Ocado profits double in the last six months as pandemic pushes families online to get their groceries By Tom Witherow For The Daily Mail Published: 23:27 BST, 14 July 2020 | Updated: 23:27 BST, 14 July 2020 Ocado raked in half-year sales of £1billion for the first time ever as founder Tim Steiner declared ‘the … Read more
Budget defecit may top £400bn this year as the cost of the pandemic spirals By Daily Mail City & Finance Reporter Published: 23:27 BST, 14 July 2020 | Updated: 23:27 BST, 14 July 2020 Government borrowing could top £660billion over the next two years as the cost of the pandemic spirals. In its latest update, … Read more
Vertu Motors bounces back with a £9m profit after dealerships reopened in June but still plans to cut jobs Private car sales across the UK fell by 19.2% in June, according to the SMMT Car showrooms in Wales and Scotland had to stay closed until the end of June Vertu Motors owns the Bristol Street … Read more
Embattled fashion retailer Quiz faces fresh trouble as it’s hit by claims of underpaying workers Fashion has been one of the sectors worst-hit by the coronavirus pandemic The National Minimum Wage for workers above the age of 25 is £8.72 per hour Quiz said its suppliers have to abide by the company’s Ethical Code of … Read more
The coronavirus pandemic has inadvertently launched a massive remote working experiment, with many office employees were forced to work from home overnight. But now that more businesses including pubs and restaurants have been allowed to reopen their doors, companies are being urged to get workers back into the office – with Prime Minister Boris Johnson saying … Read more
Sweatshop scandal hits Boohoo rival: Quiz launches probe into claims supplier paid staff £3 an hour By Tom Witherow For The Daily Mail Published: 21:50 BST, 13 July 2020 | Updated: 21:50 BST, 13 July 2020 As larger rival Boohoo continued to reel from the sweatshop scandal, Quiz’s shares fell more than 20 per cent … Read more
Mortgages plunge to cheapest on record: Average rates on two-year fixed deals fall below 2% By James Salmon for the Daily Mail Published: 21:50 BST, 13 July 2020 | Updated: 21:50 BST, 13 July 2020 Mortgages are at their cheapest on record with average rates on a popular two-year fix falling below 2 per cent. … Read more
Nanotechnology firm seals funds to sue Samsung claiming the Korean firm stole patented tech to use in their TVs By Daily Mail City & Finance Reporter Published: 21:51 BST, 13 July 2020 | Updated: 21:51 BST, 13 July 2020 Nanoco has secured a chunk of funding to help it pursue a lawsuit against Samsung. The … Read more
Barclay’s dealmaker Roger ‘Big Dog’ Jenkins leaves with a £50m payoff after helping bank secure a multi-billion pound bailout By Tom Witherow For The Daily Mail Published: 21:51 BST, 13 July 2020 | Updated: 21:51 BST, 13 July 2020 Barclays dealmaker Roger ‘Big Dog’ Jenkins walked away from the bank with a £50million pay-off for … Read more
MARKET REPORT: Security giant G4S soars 9.3% after it unveils shake-up plans that could see it axe 1,150 jobs By Francesca Washtell For The Daily Mail Published: 21:51 BST, 13 July 2020 | Updated: 21:51 BST, 13 July 2020 Investors piled into G4S after the security giant said profits would trump expectations and unveiled a … Read more