Hedge funds bet on £500m cash call at shopping centre landlord Hammerson due to coronavirus crisis Hammerson may tap investors for up to £500m to cope with coronavirus crisis A major deal to offload seven retail parks fell through as buyer Orion pulled out Hammerson will get to keep the £21m deposit paid by the bidder … Read more
EasyJet ‘may need to raise £1bn cash’ through a rights issue Analyst Mark Manduca says it may have to raise between £700m and £1bn Manduca warned that several things ‘could worsen this outcome’ By Ben Harrington For The Mail On Sunday Published: 22:31 BST, 9 May 2020 | Updated: 10:23 BST, 10 May 2020 A top … Read more
Anxious holidaymakers are being ‘bullied’ into handing over thousands of pounds for trips that are unlikely to go ahead. Countless holidays have been cancelled since the Foreign Office advised against all but essential travel in March. With no end date in sight, and the Government now looking to enforce a 14-day quarantine period for travellers … Read more
Brothers Chris and Jeff Abbott went back to work last Saturday, when they opened their two DIY shops for the first time in four weeks. Only three customers are allowed in at a time and chip-and-pin machines are cleaned frequently with antibacterial wipes. Acrylic screens shield staff from customers at the tills. But the coronavirus … Read more
Collectors buying up watches, coins and even vintage Hornby model trains to cash in on crisis By Amelia Murray For The Daily Mail Published: 22:01 BST, 5 May 2020 | Updated: 23:36 BST, 5 May 2020 Collectors have flocked online to buy vintage watches, gold coins and memorabilia since lockdown began. Experts say the trend … Read more
We can’t afford to lose cash: Grubby card machines pose a similar risk to coins and notes, says VICTORIA BISCHOFF By Victoria Bischoff for the Daily Mail Published: 22:01 BST, 5 May 2020 | Updated: 23:37 BST, 5 May 2020 There is no doubt that the most hygienic way to pay for something is with … Read more
Rishi Sunak could reduce government furlough wage support from 80 per cent to 60 per cent in the months ahead as part of a plan to ease Britain back to work, it was claimed today. The Chancellor is trying to figure out a way to ‘wind down’ the employee support scheme which currently sees the … Read more
Pretty Little Thing founder Umar Kamani worth £1billion took taxpayers’ cash to furlough 86 staff… as the playboy tycoon lounges in a pool with his beautiful girlfriend Kamani took the decision to use the Government’s scheme to pay workers 80 per cent of their usual income up to a maximum of £2,500 per month On … Read more
Ex-Army generals have urged the Chancellor to reward frontline NHS workers with cash bonuses as a thank you for risking their lives in the war against Covid-19. General Lord Richard Dannatt and ex-chief of the Defence Staff General Lord David Richards backed calls for nurses, doctors and care workers to be granted a tax-free allowance, … Read more
With lockdown still in place, now is a good time to take stock of your household finances and see where savings can be made. Reviewing your spending this spring – and switching to better deals – will help ensure your finances are as robust as possible. Here is our easy-to-follow plan to help get your … Read more