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Hot Off The Wires - 5 December 2019

News

  • Eddie Stobart has lined up Deloitte to prepare it for insolvency amid fears the trucking company could collapse in a matter of days.

  • Card retailer Clintons is out of administration after sealing a rescue deal with the chains existing owners, safeguards 2,500 jobs.

  • Exercise bike firm Peloton has lost nearly $1.5bn in market value after a backlash against a Christmas advert widely derided as “sexist and dystopian”.

  • Boris Johnson has suggested that allowing Huawei to invest in the UK’s 5G network might harm the nation’s security; the move came after Donald Trump applied pressure for other countries to adopt the US ban.



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