International Airlines Share News (IAG)

(Sharecast News) - Neil Woodford has broken his silence on the collapse of his investment firm and revealed he plans to start all over again in a tearful and defiant interview. Speaking publicly for the first time since his business imploded in October 2019, exclusively to The Telegraph, the fund manager said he was "very sorry for what I did wrong". But he lashed out at the administrator of Woodford Investment Management, Link Fund Solutions, and rejected widespread criticisms of his operating style. - Sunday Telegraph
Renewable energy giant SSE has launched a plan to become Britain's first global windfarm business as it invests up to £15billion over the next decade. Chief executive Alistair Phillips-Davies said he is looking to 'branch out from the UK and Ireland' to build windfarms in continental Europe, the US and Japan. Last month, SSE submitted a bid to develop Denmark's largest offshore windfarm, called Thor, in partnership with Danish investment fund Copenhagen Infrastructure Partners. - Financial Mail on Sunday

The boss of British Airways has urged Boris Johnson to commit to lifting the tough restrictions on international travel to save the summer holiday season. In a letter sent to the Prime Minister on Friday, BA's chief executive, Sean Doyle, blasted the Government's 'uncertainty' and 'mixed messaging' over whether summer holidays are possible this year. He urged Johnson to set out a timetable for restarting travel - now that around 15million Britons have been vaccinated. - Financial Mail on Sunday

Ministers are drawing up plans to extend protections for commercial property tenants in another hammer blow to landlords suffering huge shortfalls in rent. The business department and the Ministry of Housing, Communities and Local Government (MHCLG) have been talking to the property, retail and hospitality sectors over how best to extend the moratorium on landlords' ability to evict tenants over unpaid rent. That policy has helped rent arrears swell to an estimated £4.5 billion. To try and defuse this time bomb, the government may also introduce guidance on how landlords and their tenants should determine how bills are split. - Sunday Times

Burberry has repaid a £300 million loan from the Bank of England, underlining the growing gulf between the corporate haves and have-nots. The luxury fashion house repaid the money from the Bank's Covid Corporate Financing Facility (CCFF) in recent days - helped by a strong recovery in online sales and demand in China. It will also repay about £7 million of business rates relief - a tax break handed to high street retailers. - Sunday Times

One of the investment banks hired to lead the £4 billion float of Darktrace has quit amid concerns about its links to tech tycoon Mike Lynch. UBS is said to have told the Cambridge-based cyber-security giant that it was unable to complete the required suspicious-activity reports, Sky News reported. Lynch is fighting extradition to the US, where he faces 17 counts of wire and securities fraud related to the $11 billion sale of his software company Autonomy to Hewlett-Packard. - Sunday Times

Thousands of workers saving pensions at Sir Philip Green's Arcadia Group have been offered fresh hope they will recover more from their savings than feared following the sale of property assets at the tycoon's collapsed company. Sources said the Arcadia scheme is on course to remain independent of the pensions lifeboat - which protects people with a defined benefit pension when an employer becomes insolvent, but at a reduced level - after trustees said they had realised £173m via the sale of assets since the company failed. - Guardian