Wirecard collapses with debts of more than £3bn in Germany’s worst accounting scandal By Daily Mail City & Finance Reporter Published: 21:50 BST, 25 June 2020 | Updated: 23:59 BST, 25 June 2020 Crisis-torn Wirecard has collapsed with debts of more than £3billion in Germany’s worst accounting scandal. The financial technology company said it would … Read more
Investors piled into Mitie after it unveiled plans to form the UK’s biggest support services group through a deal with Interserve. Mitie has agreed to pay £271million to take over its rival’s facilities management arm, creating a mega-business with almost 88,000 staff and turnover of £3.5billion. Combining resources would save the firms millions of pounds … Read more
Another Covid crash is on the way, IMF warns investors amid fears markets are becoming increasingly detached from reality By James Salmon for the Daily Mail Published: 21:50 BST, 25 June 2020 | Updated: 21:50 BST, 25 June 2020 Investors should brace themselves for another coronavirus crash, the International Monetary Fund has warned. Shares have … Read more
When it comes to bailing out firms affected by Covid-19, Rishi Sunak is no pushover. As someone who spent much of his pre-Commons career in private equity, the Chancellor has a good grip on likely survival candidates, and will be keen to make sure all private sector options have been exhausted. There was reluctance in … Read more
In the darkest hours of the Second World War, the Churchill-led coalition government embarked on the bravest of enterprises. It sought to put in place a social and economic settlement which would protect the lives of citizens in decades to come. The Beveridge Report of 1942 provided a blueprint for confronting what the author described … Read more
David Beckham takes a shot at the video gaming market by taking a stake in Guild Esport By Daily Mail City & Finance Reporter Published: 21:51 BST, 25 June 2020 | Updated: 21:51 BST, 25 June 2020 David Beckham has taken a punt on the video gaming market, buying a stake in Guild Esports. The … Read more
Royal Mail axes 2,000 jobs as it loses £1m a day: Union outrage as boss says cost cuts and overhaul are needed to ensure firm’s survival By James Salmon for the Daily Mail Published: 21:51 BST, 25 June 2020 | Updated: 21:51 BST, 25 June 2020 The corporate firefighter brought in to turn around Royal … Read more
Doorstep lender Non-Standard Finance teetering ‘on the brink’ of collapse due to pandemic By Lucy White For The Daily Mail Published: 21:51 BST, 25 June 2020 | Updated: 21:51 BST, 25 June 2020 A major doorstep lending group has warned its future hangs in the balance because of the effects of the coronavirus pandemic. Non-Standard … Read more
UK’s futuristic presence at Dubai World Expo could creat one million post-Covid jobs, report claims By Matt Oliver For The Daily Mail Published: 16:11 BST, 25 June 2020 | Updated: 16:11 BST, 25 June 2020 Britain could drum up enough business to create one million jobs at an international trade exhibition next year, a report … Read more
Wirecard files for insolvency after the German fintech firm’s former boss was arrested and it admitted missing £1.7bn probably doesn’t exist The German payments group has filed for insolvency in the midst of a scandal Former boss Markus Braun was arrested earlier this week and released on bail Wirecard’s demise marks the first time in … Read more