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Tag: cancellation

Deliveroo bankers face cancellation of £18m fee after IPO calamity

Deliveroo bankers face cancellation of £18m fee after IPO calamity

Business
The board of Deliveroo is facing demands from the company's new shareholders to cancel an £18m payout to the investment banks which this week launched one of the City's most turbulent flotations on record.Sky News can reveal that a number of furious investors want the company to decide "at the earliest opportunity" that it will not hand the discretionary fee to its banking syndicate, led by Goldman Sachs. Deliveroo's listing prospectus disclosed that it would pay the six banks involved in its initial public offering (IPO) a fixed fee of 1.66% of the capital raised in the flotation - equating to £27.5m. Please use Chrome browser for a more accessible video player ...
Amazon faces legal challenge over Prime cancellation policy

Amazon faces legal challenge over Prime cancellation policy

Technology
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The Latest: Virus threat prompts cancellation of SXSW

The Latest: Virus threat prompts cancellation of SXSW

Health
SEOUL, South Korea -- The Latest on the virus outbreak (all times local to Seoul): 7:10 a.m. Austin city officials have canceled the South by Southwest arts and technology festival. Mayor Steve Adler announced a local disaster as a precaution because of the threat of the novel coronavirus, effectively cancelling the annual event. The announcement comes days after several high-profile companies, including Netflix, tech news outlet Mashable, video-based social media platform TikTok and U.S. chip maker Intel, pulled out of the festival. More than 50,000 people had signed a petition seeking to get the festival cancelled. The U.S. death toll from the coronavirus has climbed to 14, with all but one victim in Washington state, while the number of infections swelled to over 200 scattere...
First all-female spacewalk back on after embarrassing cancellation

First all-female spacewalk back on after embarrassing cancellation

Technology
The first all-female spacewalk is back on, six months after a flap over spacesuits led to an embarrassing cancellation.The International Space Station's two women will pair up for the walk later this month, NASA announced on Friday. Christina Koch and the newly-arrived Jessica Meir will venture out on 21 October to plug in new batteries.It will be the fourth of five spacewalks involving battery work.The first is this Sunday, when Ms Koch will go out with a male colleague. Advertisement Image: The all-female spacewalk will take place on 21 October Ms Koch was supposed to go spacewalking with Anne McClain on 29 March, but NASA scrapped the plan because ...
‘Sort out this mess’: BA told to take action after flight cancellation gaffe

‘Sort out this mess’: BA told to take action after flight cancellation gaffe

Business
A consumer group has told British Airways to "sort out this mess" after mix-ups with flight cancellations ahead of next month's pilots' strike.The call comes after the airline apologised for an "email error" which meant some passengers were wrongly told their flights had been cancelled due to a pilots' strike. Adam French, consumer rights expert at Which?, said the issue had caused "a lot of confusion and anxiety".He added: "It is vital that the airline ensures that any customer who was initially informed that their flight was cancelled and has booked an alternative flight is not left out of pocket."British Airways must now put all resources necessary into sorting out this mess as soon as possible." Advertisement ...