The initiatives, according to the Evening Standard, could also involve asset write-downs of more than £100m. It has decided to transfer the controversial minority interest preference shares (Mips) onto its overdraft.
Announced today the move is likely to please investors, after one analyst described the controversial financial instrument as a ticking bomb in MyTravel’s accounts’.
Chief executive, Peter McHugh, is locked in a compaign to shore-up the company’s finances. He has succeeded in extending the £1.15bn lending facility, in order to give the group more breathing space.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements