Jet2.com owner Dart Group sees profits fall as travel restrictions and flight cancellations continue to hit airline sector About 600,000 more people took a package holiday with Jet2Holidays last year Pilots’ union BALPA claimed in June that Jet2 planned to let go over 100 pilots Last summer, the company also managed to enlarge its fleet … Read more
Is your local John Lewis closing? Ailing department store chain shutting eight stores for good putting 1,300 jobs at risk as it battles dwindling footfall and profits Stricken department store chain closing in Birmingham and Watford Other smaller outlets at Heathrow and St Pancras also being shut for good 1,300 jobs at risk of being lost … Read more
Stricken shops are left out of the Chancellor’s £30bn stimulus package as they continue to shed jobs By Tom Witherow For The Daily Mail Published: 22:15 BST, 8 July 2020 | Updated: 22:15 BST, 8 July 2020 Britain’s stricken shops were left out of Chancellor Rishi Sunak’s £30billion stimulus package. Shops continue to shed jobs … Read more
The lockdown online shopping boom has kept rent collection steady for the warehouse giants Segro and Tritax Big Box. The logistics landlords have managed to dodge the anguish facing property owners in other sectors, particularly retail. Property investor Segro has received around 93 per cent of the £37million rent due in advance for the third … Read more
Is this the last stop for troubled Firstgroup? Bus and train operator warns it may not survive the pandemic By Daily Mail City & Finance Reporter Published: 22:15 BST, 8 July 2020 | Updated: 22:15 BST, 8 July 2020 First Group warned it may not survive the coronavirus pandemic as it racked up a third … Read more
Slash fat cat pay and cut carbon emissions or you’ll get no bailout cash, firms are warned By Matt Oliver For The Daily Mail Published: 22:16 BST, 8 July 2020 | Updated: 22:16 BST, 8 July 2020 Vital businesses that require coronavirus bailouts from the Government will be told to slash fat cat pay and … Read more
Half of all active employees worked from home during first month of the lockdown By Daily Mail City & Finance Reporter Published: 22:16 BST, 8 July 2020 | Updated: 22:16 BST, 8 July 2020 Nearly half of people in employment worked at home at some point in the first month of the lockdown, figures show. … Read more
No furlough at Funding Circle: Online lender vows not to take taxpayer cash to cover wages By Daily Mail City & Finance Reporter Published: 22:16 BST, 8 July 2020 | Updated: 22:16 BST, 8 July 2020 Furlough pledge: Funding Circle has vowed not to take any taxpayer cash to cover the wages of its employees Online lender … Read more
For critics who dare to suggest Rishi Sunak resembles a Corbynista apparatchik in a sharp suit – splashing vast amounts of cash we don’t have – the Chancellor got his defence in first. After unleashing another £30billion jobs package, including unprecedented plans to give everyone in the country vouchers to eat out, Sunak declared he … Read more
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