UK holiday company collapse
UK holiday company Goldtrail collapsed yesterday with 16,000 customers left stranded overseas and future holidays under threat. There is also anger regarding the fact that many customers were left waiting with no news at various airports around the UK, despite the fact that the company had collapsed hours earlier. So what next for stranded holidaymakers?
The Civil Aviation Authority is currently looking at making arrangements to fly stranded passengers back to the UK under the ATOL scheme. So in theory, while there has been severe inconvenience, the vast majority of those stranded overseas should be back in the UK very soon. However, the situation regarding those with holidays booked for the future through Goldtrail will be very different and advice should be sought regarding potential compensation.
This is the first holiday company collapse for sometime in the UK although it appears there have been serious reservations about the company in question for some time. However, quite what prompted the sudden collapse of the company remains to be seen although there will likely be some form of investigation to see if lessons can be learned. Whether this will be the first of a number similar collapses in the short to medium term is of serious concern.
Are wind farms the way ahead for Scotland?
The Crown Estate, which owns the U.K.'s seabed stretching for 12 miles from shore, has today given its blessing to 10 new wind farms in Scotland. If the companies looking to operate the wind farms are able to gain funding for the project, we could see literally hundreds of turbines generating significant power up and down the Scottish coastline. Initial figures suggest that while the power produce...Read More
Gas traders push UK prices higher
The ongoing Ukraine Russian issue with regards to the exportation of gas to the European market has moved ahead this evening with traders pushing up the price of UK gas as a means of filling the growing shortage across Europe. This will mean that UK energy providers will need to pay more for their gas in the wholesale market and effectively kill stone dead any chance of reductions in UK gas bills...Read More
Channel 4 could merge with BBC worldwide
There are serious concerns that Channel 4 is on the brink of going into bankruptcy and a merger with BBC worldwide is seriously being considered by the television regulators. This is a move which has shocked many in the media market who while aware of the troubles of Channel 4 had not expect a potential merger with BBC worldwide to be added to the mix.
If the merger was to go ahead...
British Gas Profits rise 14pc
British Gas has reported a rise in profits of 14pc throughout 2012. It is though the company benefited from colder weather which saw consumers use more energy, as well as significant growth in the company’s oil and power generation business. Total profits for the year stood at a massive £2.74bn, while the British Gas residential energy supply arm, which raised prices for consumers in Octobe...Read More
E.On announces 6% gas price reduction
UK energy provider E.On has today revealed plans to cut 6% from the cost of gas from the end of March. This move has been welcomed by consumer groups although it is evident that only 1.9 million of the company's 5.5 million customers will benefit as electricity only customers will see no reductions and those on fixed rate tariffs will not benefit either. E.On is the third of the U.K.'s larger ener...Read More