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Virgin Atlantic creditors vote to approve £1.2bn bailout

Virgin Atlantic hailed ‘a significant milestone in safeguarding its future’ after creditors voted to approve a £1.2billion bailout.  The airline, which is closing its Gatwick airport base and cutting 3,550 jobs, said that shareholders, banks, aircraft owners and suppliers owed money had backed the plan.  The deal involves a £400m …

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MARKET REPORT: DFS recovers some Covid losses

Shares in sofa specialist DFS have recovered some of their pandemic losses thanks to a trend for home improvements.  Strong demand in the past six weeks handed it £70m in revenue, a year-on-year jump of 40 per cent.  DFS, which also owns Sofa Workshop and Sofology, culled jobs last month …

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