A businesswoman who sued Barclays for £600million over the behaviour of the bank’s bosses when negotiating investment deals during the 2008 financial crisis today lost her High Court battle. Amanda Staveley, 47, had said that senior executives agreed to provide an unsecured £2billion loan to Qatari investors, which she alleged was ‘concealed’ from the market, … Read more
Plumbing company Wolseley is targeted in a £600m buyout war Private equity firm Clayton Dubilier & Rice is said to be one of the bidders It employs former chief executive of Tesco Sir Terry Leahy as an adviser It is believed Wolseley could change hands for between £400m and £600m By Ben Harrington For The … Read more
While 2020 was certainly a challenging year for everyone, Kylie Jenner and Kanye West found a way to capitalize (literally) more than any other celeb. Jenner, 23, and West, 43, who is married to her half-sister Kim Kardashian, topped Forbes’ annual list of highest-paid celebrities for the year 2020. Jenner easily topped the list with … Read more
Royal Mail shares hit highest level in almost two years as it reveals online boom could deliver £580m in extra revenue The firm is making more money from parcels than letters for the first time The boom in demand is expected to result in its busiest ever Christmas Bosses predict it could add between £380m … Read more
Shopping centre giant Hammerson set to tap investors for £600m Hammerson has only received a fraction of rent due over the past six months It is currently the London Stock Exchange’s most shorted company By Neil Craven for The Mail on Sunday Published: 22:31 BST, 1 August 2020 | Updated: 23:02 BST, 1 August 2020 … Read more
Lloyds Banking Group slumped to a pre-tax loss of £602million in the first half of the year, warning investors that the impact of the pandemic was more ‘profound’ and ‘much larger’ than it expected. The lender has set aside £3.8billion for a spate of bad debts expected once furloughing ends, more mass job cuts emerge … Read more
Fast fashion drives recovery at Primark as crisis costs it £600m with sales for the past quarter plummeting 75% By Daily Mail City & Finance Reporter Published: 21:50 BST, 2 July 2020 | Updated: 22:02 BST, 2 July 2020 Sales at the fast fashion retailer Primark’s stores are recovering well after the Covid-19 pandemic cost … Read more
Documents show Tesla tycoon Elon Musk’s £600m bonus is part of what could become a £45bn bonanza By Daily Mail City & Finance Reporter Published: 22:20 BST, 31 May 2020 | Updated: 22:20 BST, 31 May 2020 Tesla tycoon Elon Musk’s £600m bonus is part of what could become a £45billion bonanza, documents show. The … Read more
Banks are set to make more than £600 million in extra interest paid by cash-strapped homeowners taking mortgage holidays, Money Mail can reveal. Campaigners say the vast profit lenders will make from the crisis is ‘disgraceful’ and are demanding they scrap additional interest charges. The breaks are seen as a lifeline for borrowers facing financial … Read more