Other Company News
Bridgepoint sells Hobbycraft for undisclosed sum
Fund manager Bridgepoint Capital has disposed of British arts and crafts retailer Hobbycraft to investment group Modella Capital for an undisclosed sum.
Ryanair no longer sees risk of double-digit average fare reductions
Budget carrier Ryanair said on Tuesday that it no longer sees a risk of average fares falling by double-digit percentages and that a more moderate 5% fall "looks reasonably accurate" for the all-important three months ending September.
PwC fined £15m over failure to report London Capital & Finance suspicions
The Financial Conduct Authority has fined PwC £15. 0m for failing to report its belief that London Capital & Finance may be involved in fraudulent activity, marking the first time the regulator has fined an audit firm.
Heathrow loses 90,000 transfer passengers due to ETA scheme
Britain's Heathrow Airport said on Monday that passenger numbers had fallen by 90,000 on certain routes following the introduction of a £10 electronic travel authorisation charge that it branded “devastating" for its hub competitiveness.
FSB calls on home secretary to help riot-affected SMEs
Small business group the National Federation of Small Business implored home secretary Yvette Cooper to help facilitate fair treatment of small and medium-sized enterprises by the insurance industry in the wake of rioting that has swept Britain in the last ten days.
Ofwat slaps UK water firms with fines over historic sewage spills
Thames Water, Yorkshire Water and Northumbrian Water were all the subjects of Ofwat's ire on Tuesday as the water regulator looks to clean up the industry amid historic sewage spills.