There could be a few ‘Super Saturday’ hangovers this morning after many of the UK’s pubs, bars and restaurants opened their doors yesterday after months of lockdown. But will the re-opening of the hospitality and leisure sector bring opportunity to investors or just lead to a hangover of a financial kind instead? From alcohol companies … Read more
If Rishi Sunak does not pitch the next stage of his rescue operation right, then when the job furlough scheme ends in October, the outlook could be grim indeed.
Britain’s biggest water company has handed its former boss a £2million pay-off after he was fired for a series of failings. Thames Water has been accused of rewarding failure over the golden handshake for Steve Robertson. Robertson presided over numerous major leaks, hefty fines and sewage flooding controversies during three years in charge. Former Thames … Read more
Staveley case: Barclays paid Qataris to ‘help set up other deals’ By Helen Cahill For The Mail On Sunday Published: 22:30 BST, 4 July 2020 | Updated: 22:58 BST, 4 July 2020 Barclays paid Qatari investors extra fees in its 2008 bailout because it expected them to help set up other deals, its former chief … Read more
Zopa to offer lower credit card interest rates to careful spenders who have better credit ratings Zopa will launch a credit card with interest rates as low as 9.9% The better the borrower’s credit score, the lower the rate they would be charged By Helen Cahill For The Mail On Sunday Published: 22:31 BST, 4 … Read more
New Look wins extension to crucial loan as it prepares to overhaul hundreds of lease contracts By Neil Craven for The Mail on Sunday Published: 22:31 BST, 4 July 2020 | Updated: 22:58 BST, 4 July 2020 Embattled fashion chain New Look has agreed terms on a crucial bank loan as it prepares to overhaul … Read more
Banks braced for £10bn hit as customers are weaned off loan payment holidays just as job losses shoot up Lenders have granted payment holidays on loans worth more than £250bn Many of the three-month holidays will come to an end this month Fears are rising of a wave of defaults as customers lose their incomes … Read more
We went halfway round the world to uncover the truth on Wirecard, says MARK HILEY By Mark Hiley For The Mail On Sunday Published: 22:32 BST, 4 July 2020 | Updated: 22:57 BST, 4 July 2020 Mark Hiley is the founder and managing partner of The Analyst. I never met Markus Braun, the reclusive ex-chief … Read more
A British stock market research firm today lays claim to being the first whistleblower to raise the alarm about the collapsed German payment giant, Wirecard. Mark Hiley, who runs The Analyst, reveals in The Mail on Sunday that he issued a ‘Red Flag Alert’ on Wirecard to his clients six years ago. The 2014 note, … Read more
STOCK WATCH: Housebuilders give an idea of how the land lies By Jamie Nimmo For The Financial Mail On Sunday Published: 22:31 BST, 4 July 2020 | Updated: 22:57 BST, 4 July 2020 Anyone trying to sell up or buy a new home on the cheap should keep a close eye on the housebuilders this … Read more
Sir Stelios to blast ‘dishonest’ easyJet board ahead of fundraising By Harriet Dennys For Financial Mail On Sunday Published: 22:31 BST, 4 July 2020 | Updated: 22:57 BST, 4 July 2020 EasyJet founder Stelios Haji-Ioannou is preparing a fresh attack on the airline’s board. At a shareholder meeting on Tuesday week, he is set to … Read more
Revealed: UK’s plan to lobby for free global trade outside the EU as Brexit looms Britain will lobby for low tariffs and greater powers for the WTO, sources say Britain is still bound by most of the EU rules until December 31 By Dan Atkinson For The Mail On Sunday Published: 22:31 BST, 4 July … Read more
There are few silver linings to this pandemic. But ‘for tragic reasons’ a more efficient economy could perhaps be one of them, says Tony Danker, incoming director general of Britain’s biggest business lobby group, the Confederation of British Industry. Danker, who joins the CBI in November replacing Dame Carolyn Fairbairn, has spent the past three … Read more