P&O could face bankruptcy following insurance increase, analysts warn

By 20th April 2022 May 5th, 2022 News
Mactavish for City AM

P&O could face bankruptcy, analysts told City A.M. as they warned a drop in the ferry operator’s safety rating is set to see its insurance bills soar.

The company faces a “sky-high insurance bill” after its safety ratings sank to the “riskiest bracket,” in the face of mounting scrutiny from the UK government over its unlawful decision to fire 800 workers via video call.