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Co-op Bank axing 18 branches and slashing 350 jobs, in another blow to Britain’s beleaguered High Streets By Lucy White For The Daily Mail Published: 23:47 BST, 25 August 2020 | Updated: 23:47 BST, 25 August 2020 Co-op Bank is axing 18 branches and slashing 350 jobs, in another blow to Britain’s beleaguered high streets. … Read more
Appledore shipyard, where vessels have been built for almost two centuries, to reopen after being rescued in £7m deal By Daily Mail City & Finance Reporter Published: 23:46 BST, 25 August 2020 | Updated: 23:46 BST, 25 August 2020 The Appledore shipyard, where vessels have been built for almost two centuries, is to reopen after … Read more
Laid low by a flagging share price, BT is now feared to be an attractive target for vulture funds that could swoop in and pick it to pieces. The former state telecoms monopoly, privatised by Margaret Thatcher, was worth £49billion four years ago but its value has since been diminished to just over £10billion. Yet … Read more
High Court judge paves way for administrators to sue four directors connected to London Capital & Finance savings scandal By Lucy White For The Daily Mail Published: 23:46 BST, 25 August 2020 | Updated: 23:46 BST, 25 August 2020 A High Court judge has paved the way for administrators to sue four directors connected to … Read more
‘We fought for £9.5k refund’: Insurers are unfairly rejecting claims for cancelled weddings By Money Mail Reporter For The Daily Mail Published: 22:27 BST, 25 August 2020 | Updated: 22:27 BST, 25 August 2020 Fighting back: Teachers Lidia Szmid, 30, and partner Adam Burton, 32 Insurers are unfairly rejecting claims for cancelled weddings. But one couple … Read more
Top stockbroker warns City of London risks being ‘hollowed out’ as thousands of white collar workers refuse to return to their desks By Lucy White For The Daily Mail Published: 22:24 BST, 25 August 2020 | Updated: 22:24 BST, 25 August 2020 The City of London risks being ‘hollowed out’ as thousands of white collar … Read more
Virgin Atlantic hails ‘significant milestone in safeguarding its future’ after creditors vote to approve £1.2bn bailout By Matt Oliver For The Daily Mail Published: 22:24 BST, 25 August 2020 | Updated: 22:24 BST, 25 August 2020 Virgin Atlantic hailed ‘a significant milestone in safeguarding its future’ after creditors voted to approve a £1.2billion bailout. The … Read more
Shares in sofa specialist DFS have recovered some of their pandemic losses thanks to a trend for home improvements. Strong demand in the past six weeks handed it £70m in revenue, a year-on-year jump of 40 per cent. DFS, which also owns Sofa Workshop and Sofology, culled jobs last month after lockdown forced it to … Read more
Virgin Atlantic faces anxious wait as creditors vote on whether £1.2bn Covid bailout is going to fly Airline could run out of cash in September if survival deal is not approved Virgin Atlantic is 51% owned by Richard Branson’s Virgin Group and 49% by Delta The embattled airline owes more than £50m to trade creditors … Read more
British software giant Aveva snaps-up Softbank-backed American tech company Osisoft for £3.8bn Together, the companies have 93 years of operating expertise and experience Osisoft has 1,400 employees and its systems are used on 14,000 sites worldwide In the 12 months to June 30, Osisoft reported revenue of £373 million By Angelique Ruzicka For Thisismoney.co.uk Published: 13:14 … Read more