Business

Abusive’ woman billed for £85,000 after RAF scrambled to escort plane

A passenger who allegedly caused two RAF jets to be scrambled to escort a plane back to Stansted airport has been sent a bill for £85,000 by the airline. Chloe Haines has been accused by Jet2 of a “catalogue of aggressive, abusive and dangerous behaviour” on a flight bound for Dalaman in Turkey in June, […]

Business

Asos shares slump as it warns on profits

The retailer said sales growth in the US and Europe had been held back by problems at its warehouses. These problems meant that the range of clothes available to shoppers in these markets had been limited. As a result, it now expects to report profits of £30m-£35m this year, well below the £55m forecast by […]

Business

Slug & Lettuce owner Stonegate agrees £3bn deal to buy pub chain Ei

The private equity-owned company behind the Slug & Lettuce chain of bars has agreed a £3bn deal to buy Britain’s largest pub owner, Ei. Stonegate Pub Company has offered all-cash terms that value shares in Ei at £1.3bn, a 38% premium over the target’s pre-bid share price. Including debt, the deal is worth £3bn. Shares […]

Business

Water bills set to fall despite firms facing extra £12bn investment bill

The regulator Ofwat’s latest price review, which covers expectations for the next five years, proposes the firms collectively invest an extra £12bn in the network – on top of their current commitments. This would help maintain assets, such as water pipes and sewers, and create additional water storage to bolster the environment and customer service, […]

Business

Shelf control? Largest textbook publisher is ditching books and going ‘digital first’

Making a trip to the college campus bookstore to purchase textbooks at the beginning of a new semester is a time-honored tradition. But that tradition is rapidly disappearing, as the push towards e-books continues. This week, the push was accelerated as Pearson, the biggest publisher of educational books in North America, announced it will abandon […]