moneynews

Bank of England probes how long banks can survive the lockdown as UK’s biggest lenders set aside £3.4bn to cover defaults on loans  The results of the tests are expected to inform the Government’s strategy BoE said it will report on the health of the financial system in early May  A separate investigation into the … Read more

Burger King to ramp up deliveries as it unveils lockdown exit plan Burger King has so far reopened six of its 550 restaurants for deliveries It now plans to reopen ten more sites a week  By Harriet Dennys For Financial Mail On Sunday Published: 22:21 BST, 25 April 2020 | Updated: 22:21 BST, 25 April … Read more

Social distancing rules ‘will ruin’ pubs, warns boss of Britain’s oldest brewer Pubs may have to seat people two metres apart if distancing lasts all year They may also have to install Perspex screens at the bar  By Harriet Dennys For Financial Mail On Sunday Published: 22:21 BST, 25 April 2020 | Updated: 22:21 BST, … Read more

Homebase chief executive Damian McGloughlin is having a busy weekend. Yesterday, he quietly reopened 20 shops after the business mothballed all 158 stores four weeks ago at the peak of the coronavirus crisis. And he will spend today mulling over how many more will follow – and how soon. McGloughlin kept the relaunch under wraps … Read more

Port Talbot steelworks’ owner Tata Steel seeks £500m loan from UK Government Talks are at an early stage and no agreement is likely to be announced soon Tata Steel’s large customers, such as car makers, have stopped production The manufacturer has also been hit by a rise in raw material costs  By Ben Harrington For … Read more

More than half of B&Q stores have reopened to DIY enthusiasts looking to spruce up their homes and gardens during the pandemic lockdown. The DIY chain opened 14 stores over the weekend to test the waters, then opened a further 61 on Wednesday and another 80 today. Now, 155 of the retailer’s 297 stores are open … Read more

Selfish shoppers stealing delivery lifelines: They routinely hog the best supermarket slots – leaving the most needy waiting weeks for supplies Supermarkets urged to do more to ensure families can get regular deliveries Many complain they must  stay up into the small hours to secure a delivery spot  People able to visit shops urged to … Read more

The country has now been in lockdown for a month and the Government has tabled an unprecedented support package for businesses, worth hundreds of billions of pounds. But some workers are still worried they will lose their jobs and business owners are still fearing collapse. Today, Money Mail shines a spotlight on the cracks where … Read more

When Andrew Bailey switched on his TV at home on Monday evening for the latest Covid-19 coverage and saw that the price of West Texas Intermediate oil had plunged into negative territory, it was something of an alarm call. For the Governor of the Bank of England – one of the small team of executives … Read more

Emergency loan scheme has already lent £10.8bn to 35 of the biggest firms, says Bank of England chief By Ruth Sunderland for the Daily Mail Published: 23:13 BST, 21 April 2020 | Updated: 23:13 BST, 21 April 2020 A Bank of England scheme set up to help larger companies with emergency loans has already dispensed … Read more