Some 400 agency jobs will be cut at Mini’s Plant Oxford after the car maker announced it would be reducing its shift pattern due to a fall in demand for new cars. The plant in Cowley – which makes the Mini Hatchback and the new electric Mini-E – with drop from three to two shifts … Read more
Shares in sofa specialist DFS have recovered some of their pandemic losses thanks to a trend for home improvements. Strong demand in the past six weeks handed it £70m in revenue, a year-on-year jump of 40 per cent. DFS, which also owns Sofa Workshop and Sofology, culled jobs last month after lockdown forced it to … Read more
Record highs hit by the American stock market have further laid bare the gulf between Wall Street’s V-shaped recovery and the UK, which is struggling to bounce back from the pandemic. London‘s FTSE 100 continues to flatline even as the country emerges from lockdown and the government unlocks most sections of the economy. The blue-chip … Read more
Investors have had a bumpy ride since markets suffered eye-watering losses in March. But while savers may find their investments bruised, experts say now is not the time to panic and warn against making rash decisions. Laura Suter, personal finance analyst with investment platform AJ Bell, says savers should instead take their time to assess … Read more
Around 14,000 jobs could be on the brink at struggling department store Debenhams. Plans to liquidate the business are being drawn up in case other options for saving the company – such as selling it – fall through. If the ailing department store chain collapses – and all 14,000 jobs are lost – it would be … Read more
Costs of Just Eat Takeaway merger and Grubhub acquisition cause delivery giant’s losses to soar to over £140m despite orders rising by a third Consumers ordered over 250 million meals, helping revenues to surpass €1bn Just Eat’s purchase of Grubhub now awaits regulatory and shareholder approval By Harry Wise For This Is Money Published: 13:09 … Read more
Intercontinental Hotels and Mike Ashley’s Frasers Group expected to be latest firms to warn of job losses as Britain reels from fallout of coronavirus The UK has haemorrhaged more than 134,000 jobs since March The pandemic is also hammering restaurants, with some 22,000 jobs in the sector have been shed this year By Matt Oliver … Read more
The scale of the Covid-19 jobs bloodbath has been laid bare as a Mail audit found 135,000 jobs in Britain are facing the axe. Analysis of the threat of redundancies since the virus took hold has revealed 230,000 jobs are set to go both here and abroad at more than 100 of Britain’s biggest firms. … Read more
Losses balloon at Aston Martin after sales of its luxury cars nosedive By Daily Mail City & Finance Reporter Published: 22:27 BST, 29 July 2020 | Updated: 22:27 BST, 29 July 2020 Losses ballooned at Aston Martin after sales of its luxury cars nosedived. The Warwickshire-based group sold 1,770 cars in the first six months … Read more
Thousands gather on the streets of Tel Aviv in Israel to protest job losses caused by coronavirus Around 300 police officers were called to Rabin Square in Tel Aviv after an anti-government protest occurred Demonstrators were complaining at the Israeli government’s handling of job losses caused by coronavirus Protestors were angry over the government’s abandonment … Read more