Among the big undeclared losers from overseas takeovers are Britain’s taxpayers. The nation’s research universities, supported by public funds, are the source of dozens of commercial spin-offs, the result of work done in labs and research institutes. When the companies fall into overseas hands, the UK corporate tax base is eroded and the patents and … Read more
Firms hit the panic button as Trump’s coronavirus travel ban triggers worst stock market rout since Black Monday By Francesca Washtell For The Daily Mail Published: 23:04 GMT, 12 March 2020 | Updated: 00:24 GMT, 13 March 2020 Some of Britain’s biggest firms were pushed to the brink yesterday after President Trump’s shock travel ban … Read more
Banks set to hand £20bn in emergency cash to small firms crippled by coronavirus By Daily Mail City & Finance Reporter Published: 23:09 GMT, 12 March 2020 | Updated: 00:27 GMT, 13 March 2020 Britain’s biggest banks pledged last night to immediately make available £20billion of emergency cash to small and medium-sized enterprises brought to … Read more
NMC probe uncovers fraud: Ailing health firm notifies authorities of suspected illegal activity By Daily Mail City & Finance Reporter Published: 23:10 GMT, 12 March 2020 | Updated: 00:27 GMT, 13 March 2020 Ailing NMC Health has admitted it may have found evidence it was involved in fraud. The FTSE 100 hospital operator, which runs … Read more
Car dealer Lookers’ chief operating officer quits amid ‘potential fraud’ probe By Daily Mail City & Finance Reporter Published: 23:14 GMT, 12 March 2020 | Updated: 23:14 GMT, 12 March 2020 Lookers’ chief operating officer Cameron Wade announced his resignation from the car dealership The chief operating officer of Lookers has resigned amid a probe over … Read more
US Federal Reserve to pump trillions of dollars into the financial system to fight coronavirus slowdown By Daily Mail City & Finance Reporter Published: 23:15 GMT, 12 March 2020 | Updated: 23:15 GMT, 12 March 2020 The US Federal Reserve has announced it will pump trillions of dollars into the financial system The US Federal … Read more
Hays Travel asks staff to take unpaid leave in bid to ease the pressure caused by coronavirus By Daily Mail City & Finance Reporter Published: 23:16 GMT, 12 March 2020 | Updated: 23:16 GMT, 12 March 2020 Hays Travel is taking emergency measures to cut its costs after fears over the spread of Covid-19 Hays … Read more
Lloyd’s of London to shut underwriting floors for first time in its history as a test of its coronavirus contingency plans By Daily Mail City & Finance Reporter Published: 23:21 GMT, 12 March 2020 | Updated: 23:21 GMT, 12 March 2020 Lloyd’s of London will close four floors of its 12-storey Lime Street building Lloyd’s … Read more
Moss Bros surges 50% after it agrees £22.6m takeover deal would be a good fit By Daily Mail City & Finance Reporter Published: 23:26 GMT, 12 March 2020 | Updated: 23:26 GMT, 12 March 2020 Moss Bros shares surged almost 50 per cent after it agreed to go private in a £22.6million deal. The suit … Read more
Watchdog exposes Galliford’s £94m accounting errors sending shares crashing 18% By Daily Mail City & Finance Reporter Published: 23:27 GMT, 12 March 2020 | Updated: 23:27 GMT, 12 March 2020 Accounting errors by Galliford Try inflated its net assets by more than £94million. The construction business’s mistakes were uncovered by the Financial Reporting Council (FRC), … Read more