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TGI Fridays closes 16 UK stores, with 456 job losses
Posted onJemma CrewBusiness reporter PA Media TGI Fridays has closed 16 of its UK restaurants, putting 456 employees out of work. The American-inspired casual dining chain’s remaining 33 restaurants will continue to operate after the business was sold in a rescue deal. Interpath was appointed as administrator to Liberty Bar and Restaurant group, which managed the…
Government to guarantee £1.5bn Jaguar Land Rover loan after cyber shutdown
Posted onThe government will underwrite a £1.5bn loan guarantee to Jaguar Land Rover (JLR) in a bid to support its suppliers as a cyber attack continues to halt production at the car maker. Business Secretary Peter Kyle said the loan, from a commercial bank, would protect jobs in the West Midlands, Merseyside and across the UK….
Starbucks scraps $250,000 cap on bosss use of company jet
Posted onIt said: “Given Mr Niccol’s chief executive role, the enhanced media attention to which Mr Niccol and Starbucks are subject, and the current threat landscape, the security study for Mr Niccol also recommended that Mr Niccol use private aviation for all air travel, whether for personal, commuting, or business purposes.”
Jaguar Land Rover shutdown extended again after cyber attack
Posted onTheo Leggettbusiness correspondent and Emer Moreaubusiness reporter Getty Images JLR will not resume production until 1 October Jaguar Land Rover (JLR) has confirmed that production in its factories will remain suspended until next month at the earliest. The business secretary and industry minister are visiting the West Midlands on Tuesday for the first time since…
Gatwick airport second runway approved by transport secretary
Posted onKaty AustinTransport correspondent and Jamie WhiteheadBBC News PA Media Transport Secretary Heidi Alexander has approved plans for a second runway at London Gatwick Airport, as the government looks for economic growth opportunities. The £2.2bn privately-financed project involves in effect moving the current Northern Runway 12 metres to bring it into regular use, as well as…
