Banks stockpile cash for bumper bonuses: Barclays boosts payout

Banks have begun stockpiling cash to pay out bumper bonuses in the New Year, The Mail on Sunday can reveal.  Documents show Barclays has boosted this year’s bonus pool for bankers by 9 per cent to £745million – £63million more than it set aside last year – after making huge profits at its investment bank.  … Read more Banks stockpile cash for bumper bonuses: Barclays boosts payout

Supermarket Asda plans to hire out space to other shops

Supermarket giant Asda set for significant overhaul that will mimic department stores by hiring out large parts of its shops to other businesses By Neil Craven, Financial Mail on Sunday Published: 21:51 GMT, 24 October 2020 | Updated: 21:51 GMT, 24 October 2020 Supermarket giant Asda is set for a significant overhaul that will mimic … Read more Supermarket Asda plans to hire out space to other shops

Crispin Odey’s hedge fund mulls name change

Crispin Odey’s hedge fund business considering rebrand that could see tycoon’s name drop off some funds By Emma Dunkley, Financial Mail On Sunday Published: 21:51, 24 October 2020 | Updated: 21:51, 24 October 2020 Crispin Odey’s hedge fund business is considering a rebrand that could see the tycoon’s name drop off some of its funds.  … Read more Crispin Odey’s hedge fund mulls name change

Serco boss blasts back at critics of Test and Trace ‘shambles’

Scepticism is a peculiarly British trait. The idea that we might actually be able to do something well seems too absurd to contemplate.  Before the 2012 Olympics, the general view was it was all going to be a disaster: the stadiums would be late; the Tube drivers would go on strike; the opening ceremony would … Read more Serco boss blasts back at critics of Test and Trace ‘shambles’

No-frills airline Wizz Air plots swoop for 1 in 5 Gatwick flights

Wizz Air plotting expansion that could see it operating up to one in five flights from Gatwick within five years By Harriet Dennys, Financial Mail On Sunday Published: 21:50 GMT, 24 October 2020 | Updated: 21:50 GMT, 24 October 2020 Wizz Air is plotting a multi-billion-pound expansion that could see it operating up to one … Read more No-frills airline Wizz Air plots swoop for 1 in 5 Gatwick flights

Bosses at rail operator FirstGroup return to full salaries

FirstGroup bosses back on full salaries after taking pandemic pay cut despite collapse in train passenger numbers and Government’s bailout of industry By Alex Lawson, Financial Mail On Sunday Published: 21:50 GMT, 24 October 2020 | Updated: 21:50 GMT, 24 October 2020 Bosses at rail operator FirstGroup have returned to full salaries after taking a … Read more Bosses at rail operator FirstGroup return to full salaries

Hotelier rolling out overnight pre-flight Covid testing

Billionaire hotelier Surinder Arora rolling out overnight pre-flight Covid testing across his airport hotels to help drive recovery in aviation industry By Harriet Dennys, Financial Mail On Sunday Published: 21:50 GMT, 24 October 2020 | Updated: 21:50 GMT, 24 October 2020 Billionaire hotelier Surinder Arora is rolling out overnight pre-flight Covid testing across his airport … Read more Hotelier rolling out overnight pre-flight Covid testing

Top shareholder backs Boohoo chiefs amid call for founder to quit

Top shareholder backs Boohoo chiefs amid calls for founder to step down following sweatshop scandal By Daily Mail City & Finance Reporter Published: 22:01 BST, 23 October 2020 | Updated: 22:34 BST, 23 October 2020 Boohoo’s billionaire founder has been backed by his largest independent investor. MPs called for Mahmud Kamani to step down as … Read more Top shareholder backs Boohoo chiefs amid call for founder to quit

London Stock Exchange’s £20bn merger with Refinitiv delayed to 2021

London Stock Exchange’s £20bn merger with Refinitiv is delayed until next year By Lucy White For The Daily Mail Published: 22:01 BST, 23 October 2020 | Updated: 22:27 BST, 23 October 2020 The London Stock Exchange has admitted that its long-anticipated deal with Refinitiv will be delayed into the new year. It had hoped to … Read more London Stock Exchange’s £20bn merger with Refinitiv delayed to 2021

US vultures swoop on British builder: McCarthy & Stone backs £630m bid

US vultures swoop on British builder: Retirement homes firm McCarthy & Stone backs £630m bid sparking fears for its elderly residents By James Salmon for the Daily Mail Published: 22:01 BST, 23 October 2020 | Updated: 22:27 BST, 23 October 2020 Britain’s biggest builder of retirement homes could fall into the hands of an overseas … Read more US vultures swoop on British builder: McCarthy & Stone backs £630m bid