in contention for SPOTY,, expressed her sentiments on Wiggins’ situation: “No, I haven’t seen Bradley for a long time. I have followed his story and it is obviously really sad to see a former team-mate go through…
Tom Hardy offered to pay the wages of an entire TV set crew on the new Guy Ritchie series after a construction company went into liquidation.
The Venom star, 47, recently filmed scenes for Guy Ritchie‘s upcoming TV series, The Associate, in London.
But around 50 freelance building workers were left devastated after Helix 3D, the construction company contracted to build sets, went bust, The Times reported.
It is said that the company then refused to pay out £250,000 of wages ahead of Christmas, and its chief executive Brian Dowling sent out the devastating message last week saying their pay would likely not be in their accounts before the New Year.
It wasn’t until star Tom stepped in and offered to pay the workers’ wages that Paramount…
Safir Anand senior partner & head of trademarks, contractual and commercial IP, Anand and Anand
Safir Anand, a leading intellectual property expert at Anand and Anand, has over 29 years of experience specialising in trademarks, commercial and contractual IP, and IP strategy. Anand’s impact is particularly notable in the fashion industry, where he has pioneered the recognition of IP as a tangible asset. His work has empowered top designers, like Sabyasachi, to protect their creations, facilitating significant brand growth and deterring infringement. Anand’s expertise has also driven corporate stake acquisitions, such as Reliance’s investment in the Manish Malhotra brand. His team also worked on…
