Fresh row hits tainted UK Finance: Ex boss accused of sorting ‘questionable’ £2bn loan as Barclays fought to avoid a Government bailout in 2008 By Tom Witherow For The Daily Mail Published: 21:51 BST, 19 June 2020 | Updated: 21:51 BST, 19 June 2020 The former boss of UK Finance embroiled in a sexism row … Read more
A Barclays bank boss was furious after city financier Amanda Staveley got more credit than his glamorous ex-wife for bringing in a £2billion Qatari investment deal negotiated during the 2008 global financial crisis, the High Court has heard. Ms Staveley, 47, claims her private equity firm PCP Capital Partners is owed money for the work … Read more
Struggling airlines tap up Bank of England for almost £2bn in emergency state-backed loans as they try to weather coronavirus crisis By James Salmon for the Daily Mail Published: 22:10 BST, 4 June 2020 | Updated: 22:10 BST, 4 June 2020 Struggling airlines have tapped up the Bank of England for almost £2billion in emergency … Read more
Compass Group shares dropped after it detailed plans for the biggest fundraising since the coronavirus crisis began. The world’s largest catering firm managed to raise a staggering £2billion from investors to help it survive the lockdown. The mass closures of schools, offices and sports stadiums have hammered demand for its services. Revenues sank by a … Read more
Transport Secretary Grant Shapps says building new hospitals in weeks during coronavirus crisis shows it should not take ’20 years to build a road’ as he pledges to ‘rapidly improve’ UK infrastructure Grant Shapps pointed to building of NHS Nightingale hospitals during crisis He said if hospitals can be built quickly there is no reason … Read more
London mayor Sadiq Khan was warned tonight that he will have to put up fares on the Tube and city buses in exchange for a public transport bail-out from the Government. Transport Secretary Grant Shapps said he was ‘optimistic’ of striking a deal to plough money into Transport for London (TfL), after Mr Khan threatened … Read more
Vodafone will pay £2bn dividend despite covid crisis: Telecoms giant swings back into profit By Matt Oliver For The Daily Mail Published: 23:35 BST, 12 May 2020 | Updated: 00:20 BST, 13 May 2020 Vodafone has swung back into profit and stuck by its £2.1billion dividend, despite pressures from the coronavirus crisis. In a boost … Read more
UK economy losing £2bn every day in deepest slump since Great Depression By Hugo Duncan And Ruth Sunderland For The Daily Mail Published: 22:29 BST, 16 April 2020 | Updated: 22:29 BST, 16 April 2020 The coronavirus lockdown has already wiped £50 billion off the economy as the UK plunges into the deepest slump since … Read more