At last! Lloyds ramps up Covid lending: Bank boasts it has approved £1billion worth of loans to 32,000 firms By James Salmon for the Daily Mail Published: 22:54 BST, 5 May 2020 | Updated: 23:41 BST, 5 May 2020 Lloyds approved seven times as many ‘bounce back’ loans to struggling firms in a day than … Read more
Insurers are threatening to sue the very same companies taking them to court over unpaid business interruption claims. In recent weeks there has been a series of disagreements between firms forced to close due to coronavirus and the insurers refusing to pay out their business interruption claims. Policyholders are taking Hiscox to court in a class action … Read more
Richard Yeomans, a partner at London law firm Addleshaw Goddard, discusses what the future might hold for furloughed workers and businesses, as the economy attempts to pick things back up from the coronavirus outbreak. The Government’s Coronavirus Job Retention Scheme was an emergency response to an immediate problem. Something had to be done, fast, to … Read more
Algy Cluff remains ‘optimistic’ about future for oil as demand slumps to lowest levels for 25 years By Harriet Dennys, Financial Mail On Sunday Published: 21:57 BST, 2 May 2020 | Updated: 21:57 BST, 2 May 2020 Veteran oil prospector Algy Cluff is determined to remain ‘optimistic’ about the future for oil as demand slumps … Read more
Lloyds to hand shares worth £200 to every member of staff to thank them for their efforts during coronavirus crisis By Helen Cahill, Financial Mail On Sunday Published: 21:57 BST, 2 May 2020 | Updated: 21:57 BST, 2 May 2020 Lloyds will hand shares worth £200 to every member of staff this month to thank … Read more
Engineering giant Rolls-Royce preparing to cut up to 8,000 jobs in jet engine business By Harriet Dennys, Financial Mail On Sunday Published: 21:57 BST, 2 May 2020 | Updated: 21:57 BST, 2 May 2020 Engineering giant Rolls-Royce is preparing to cut up to 8,000 jobs in its jet engine business. An insider said the company’s … Read more
Advertising tycoon Sir Martin Sorrell has warned that weak firms will be wiped out in a ‘Darwinian culling’ – as forecasts show unemployment is set to rocket. Sir Martin, the founder and former chief executive of the WPP media empire, predicted that only the strongest companies would pull through the Covid-19 pandemic in a survival-of-the-fittest … Read more
Czech billionaire launches raid on Royal Mail, buying more than 5% of postal service By Jamie Nimmo, Financial Mail On Sunday Published: 21:57 BST, 2 May 2020 | Updated: 21:57 BST, 2 May 2020 A Czech billionaire who owns Sparta Prague football club has launched a raid on Royal Mail, buying more than 5 per … Read more
Blueprint to revive house sales: Sellers must wait in gardens and clean before and after viewings in plan being drawn up for Ministers By Helen Cahill, Financial Mail On Sunday Published: 21:57 BST, 2 May 2020 | Updated: 21:57 BST, 2 May 2020 A blueprint to revive house sales under strict social distancing rules is … Read more
Harrods set to dispatch team of staff into Knightsbridge store to carry out personal shopping for prized customers By Neil Craven, Financial Mail on Sunday Published: 21:58 BST, 2 May 2020 | Updated: 21:58 BST, 2 May 2020 Harrods is set to dispatch a team of staff into its giant Knightsbridge store to carry out … Read more