M&S puts spring stock in hibernation: Retailer’s last-ditch scheme to mothball clothes as discount war looms By Neil Craven, Financial Mail on Sunday Published: 21:56 BST, 16 May 2020 | Updated: 21:56 BST, 16 May 2020 Marks & Spencer is among a raft of major clothing retailers busy snapping up warehouse space to ‘hibernate’ stock … Read more
Drug firm owners pocket £33m on back of coronavirus epidemic By Jamie Nimmo, Financial Mail On Sunday Published: 21:57 BST, 16 May 2020 | Updated: 21:57 BST, 16 May 2020 The billionaire family behind Hikma Pharmaceuticals has cashed in £33 million of shares in the FTSE100 drugs giant after its stock was boosted by the … Read more
London is creeping back to work, but the scars will last a while. All giant cities will be damaged, for they are centres for the entertainment and hospitality industries as well as transport hubs. So New York and Paris will be damaged too. But there are troubling reasons to suspect that the London economy may … Read more
Former owner of failed airline Monarch among handful of investors set to enter advanced talks to bail out Virgin Atlantic By Harriet Dennys, Financial Mail On Sunday Published: 21:57 BST, 16 May 2020 | Updated: 21:57 BST, 16 May 2020 Greybull Capital, the former owner of failed airline Monarch, is among a handful of investors … Read more
Your country needs YOU – to pick fruit and veg: Waitrose boss calls for 70,000-strong ‘Land Army’ to stop food rotting in fields By Daily Mail City & Finance Reporter Published: 21:51 BST, 15 May 2020 | Updated: 11:45 BST, 16 May 2020 Hundreds of thousands of tons of ‘wonderful British produce’ will be left … Read more
Neil Woodford protege Mark Barnett is fired from Invesco Perpetual after 24 years By Daily Mail City & Finance Reporter Published: 21:50 BST, 15 May 2020 | Updated: 21:50 BST, 15 May 2020 Mark Barnett, the one-time protege of fallen fund manager Neil Woodford, has been fired from Invesco Perpetual. In a dramatic fall from … Read more
Your country needs YOU – to pick fruit and veg: Ocado boss calls for 70,000-strong ‘Land Army’ to stop food rotting in fields By Daily Mail City & Finance Reporter Published: 21:51 BST, 15 May 2020 | Updated: 21:51 BST, 15 May 2020 Hundreds of thousands of tons of ‘wonderful British produce’ will be left … Read more
Finally! Small firms get loans they need: £5bn lent to 160,000 businesses in just three days By Lucy White For The Daily Mail Published: 21:51 BST, 8 May 2020 | Updated: 09:32 BST, 9 May 2020 Banks have handed out £5billion of ‘bounce back’ loans to Britain’s smallest businesses in just three days. Under the … Read more
Has your insurer refused to pay after your business closed? You can now engage with the watchdog directly as it prepares to launch court action The FCA is planning to bring the first instance trial to the High Court as early as July, This is Money understands More than a million businesses forced to close … Read more
Britain’s coronavirus borrowing binge hits £300m: Budget deficit at record levels as cost of pandemic mounts By James Salmon for the Daily Mail Published: 21:51 BST, 14 May 2020 | Updated: 21:51 BST, 14 May 2020 The spiralling cost of subsidising the wages of millions of workers could push Britain’s budget deficit well above £300billion, … Read more