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British company Virgin Atlantic, together with Connect Airways investors, are buying the Flybe low-coster. Negotiations were conducted in 2018 and the parties managed to agree on the amount of 2.2 million pounds. Upon completion of the deal, investors will spend 80 million pounds on the development of airline business. The new owners of the low-cost airline will also attract a loan of 20 million pounds and direct it to “support working capital and operational needs”. A consortium of investors will expand the network and increase the range of flights, while Flybe will continue to serve passengers in the UK and Ireland.
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
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