Business

Regulator rules out refunds for Covid cancelled flights

This article is an on-site version of the City Bulletin newsletter. Sign up here Send newsletter directly to your inbox on weekdays

Would you like a refund for a flight you couldn’t board because of Covid? You were out of luck.

The Competition and Markets Authority has launched a survey of British Airways and Ryanair In June If you refuse to offer a refund to your customers, we will offer you the option of rebooking instead, or in the case of BA, providing a voucher.

Watchdog finished its investigation this morning and concluded that “lack of legal clarity” meant that it could not justify continuing to pursue the company for refund policies.

Andrea Coscelli, CMA CEO, said regulators “strongly believe” that if a blockade law blocks people from flying legally, they should get a full refund. rice field. But the law doesn’t seem to allow it. So we have to suck it up until the law changes.

simply

shell Third Quarter Revenue From Takes $ 400 Million Hits Extratropical Cyclone Ida In the Gulf of Mexico, an oil company said this morning. The hurricane causes “serious structural damage” to one of Shell’s offshore platform facilities on the Gulf, which could be completely repaired until the end of the year.

Robert Walters This is the latest report on the back side of the recruitment boom. Recruiters said that since the end of the third quarter, full-year profits are expected to be “more comfortable” than the guidance given in the six-month results. Revenues were up more than a quarter over the same period last year in the three months to the end of September, but still down 13% from the third quarter of 2019.

There is also an update from the spread betting site today CMC market And car dealership group Pendragon..

Beyond square miles

© AP

Back group Pret a Manger, Panera Bread When Crispy cream We are about to raise $ 5 billion to invest in the fast-growing pet care market. JAB HoldingManaging the property of the billionaire Rayman family has made over $ 50 billion in transactions in the consumer sector over the past few years, including JAB consumer partners. With previous $ 6 billion in funding, JAB has acquired the veterinary business.Now it Plans to target pet care services, A market prospered by the blockade.

Hedge fund After buying energy stocks dumped by green investors, they are cashed. UK and US fund managers are currently making significant profits as energy prices soar. Among those benefits are Goldman Sachs’ Prime Brokerage divisions, Crispin O’Day and Bison Interest. Lawrence Fletcher Report..

And two Amazon San Francisco correspondent Dave Lee talks about Twitch, a livestreaming platform owned by the US group. Huge data breach Publish the source code of the service, the largest star income, and other sensitive information.Meanwhile, Amazon won Record amount of tax deduction This year, local officials are trying to seduce online shopping giants to expand their one-day or same-day delivery networks in the area.

Important comments before going

If you don’t have enough of me (and are fair enough if you have), check out my column Tesco And what retailer results teach us UK Business Outlook.. Tomorrow, I have Blythe in my inbox. I’ll be back on Monday.

thank you for reading. If you have friends or colleagues who enjoy this newsletter, please forward them to them. Sign up here

We welcome your feedback and comments on this newsletter.Send us an email with citybulletin@ft.com..

Recommended newsletter for you

due diligence — Top story from the world of corporate finance.sign up here

asset Management — The inside story of the movers and rockers behind the trillion-dollar industry.sign up here

Regulator rules out refunds for Covid cancelled flights Source link Regulator rules out refunds for Covid cancelled flights

Related Articles

Back to top button