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Virus grants are postcode lottery for small firms with some councils paying just one in ten eligible companies By James Salmon for the Daily Mail Published: 21:51 BST, 22 April 2020 | Updated: 21:51 BST, 22 April 2020 Desperate firms scrambling for emergency grants to survive the pandemic face a ‘postcode lottery’, with some councils … Read more
Insurance giant Hiscox set to be hit with £142m virus bill as it faces legal action from firms claiming they were unfairly treated By Daily Mail City & Finance Reporter Published: 21:51 BST, 22 April 2020 | Updated: 21:51 BST, 22 April 2020 Insurance giant Hiscox could be hit with a £142million bill from pandemic … Read more
Victoria’s Secret £890bn takeover on the brink after row over store closures and executive pay cuts By Daily Mail City & Finance Reporter Published: 21:51 BST, 22 April 2020 | Updated: 21:51 BST, 22 April 2020 The £890bn takeover of Victoria’s Secret owner L Brands is on the brink The £890billion takeover of Victoria’s Secret … Read more
Worse to come for ‘broken’ crude oil market as coronavirus crisis causes extreme oversupply By Francesca Washtell For The Daily Mail Published: 21:51 BST, 22 April 2020 | Updated: 21:51 BST, 22 April 2020 Oil prices sank to fresh 21-year lows before recovering as markets continued to grapple with extreme oversupply caused by the coronavirus … Read more
The slump in demand for electricity has been worse than previously thought and could knock British Gas owner Centrica hard, according to analysts at Jefferies. The utility giant was among the biggest fallers on the FTSE 100 after the US investment bank downgraded its stock from ‘buy’ to ‘hold’, slashed earnings forecasts by a third … Read more
Ocado accused of ‘profiteering’ from the coronavirus crisis by hiking prices and axing discounts as demand for deliveries soars By Hugo Duncan and Tom Witherow For The Daily Mail Published: 21:51 BST, 22 April 2020 | Updated: 21:51 BST, 22 April 2020 Ocado has been accused of ‘profiteering’ from the coronavirus crisis by axing discounts … Read more
Richard Branson has touched a raw nerve with his £500million bailout request for Virgin Atlantic. He is portrayed as a tax-avoiding wastrel, living the high life in the Caribbean with a reputation for treating women carelessly. All this is true and the Virgin Money rescue of Northern Rock after the financial crisis cost the taxpayer … Read more
More than two million furloughed workers signed up for taxpayer-funded wage subsidies in just two days By James Salmon for the Daily Mail Published: 21:50 BST, 22 April 2020 | Updated: 21:50 BST, 22 April 2020 More than 2m furloughed workers have been signed up for taxpayer-funded wage subsidies in just two days. HM Revenue … Read more
Laura Ashley rescued: Administrators agree deal with restructuring firm Gordon Brothers By Daily Mail City & Finance Reporter Published: 21:50 BST, 22 April 2020 | Updated: 21:50 BST, 22 April 2020 The Laura Ashley brand has been saved after its administrators agreed a sale to Gordon Brothers. The fashion and homeware store went bust last … Read more
Army of subscribers flock to Netflix: Video streaming giant hopes to gain 23 million new subscribers in first half By Daily Mail City & Finance Reporter Published: 21:50 BST, 22 April 2020 | Updated: 21:50 BST, 22 April 2020 Netflix predicts it will gain more than 23m subscribers in the first half of this year … Read more