Primark will repay £121m in furlough cash after ‘record sales’ since reopening this month 

Primark will repay £121m in furlough cash and hand shareholders £49m in dividends after ‘record sales’ since reopening this month Primark will hand back £121 million from government’s job retention scheme Comes despite 17% slump in sales and drop in operating profits to £319 million Company’s 188 stores across UK have been closed for months due to lockdown … Read more

Co-op to repay £15.5m Covid furlough support but will keep £66m business rates relief

Co-op vows to repay £15.5m furlough cash it received during lockdown as its annual profits more than double to £77m – but it won’t hand back £66m business rates relief Supermarket chain confirmed it will repay Government’s £15.5m for furlough But they confirmed they would hold onto £66m it secured in business rates relief News … Read more

More than 1.4m firms are given more time to repay Covid ‘bounce back’ loans over default fears 

More than 1.4million businesses are given more time to repay Covid ‘bounce back’ loans over fears of economic catastrophe Chancellor Rishi Sunak is expected to announce a ‘pay as you grow’ scheme Almost £4.5billion has been loaned under the Government scheme so far New measures will allow businesses to extend loan terms from six to … Read more

John Lewis to repay Government Covid loan ahead of schedule

John Lewis to repay £300m Government Covid loan ahead of schedule after Christmas sales held up better than expected The John Lewis Partnership will repay the funds before due date of 15 March Waitrose is yet to repay back the business rates relief though JLP said profits for the full year are likely to be … Read more

Bookmakers told to repay business rates relief as online betting booms

Bookmakers urged to repay business rates relief after online betting booms under lockdown By Tom Witherow For The Daily Mail Published: 21:51 GMT, 7 December 2020 | Updated: 22:12 GMT, 7 December 2020 MPs have urged bookmakers to repay tens of millions of pounds of business rates relief after online betting boomed in lockdown. A … Read more

Tesco WILL repay £585 million it saved from Covid business rates relief scheme

Tesco has announced it will repay £585 million it saved from the coronavirus business rates holiday after enjoying a sales surge during lockdown. The decision comes after the supermarket giant was criticised for accepting the business rate relief while paying a £315 million dividend to shareholders. Chairman John Allan said the board ‘are conscious of … Read more

Lamborghini-driving ‘wolf’ trader says he can’t repay his mum $750,000 as he has to maintain image

A self-proclaimed ‘wolf’ trader said he couldn’t re-pay his mother $750,000 despite a life of luxury – as he had to maintain his social media image.    Tyson Robert Scholz, 35, was ordered to pay his mother back the money after the court found he used her life savings to invest in a Subway franchise which was … Read more

Howdens Joinery to repay £30m of furlough cash and rates relief

Howdens Joinery to repay £30m of furlough cash and rates relief thanks to booming demand after lockdown By Daily Mail City & Finance Reporter Published: 21:52 GMT, 2 November 2020 | Updated: 21:52 GMT, 2 November 2020 Howdens reports surging profits as families prepare to bed down for a winter indoors Howdens Joinery will repay … Read more

Woman jailed for siphoning £610,000 from company for ‘romance fraudster’ told to repay every penny 

Lovestruck woman is ordered to repay £610,000 she siphoned from employer to send to ‘romance fraudster’ Ilyiea Ali, 42, of Birmingham, siphoned more than £600,000 from her employer She paid more than £300,000 to ‘romance fraudster’ Tahmoor Khan Khan was jailed for eight-and-a-half years in 2016 and Ali for 30 months in 2018 A proceeds of … Read more

Hatton Garden’s Basil must repay £6 million or serve more jail time

Michael Seed, also known as Basil the Ghost, pictured, was jailed for ten years for his part in masterminding the 2015 Hatton Garden raid The ringleader of the Hatton Garden burglary plot, known as ‘Basil the Ghost’ has been ordered to repay almost £6 million or serve seven extra years in jail.  Michael Seed, 60, … Read more