It has issued a formal notice to its bondholders, but asked them to take “no creditor action” in order to enable a “stable platform” for negotiations. Companies sell bonds to investors to raise the funds they need, paying the money back over time with a premium.
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‘Chaotic’ youth job scheme failing to deliver, MPs say
admin, , Business, 0
“It has given more than 130,000 young people opportunities to work, earn and improve their prospects. It responded to...
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Government showed ‘unusual’ interest in Greensill
admin, , Business, 0
During Greensill’s accreditation to CLBILS in May 2020, the Bank reiterated to Greensill the scheme rules around group lending,...
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Opioid crisis: US drug giants reach $26bn settlement
admin, , Business, 0
McKesson, Cardinal Health and AmerisourceBergen were accused of ignoring shipments of painkillers being diverted to illegal channels, while J&J...
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Mohamed Al Fayed: Former Harrods owner dies at 94
admin, , Business, 0
In a statement released on Friday, his family said: “Mrs Mohamed Al Fayed, her children and grandchildren wish to...
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Business leaders call for a post-Covid economic roadmap
admin, , Business, 0
In a letter to Mr Kwarteng, CBI director-general Tony Danker, writes: “With health teams rightly in crisis management mode,...
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Hundreds turn out for pre-Christmas meat auction
admin, , Business, 0
The Smithfield Market has held its traditional pre-Christmas meat auction for the first time since before pandemic. Hundreds of...
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Zuckerberg ‘not holding breath’ over Musk cage fight
admin, , Business, 0
Asked by a Threads user whether the fight had been mutually agreed upon, Mr Zuckerberg responded that is was...
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‘I pawned my laptop to pay for food and petrol’
admin, , Business, 0
“We hope and believe that, once the FCA appreciate that the loss of access to pawnbroking services would have...
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