moneymarkets

Glaxosmithkline pledges 1 billion doses of special chemical to improve effectiveness of Covid-19 vaccines By Matt Oliver For The Daily Mail Published: 21:51 BST, 28 May 2020 | Updated: 21:51 BST, 28 May 2020 Glaxosmithkline has delivered a major boost in the search for Covid-19 vaccines, vowing to pump out one billion doses of a … Read more

Debenhams announces axing of ‘hundreds’ of staff the day after Mike Ashley loses bid to launch inquiry into department store’s finances Debenhams announced three weeks ago that it would not reopen five stores Brands owned by Frasers Group include Sports Direct, Lillywhites & Jack Wills  About 90 of Debenhams’ stores are due to resume trading in … Read more

Three quarters of small and mid-size firms expect Covid-19 to have a ‘significant impact’ for months to come – but green shoots of recovery are sprouting already Business sentiment plummeted 31 points during the quarter to 79 out of 200  A Simply Business report found that Covid-19 has cost SMEs a total of £69billion Recent … Read more

Cineworld plans to reopen all of its 128 venues in July – with customers able to book socially distanced seats and film start times staggered This is Money has been told how social distancing could work at Cineworld FTSE 250-listed group saw its share price rise by nearly a quarter today   By Jane Denton For … Read more

The FTSE 100 hit an 11-week high as hopes that normality is in sight put a rocket under travel and engineering shares. London’s premier index rose 1.3 per cent, or 76.49 points, to close at 6144.25. The gains mean it has climbed 23 per cent from depths it plunged to in March, when markets were engulfed … Read more

Office space firm IWG courts investors with plan to raise £315m and take advantage of knock-down property prices By Daily Mail City & Finance Reporter Published: 21:50 BST, 27 May 2020 | Updated: 22:10 BST, 27 May 2020 Office space firm IWG last night launched a £315million shares placing and invited small shareholders to take … Read more

Notorious short-seller ‘Dark Destroyer’ tears into Boohoo accusing online fashion giant of misleading investors By Daily Mail City & Finance Reporter Published: 21:50 BST, 27 May 2020 | Updated: 21:50 BST, 27 May 2020 Boohoo has fought back against a short-selling attack by a financier known as the ‘Dark Destroyer’. Its shares plunged 10.9 per … Read more

Grocery sales rise at their fastest rate in 25 years as shoppers stock up during lockdown By Tom Witherow For The Daily Mail Published: 21:50 BST, 27 May 2020 | Updated: 22:09 BST, 27 May 2020 Grocery sales are rising at the fastest rate for more than quarter of a century as shoppers flock online … Read more

John Lewis unveils the first two of its department stores to reopen on 15 June – but there’ll be no fitting rooms and cafes will be shut Department stores in Kingston-upon-Thames and Poole will be first to reopen A further 11 John Lewis stores will reopen on 18 June, group said today Further John Lewis … Read more

Accountants PwC and KPMG face probe over their audits of Eddie Stobart after lorry firm’s crash By Lucy White For The Daily Mail Published: 22:58 BST, 26 May 2020 | Updated: 22:58 BST, 26 May 2020 The accountancy watchdog has launched yet another inquiry into PwC and KPMG – this time over their audits of … Read more