International Consolidated Airlines Group SA (CDI) (IAG) – British Airways is facing a £500m group action lawsuit over its handling of last week’s cyber attack that accessed 382,000 customers’ personal data. SPG Law is launching legal action over claims that BA was compensating customers for “direct financial losses” but not for the “inconvenience, distress and misuse of their private information”.
Former Just Eat (JE.) employees have accused the company of failing to stamp out sexism and harassment in the workplace, after management were made aware of incidents. An investigation by The Daily Telegraph discovered that female workers were subject to sexist comments and harassment, with claims that management had dissuaded them from pursuing any action against their male colleagues. One employee said the harassment “went from zero to 100 in a couple of days”.
Relx plc (REL) has scrapped its corporate structure in the Netherlands to unify under a single UK parent company. The manoeuvre has been executed in parallel to similar move in the opposite direction by Unilever, but without the political tug-of-war between Britain and the Netherlands that preceded the Persil maker’s decision to make Rotterdam its sole corporate base.
Travel titan TUI AG Reg Shs (DI) (TUI), which operates the world’s largest charter airline, is in talks with aviation regulators over a bespoke 12-month transition deal to mitigate the fallout of a no-deal Brexit. Industry sources said the London-listed travel company is negotiating a “letter of comfort” with the Civil Aviation Authority (CAA) to allow flights to continue as normal, despite Tui in theory falling foul of EU ownership rules.
Royal Dutch Shell ‘B’ (RDSB) – ‘Shell is ready for the energy shocks to come’. Like a pair of mysterious soothsayers, Maarten Wetselaar and John Abbott are peering into the future. The world they see is almost unrecognisable from the one we inhabit today, and yet it is only just around the corner. In the west, the petrol car has become obsolete. Lorries are powered by liquid natural gas. Freight liners criss-cross the oceans fuelled by hydrogen. Solar and wind provide the energy to our homes.
Sky (SKY) will aim to more than double its number of superfast broadband customers after becoming the first major provider to sign up to a discount wholesale deal with BT’s network arm Openreach. In exchange for price cuts of up to 40%, Sky has committed to sell superfast or ultrafast services to at least 84% of its broadband customers within five years. At its last results more than six out of 10 of its 6.2 million subscribers were still on basic packages.
Royal Bank of Scotland Group (RBS) is facing a political backlash over plans to slash its branch network by nearly half in less than a year. Nicky Morgan, the chairman of the powerful Treasury select committee, told The Sunday Telegraph she was concerned the latest cuts could lead to “financial exclusion” for vulnerable customers, such as the elderly or disabled.
Questor: OneSavings Bank (OSB) is growing – and so is its dividend. Buy if you have any spare cash
Questor: cutting Marks & Spencer Group (MKS) dividend would spark revolution, so income investors should hold
