First Group sees share price plummet as the travel firm unveils £300m loss, dwindling passenger numbers and a £3.2bn debt pile Shares in FTSE-250 listed First Group fell over 15% this morning Transport group’s annual losses have swelled by £98m to £300m Firm says it needs to offload US arm and pay down debts to … Read more
Banks braced for £10bn hit as customers are weaned off loan payment holidays just as job losses shoot up Lenders have granted payment holidays on loans worth more than £250bn Many of the three-month holidays will come to an end this month Fears are rising of a wave of defaults as customers lose their incomes … Read more
John Lewis is expected to axe stores, workers and one of its headquarters as well as jobs at its sister business Waitrose while Harrods today revealed it must slash around 700 posts as coronavirus continues to choke Britain’s high streets. The bad news at two of the UK’s best loved department stores came amid disaster for retailers … Read more
John Lewis is expected to axe stores, workers and one of its headquarters as well as jobs at Waitrose as Harrods today revealed it must slash around 700 posts as coronavirus continues to choke Britain’s high streets The bad news at two of the UK’s best loved department stores came amid disaster for retailers up and down … Read more
After months of closures and cancellations, holidays abroad are within reach. This week, holiday firms were bombarded with bookings from sunseeking Britons after the Government revealed it would open ‘air bridges’ to countries where the virus was contained. But those who go abroad this summer may find they cannot get travel insurance for cancellations linked … Read more
Baggage handler Swissport announces 4,500 job losses due to Covid-19 as airport bosses say 20,000 UK industry staff are at risk Chief executive Jason Holt told staff cuts had to come to help company survive Swissport operates at airports across the UK, including Heathrow and Gatwick It currently employs 8,500 baggage handlers and check-in staff … Read more
Nowhere will be immune to the job losses looming over Britain, but parts of the North and the Midlands are likely to suffer a disproportionate amount of pain. Manufacturing towns like Derby, where they make planes, trains and automobiles – three industries devastated by the pandemic – are bracing for heavy redundancies on top of … Read more
Beware a hasty house sale… Or why tempting agents’ offers to sell your home in a hurry can be a quick route to very big losses Homeowners being warned of a rise in rogue estate agents exploiting families They risk being tied into expensive long-term contracts with ‘quick sale’ firms Some cash home-buying firms offer … Read more
Woodford Equity Income Fund’s administrator threatened with legal action as investors face further losses By Daily Mail City & Finance Reporter Published: 21:51 BST, 5 June 2020 | Updated: 21:51 BST, 5 June 2020 The reputation of the firm overseeing Neil Woodford’s failed fund took another battering as investors faced further losses and threatened it … Read more
EasyHotel reports losses despite strong booking numbers after new Ipswich hotel hit by £3million writedown Converting the listed building proved more complicated than first thought EasyHotel ended up taking a £3 million non-cash impairment on the hotel Despite the loss the budget hotel reported revenue growth of 56 per cent By Sara Scarlett For Thisismoney.co.uk Published: … Read more