Hints and tips:
...P&O and DFDS declined to comment....
...S&P’s O’Neill expects miners will look at energy efficiency, especially the economics of renewable energy projects. But that might not be enough....
...P&O declined to comment on its pensions liabilities....
...P&O declined to comment on the pension scheme’s debt....
...However, Philip Hammond reduced the allowance to £2,000 from April 2018....
...London-listed tour operator On The Beach Group reported winter bookings 26 per cent ahead of 2022-23 in a reassuring investor update this year, while passenger bookings at P&O Ferries going into the winter...
...Neill, managing director of S&P Global’s Digital Assets Research Lab....
...Exchanges: The US is crushing Europe’s domestic exchanges, argues Philip Augar....
...Sulayem said the decision had been taken by the P&O board without input from its Dubai parent, and the move could not be reversed. “The decision [the P&O board] made was their decision . . ....
...DP World did not publish figures showing the financial performance of P&O. Accounts filed in the UK showed P&O Ferries lost a combined £200mn in 2020 and 2021. Additional reporting by Philip Georgiadis...
...The TUC said P&O “must not be allowed to get away” with its treatment of staff....
...“This is about giving P&O a long-term future or closing it,” he said....
...So while the revenue side of the house is doing extremely well . . . the cost has also been significant, so that has put pressure on us from a P&L perspective,” he said....
...P&O has said it would be happy to pay the minimum wage, if its rivals did the same....
...P&O’s chief executive Peter Hebblethwaite has admitted the company broke the law by failing to properly consult with unions....
...P&O declined to comment....
...But ministers have been unable to force P&O to reinstate its former workers....
...At the time, P&O predicted disruption would last between five and 10 days....
...“This is about giving P&O a long-term future or closing it,” he added....
...P&O did not respond to a request for comment....
...They reveal that Shapps was warned that low-cost competition from Irish Ferries “poses challenges” to P&O....
...It said that six months on from P&O’s mass sacking of its UK sailors, the ferry operator had been “allowed to get away scot-free” despite the government vowing at the time to hold the company to account....
...P&O said: “Safety is the utmost priority for P&O Ferries and our crewing management partners....
...Hebblethwaite added that P&O had no choice but to fire the staff and “needed fundamental change to make us viable”. “All other routes led to the closure of P&O Ferries....
...This would have meant the loss of 3,000 jobs and the end of P&O Ferries,” P&O said on Tuesday....
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