Thomas Cook has donated £1.5m, half the compensation payout it received after the deaths of two British children in Corfu to Unicef charity, the firm has said, after the media storm about the pay outs. Christi and Bobby Shepherd, from West Yorkshire, died from carbon monoxide poisoning at the Louis Corcyra Beach Hotel in 2006.…
Thomas Cook was given a £3.5m pay out over the tragic death of two British children from the Louis Hotels – owner of the Greek bungalow whose faulty boiler leaked the deadly gas into the room where Christi, seven, and Bobby, six, were staying., for loss of revenue and damage to its reputation, while their parents…
South African retail Billionaire Christo Wiese snapped up a majority stake in New Look for £780m. Permira and Apax have sold the chain of 800 stores to private equity firm Brait linked to South African billionaire Christo Wiese after abandoning their plans to float it on the London Stock Exchange in 2010. With this Wiese…
In an attempt to compete with cheaper rivals in emerging markets, the San Francisco based Uber has decided to adapt the Indian way where cash is king. The high-tech ride hailing app Uber was forced to permit customers to hand over rupee notes to pay for rides in the southern technology hub of Hyderabad cash…
Spotify, the music streaming market leader, with 60m subscribers, is to launch a video-streaming service that will complement its music platform. Most use the free service, but at least 15m pay for the service. Swedish group founder Daniel EK, is to launch on May 30, 2015 in New York, has hired Goldman Sachs to raise…
Telecity Group plc (formerly TelecityRedbus and before that Telecity), a European carrier-neutral datacentre and colocation centre provider which specialises in the design, build and management of highly connected, resilient and secure environments in which customers can house their telecoms, internet and IT infrastructure had an offer of £2.31bn by Equinix, the largest US data centre group by market value…
Chinese police raided the offices of San Francisco based car hailing app Uber Technologies in the southern city of Guangzhou and seized cellphones and other equipment. The Chinese government in January banned drivers of private cars from offering such services through apps. Guangzhou city government’s transportation, police and business-licensing departments officials conducted the operation at…
Dick Costolo, Twitter’s CEO said “ the early release of the earnings wasn’t a pleasant experience”. Nasdaq admitted an operational error lasting 45 seconds was behind the premature release of Twitter’s disappointing results on Tuesday 28th April 2015, as Social media site’s share fell sharply for second day. During those seconds the site was scraped…
Britain’s wealthiest 1000 people are collectively worth £547bn, up from £258bn in 2009, an increase of 112 per cent. Those on the lowest rankings have around £100m, £45m more than in2009 and £15m more than last year, the biggest leap in 18 years According to Sunday Times Rich List. Among the new entries are Hollywood…
A Cathy Pacific airline pilot due to fly more than 260 passengers from London to Hong Kong has been arrested at 21:20 BST on Saturday an hour before his flight due to take off, for allegedly possessing knives. Police were called to the airport’s staff search area at 9.10pm on Saturday following a “crew-related” incident…