The new Head Boy at Banco Espírito Santo (BES) says he is opening a new chapter in the bank’s history.
Vítor Bento, chief executive of BES, today wrote a letter to customers (see below) asking for their confidence and claiming that his management team will sort it all out.
Just as Ryanair steps back, albeit slightly, from taking every chance to impose extra charges on its passengers, other carriers have stepped up to the plate.
Most dependent on extra charges is the American flyer Spirit Airlines, based in Florida.
Britain’s NHS is to open itself to feedback from users in the style of TripAdvisor.
Every NHS patient will be free to give feedback on the care they receive and to say if they would recommend their treatment to others.
The British government has promised free and impartial advice to pension savers from next year.
Advice will focus on investing pensions now that reforms in pension schemes have been announced which will allow people freedom to access their pension savings to use as they wish.
Portugal's Attorney General's Office is investigating the investment of €900 million by Portugal Telecom in Rioforte, controlled by the Espírito Santo Group, and other events surrounding the Group's financial meltdown.
The Public Prosecutor has confirmed that investigations into the problems at various Espírito Santo companies began before revelations reached the press and become public.
Wind farms have come under renewed fire in the UK as environmental agencies oppose plans for a new one off the south coast of England.
Rampion wind farm, with up to 175 very tall turbines, has been approved by ministers in the first wind farm on that coast.
Supermarket giant Tesco is to use some of its undeveloped land in the UK for 4,000 houses instead of supermarkets.
The retailer has reduced its plans to expand in the UK, where it is estimated to own a landbank large enough to allow for 15,000 houses.
Monarch Airlines, along with its group companion Cosmos Holidays, are believed to have received an injection of £60 million.
This will be the third time in five years that Swiss billionaires have recapitalised the business. In 2009 £45 million was injected, followed two years later by £75 million.
