Business
Daily Mail’s £500m Telegraph takeover faces government investigation
The Culture Secretary has launched a formal probe into the proposed £500 million takeover of The Telegraph by the owner of the Daily Mail, a month after Lisa Nandy indicated she was “minded to intervene” on public interest grounds.
On Thursday, she confirmed a public interest intervention into the deal, which would expand one of the UK’s largest media groups.
Ms Nandy expressed “concerns” over the deal’s potential impact on the “plurality of views” in UK news media.
She aims to assess if it will affect newspaper customers by reducing the number of titles owned by different parent groups.
The Competition and Markets Authority (CMA) will now investigate the potential deal and report its findings to the Government.
Ms Nandy added that media regulator Ofcom will also look into the public interest implications for the possible deal.
In November, Daily Mail and General Trust (DMGT) agreed to purchase the Telegraph from RedBird IMI after an attempted purchase by the Abu Dhabi-backed investment firm was blocked by the then-Tory government.
A month later DMGT confirmed that it had secured funding to allow it to push forward with the deal.
The purchase would see The Telegraph become part of DMGT’s stable of media organisations, which also includes Metro, The i Paper and New Scientist.
The investigation is the latest twist in a roughly three-year ownership tussle for The Telegraph after it was put up for sale by lenders for previous owners the Barclay brothers.
An Abu Dhabi-backed consortium had struck a deal to buy the business but saw this blocked by the Government over foreign ownership concerns.
RedBird IMI, which was partly backed by US firm RedBird Capital but majority-owned by Sheikh Mansour bin Zayed Al Nahyan, vice president of the United Arab Emirates, originally agreed to buy the media firm and fellow title The Spectator in 2023.
The Spectator has since been sold to hedge fund tycoon Sir Paul Marshall’s OQS Ventures business for £100 million.
RedBird Capital then agreed a deal without the backing of IMI to buy The Telegraph but saw this collapse late last year before a new deal was struck with DMGT.
Business
Spirit Airlines sells more planes, calls back 500 flight attendants from furlough ahead of spring break
A Spirit Airlines plane is at George Bush Intercontinental Airport in Houston, Dec. 29, 2025.
Reginald Mathalone | Nurphoto | Getty Images
Spirit Airlines, trying to emerge from its second bankruptcy in less than a year, has sold another 20 of its Airbus planes and is bringing flight attendants back from furlough.
The sale of the 20 aircraft, most of which are not in service, comes as Spirit is attempting to stabilize after years of financial struggles that have executives fighting to keep the carrier alive.
“At this time, natural attrition and voluntary actions are providing flexibility needed to right-size our staffing levels for both Pilots and Flight attendants,” Spirit Chief Operating Officer John Bendoraitis said in a note to employees Wednesday night.
The sales brings Spirit’s fleet to 94 aircraft, and is “consistent with our plan to focus on our strongest routes and the most efficient fleet,” Bendoraitis said. The aircraft will be phased out starting in April, he said.
Deal talks with investment firm Castlelake and fellow budget carrier Frontier Airlines haven’t yielded an agreement that would give Spirit a path forward, though the airline could forge a plan on its own.
The Dania Beach, Fla.-based carrier is also calling 500 flight attendants back from furlough, just as it gears up for spring break travel season.
“Fixing this airline is a shared effort,” Bendoraitis said. “There’s a lot in this moment that crews can’t control, but we do need you to continue giving us the foundation for a strong operation.”
Spirit has slashed its network and fleet and furloughed more than 1,300 flight attendants and hundreds of pilots to save cash.
“This is good news for 500 Flight Attendants and their families and critical to those of us on the line that have faced a grueling operation over the last two months,” the Association of Flight Attendants-CWA, their union said in a message to members Wednesday. “The company’s goal in recalling Flight Attendants is to ease some of the operational issues since the furloughs.”
With costs escalating, pharmacies are making a loss on essential items such as aspirin.
Source link
Culture Secretary Lisa Nandy orders a review of the deal on public interest and competition grounds.
Source link
Spirit Airlines sells more planes, calls back 500 flight attendants from furlough ahead of spring break
BNP leads in Bangladesh election after strong turnout, show early counts
US container imports rebound to 2.32 mn TEUs in January
How a factory error in China created a viral “crying horse” Lunar New Year trend
Aye Finance IPO Day 2: GMP Remains Zero; Apply Or Not? Check Price, GMP, Financials, Recommendations
Private LTE/5G networks reached 6,500 deployments in 2025 | Computer Weekly
-
Entertainment6 days agoHow a factory error in China created a viral “crying horse” Lunar New Year trend
-
Business2 days ago
Aye Finance IPO Day 2: GMP Remains Zero; Apply Or Not? Check Price, GMP, Financials, Recommendations
-
Tech6 days agoPrivate LTE/5G networks reached 6,500 deployments in 2025 | Computer Weekly
-
Tech6 days agoNew York Is the Latest State to Consider a Data Center Pause
-
Fashion1 week agoICE cotton slides as strong dollar, metal sell-off hit prices
-
Business6 days agoStock market today: Here are the top gainers and losers on NSE, BSE on February 6 – check list – The Times of India
-
Tech6 days agoNordProtect Makes ID Theft Protection a Little Easier—if You Trust That It Works
-
Business6 days agoMandelson’s lobbying firm cuts all ties with disgraced peer amid Epstein fallout