moneymarkets

Insurance industry on the hook for millions over grounded Suez Canal cargo ship By Mark Shapland For The Daily Mail Published: 21:50 GMT, 25 March 2021 | Updated: 22:33 GMT, 25 March 2021 The insurance industry faces a mammoth bill after a giant cargo ship continued to block the vital Suez Canal. The 1,312 ft … Read more

Cineworld shares bombed after it laid bare the effect of months of closures and delayed blockbuster releases since coronavirus struck. The cinema chain, which has 9,300 screens at 767 theatres worldwide, swung to a £2.2billion loss in 2020, down from a profit of £155million the year before. It makes about three-quarters of its sales in … Read more

Santander has announced it will close 111 branches up and down the country by the end of August this year. The Spanish-owned lender said the ‘majority’ of branches being axed were under three miles from another Santander branch, with the furthest being five miles away. It said that all of the 111 closing branches were … Read more

Over half of companies listed on the stock market in Britain at a ‘heightened risk’ of collapse sought Government financial support in December, new findings show. Once taxpayer-backed Government support comes to an end, the companies in jeopardy could face a ‘financial cliff edge’, accounting giant EY warned in its latest analysis of profit warnings. … Read more

Is your bank closing? Santander shutting 111 branches by the end of August amid claims customers are switching to online By Jane Denton For Thisismoney Published: 09:18 GMT, 25 March 2021 | Updated: 09:20 GMT, 25 March 2021 Santander has announced it will close 111 branches up and down the country by the end of … Read more

Running a recruitment business in the midst of a pandemic, with unemployment soaring around the world, might seem like a nightmare. But not for Alistair Cox, who is the wiry 60-year-old chief executive of rapidly expanding Hays. The £2.6billion jobs agency, once part of the Hay’s Wharf group, with origins dating back to the 17th … Read more

Profits at Bloomsbury will smash City expectations after reading provided a ‘ray of sunshine’ in the third lockdown. Bookworm Britons snapped up the new Sarah Maas novel, A Court of Silver Flames, and Anna North’s Outlawed – as well as old favourites such as the Dishoom cook book and the publisher’s eternal cash cow Harry … Read more

British economy bounces back from the pandemic with fastest growth since August By Lucy White For The Daily Mail Published: 21:50 GMT, 24 March 2021 | Updated: 21:50 GMT, 24 March 2021 Business activity is growing at the fastest rate in seven months as Britain’s economy bounces back from the pandemic. Despite the continuing lockdown, … Read more

GlaxoSmithKline sacks US vaccine programme boss over sexual harassment allegations By Matt Oliver For The Daily Mail Published: 21:50 GMT, 24 March 2021 | Updated: 21:50 GMT, 24 March 2021 A GlaxoSmithKline executive who was poached to run the US vaccines programme has been fired by the British company over sexual harassment allegations. Moncef Slaoui, … Read more

US casino in £2bn swoop on online gambling firm Gamesys: Founders and bosses to hit £500m jackpot in bumper takeover deal By Mark Shapland For The Daily Mail Published: 21:50 GMT, 24 March 2021 | Updated: 21:50 GMT, 24 March 2021 The founders and bosses of online gambling firm Gamesys have hit the jackpot after … Read more