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Rolls-Royce in turmoil: Shares plunge 15% after a cut to company’s credit rating plunges it even deeper into crisis By Francesca Washtell For The Daily Mail Published: 22:21 BST, 29 May 2020 | Updated: 22:26 BST, 29 May 2020 Shares in Rolls-Royce tumbled nearly 15 per cent after a cut to its credit rating plunged … Read more
Big companies slammed over furlough abuse: Firms tapping funds aimed at saving jobs while plotting to fire thousands By James Salmon for the Daily Mail Published: 22:22 BST, 29 May 2020 | Updated: 22:22 BST, 29 May 2020 Boris Johnson has been urged to crack down on firms which furlough staff who they expect to … Read more
World’s second-biggest tickets seller accused of penalising customers who seek refunds because of coronavirus By Daily Mail City & Finance Reporter Published: 22:22 BST, 29 May 2020 | Updated: 22:22 BST, 29 May 2020 The world’s second-biggest tickets seller has been accused of penalising customers who seek refunds because of the coronavirus crisis. Eventim, which … Read more
Britain’s national debt set to hit £2 trillion for first time as cost of Covid-19 pandemic soars By Hugo Duncan for the Daily Mail Published: 22:16 BST, 29 May 2020 | Updated: 22:16 BST, 29 May 2020 Britain’s national debt is set to hit £2 trillion for the first time as the cost of the … Read more
Dealmaking appears to be returning to the property sector as investors look to bag a bargain during the market slump. Shares in shopping centre owner British Land climbed 2.5 per cent, or 10.1p, to 407.3p after Canadian investment firm Brookfield Asset Management snapped up a 7.3 per cent stake. Traders also welcomed the news that … Read more
Easyjet shares took off after it became the latest airline to unveil savage job cuts. In an effort to survive the coronavirus crisis, the budget carrier will axe as many as 4,500 staff – or 30 per cent of its 15,000-strong workforce. It also confirmed it will restart flights across the UK and France in … Read more
Quarter of Britain’s manufacturers say they are planning to cut jobs over next six months By James Salmon for the Daily Mail Published: 21:51 BST, 28 May 2020 | Updated: 22:12 BST, 28 May 2020 A quarter of Britain’s manufacturers plan to cut jobs over the next six months, according to an industry poll. One … Read more
£400billion added to value of UK listed firms in past 10 weeks as market bounces back from coronavirus lows By Lucy White For The Daily Mail Published: 21:50 BST, 28 May 2020 | Updated: 22:12 BST, 28 May 2020 More than £400billion has been added to the value of UK shares in the past ten … Read more
RBS pays £2.2m to 36,000 young customers after failing to warn them about higher overdraft fees By Daily Mail City & Finance Reporter Published: 21:51 BST, 28 May 2020 | Updated: 22:11 BST, 28 May 2020 Natwest owner RBS has been ordered to repay £2.2million to 36,000 young customers who were slapped with unarranged over-draft … Read more
It’s a family affair! Boohoo buys Pretty Little Things fashion label from founder’s playboy son in £300m deal By Daily Mail City & Finance Reporter Published: 21:50 BST, 28 May 2020 | Updated: 22:04 BST, 28 May 2020 The playboy son of Boohoo’s chairman is in line for a £300million windfall after the online retail … Read more