Seven big firms backed out of state aid amid peculation they did not want their names to be made public By Neil Craven for The Mail on Sunday Published: 22:31 BST, 6 June 2020 | Updated: 22:31 BST, 6 June 2020 Seven companies withdrew from the Bank of England loans scheme last week, prompting speculation … Read more
Let’s say hurrah for £5,000 handbags, handmade Swiss watches and trainers at £630 a pair. Demand for luxury goods was merely put on pause by the pandemic, and has now been rekindled. Or so you would conclude from the rebound in the share prices of companies that make and sell these and other objects of … Read more
French fashion giant Chanel is among foreign firms sharing £2.8billion of British taxpayers money in emergency loans, despite being owned by billionaires. The Paris-based doyen of fashionistas has been given £600million in Bank of England loans despite being owned by brothers Alain and Gérard Wertheimer, who have personal wealth estimated at £30billion. German chemicals giant … Read more
The new-look FTSE 100: Avast, GVC, Kingfisher and Homeserve promoted to the blue-chip index as Covid crisis reshuffles the stock market Each quarter firms drop into and out of the FTSE 100 index as they change size EasyJet, Carnival, Meggitt and Centrica exit the index as they shrink Avast, GVC, Kingfisher and Homeserve step up … Read more
Thousands of small businesses fear they will go to the wall before the conclusion of a landmark legal battle over vital insurance payouts for Covid-19 closures, campaigners have warned. Sixteen insurers were this week named in a High Court action brought by the financial regulator over the refusal to provide payouts to desperate companies, in … Read more
Smaller firms STILL waiting for vital loans: One in five firms which have applied are still waiting for aid By Lucy White For The Daily Mail Published: 22:30 BST, 2 June 2020 | Updated: 23:22 BST, 2 June 2020 Banks have lent more than £30billion to 745,000 businesses under emergency schemes – but hundreds of … Read more
Watchdog orders four Cypriot trading firms to give customers their money back after finding they used fake celebrity endorsements By Daily Mail City & Finance Reporter Published: 21:51 BST, 1 June 2020 | Updated: 21:51 BST, 1 June 2020 The FCA has ordered four Cypriot trading firms to give customers their money back The City watchdog … Read more
HAMISH MCRAE: Despite coronavirus pandemic, well-run enterprises in solidly-growing sectors will continue to prosper By Hamish Mcrae, Financial Mail On Sunday Published: 21:58 BST, 30 May 2020 | Updated: 21:58 BST, 30 May 2020 The world is slowly scrambling back to work. The sad story of the deaths from Covid-19 continues. The debate as to … Read more
Rishi Sunak tonight announced that furloughed staff will be allowed to return to work on a part-time basis from July – a month earlier than originally planned. The Chancellor said firms will soon be able to take advantage of what he described as ‘flexible furlough’ which will enable employees to return as long as companies … Read more
Firms must pay 20 per cent of wages for furloughed staff from August, Rishi Sunak will say today as he starts to wind down massive bailout despite fears of a wave of redundancies Rishi Sunak is announcing the details of furlough scheme changes after August The Chancellor is set to say firms will have to … Read more