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Tag Archives: new business ideas

Air France-KLM is buying 31% of Virgin Atlantic

Media playback is unsupported on your device Air France-KLM is buying almost a third of Virgin Atlantic, leaving Sir Richard Branson’s parent company, Virgin Group, with a minority stake in the airline he founded.Air France-KLM is taking a 31% stake, worth £220m, in Virgin Atlantic as part of a …

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Lloyds sets aside another £700m for PPI insurance claims

Lloyds Banking Group has set aside another £1bn to cover the cost of insurance mis-selling and the treatment of mortgage customers.Another £700m will cover payment protection insurance (PPI) claims and £283m will be used to repay about 590,000 mortgage holders.It came as Lloyds posted half-year pre-tax profits of £2.5bn, …

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Noble shares almost halve in value after loss warning

Noble Group, formerly Asia’s biggest commodities trader, saw its shares almost half in value after warning of a $1.8bn (£1.4bn) quarterly loss.The heavily indebted firm also announced plans to sell most of its assets outside of Asia to raise cash.Noble has been battling to stay afloat for more than …

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The businesses capitalising on 24-hour sunlight

Media playback is unsupported on your device Snow, more snow and Santa Claus. Utter the word “Lapland” and you might imagine a place where it’s Christmas all year round. But due to its location, largely within the Arctic Circle, Lapland has extreme seasonal variations in climate. While it can …

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