Under the changed system customers collect points rather than reward coupons, with £1 spent equalling one point.
EasyJet shares surged 10.5% after agreeing in principle to a £5.5 billion takeover bid from U.S. private equity firm Castlelake. The improved offer comes after EasyJet rejected a previous proposal, amidst global aviation sector stress due to rising jet fuel costs.
US travelers are increasingly opting for international travel during the offseason to avoid heat, crowds, and high prices. Airlines are responding by extending flight seasons to European destinations, recognizing the demand for premium seats and higher spending potential from these travelers.
ITV is selling its media and entertainment divisions, including broadcast channels and the ITVX streaming service, to Sky for £1.6bn. The deal aims to create a stronger competitor against global streaming giants and YouTube in the UK market.
Chinese tea chain Molly Tea must pay $1.5m in damages for copying Louis Vuitton's iconic four-petal flower monogram trademark. The ruling has sparked online debate in China over copyright protection and brand imitation.
A report suggesting Anthropic is in talks with Samsung for a custom AI chip sent chip stocks plummeting. Despite Anthropic's denial of custom chip aspirations, the market reacted negatively, recalling past disruptions caused by AI advancements.
EasyJet and US investment firm Castlelake have reached an agreement in principle for a potential takeover offer of around £5.2 billion, valuing shares at £6.90 each. Regulatory approvals and shareholder votes are still required.
