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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Driverless car firm Cruise to cut 900 jobs
admin, , Business, 0
In one incident from August 2023, the self-driving car hit someone at 1.4mph, while in the other incident, from...
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Coronavirus: Some restaurants extend Eat Out to September
admin, , Business, 0
Image copyright Grosvenor Image caption A Pizza Pilgrims restaurant in Belgravia Some restaurants say they will continue to offer...
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Canada to ban China’s Huawei and ZTE from its 5G networks
admin, , Business, 0
Speaking to reporters in the Canadian capital of Ottawa, Mr Champagne said: “This is about providing a framework to...
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When wind turbine blades get old what’s next?
admin, , Business, 0
“At the end of life, if we’re going to get any value out of the materials, we need to...
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FTSE 100 suffers worst year since financial crisis
admin, , Business, 0
“The factors which worked against the FTSE-100 in 2020 – the pandemic, a deep recession and Brexit – will...
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P&O forced to reverse attempt at pay cut
admin, , Business, 0
National secretary Darren Proctor, who was on the visit, said P&O initially didn’t want to let them on, instead...
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SAG strike: Avatar and Gladiator sequels look set to be hit as actors walk out
admin, , Business, 0
“They propose that our background performers should be able to be scanned, get paid for one day’s pay, and...
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Covid: Asia follows global shares slide amid recovery fears
admin, , Business, 0
“Investors are concerned that the rapid spread of the Delta variant will derail the trajectory of the global recovery,...
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