Rolls-Royce joins rush to cut dividends with 13 firms suspending or cancelling payouts worth £636m in just one day By Lucy White For The Daily Mail Published: 21:50 BST, 6 April 2020 | Updated: 22:22 BST, 6 April 2020 Dividends worth £17.6billion have now been axed so far this year as British investors continue to … Read more
Boss of Ladbrokes owner GVC hangs on to his £860k salary, after refusing to take a pay cut By Daily Mail City & Finance Reporter Published: 21:50 BST, 6 April 2020 | Updated: 22:22 BST, 6 April 2020 Gambling with his reputation: GVC boss Kenny Alexander has refused to take a pay cut GVC’S boss … Read more
Ruby and emerald miner Gemfields shines after notching up record revenue but fears slump is on its way By Daily Mail City & Finance Reporter Published: 21:51 BST, 6 April 2020 | Updated: 22:22 BST, 6 April 2020 Gemfields notched up record revenue in 2019. But the ruby and emerald miner is bracing for a … Read more
Lender’s court bid tips troubled private hospital group NMC Health towards collapse By Lucy White For The Daily Mail Published: 21:50 BST, 6 April 2020 | Updated: 22:21 BST, 6 April 2020 A major lender to troubled NMC Health has filed to have the company put into administration. Abu Dhabi Commercial Bank (ADCB), which is … Read more
GlaxoSmithKline links up with US-based Vir Biotechnology to find a coronavirus vaccine By Daily Mail City & Finance Reporter Published: 21:51 BST, 6 April 2020 | Updated: 22:21 BST, 6 April 2020 GlaxoSmithKline has teamed up with a US biotech firm to develop potential vaccines and treatments for the coronavirus. Glaxo said it would collaborate … Read more
Thousands more workers furloughed as firms take up government’s offer to pay 80% of their wages By Matt Oliver For The Daily Mail Published: 21:50 BST, 6 April 2020 | Updated: 22:19 BST, 6 April 2020 Thousands of workers were furloughed yesterday as more companies jumped on the Government’s offer to pay 80 per cent … Read more
Defence giant Cobham adapts fighter jet oxygen system technology to build NHS ventilators By Francesca Washtell and Matt Oliver For The Daily Mail Published: 21:51 BST, 6 April 2020 | Updated: 21:51 BST, 6 April 2020 Cobham has become the latest business to join the effort to make ventilators for the NHS. The British defence … Read more
Now bosses ‘must feel the pinch’ on pay along with their workers… but some are already doing the right thing By Matt Oliver For The Daily Mail Published: 21:51 BST, 6 April 2020 | Updated: 21:51 BST, 6 April 2020 Pressure is mounting on firms to slash executive pay, with a leading fund manager saying … Read more
Frankie and Benny’s parent company Restaurant Group cuts bosses’ pay to help offset losses from closures Non-executive directors at the firm will see their earnings reduced by 40% The Carluccio’s restaurant chain has been an early casualty of the coronavirus Shares in the company rose 4 per cent to 37p following the update By Harry Wise For This … Read more
Savers’ lifeline as Tesco mulls £550m payout: 220,000 small investors in line for dividend By Matt Oliver For The Daily Mail Published: 21:55 BST, 5 April 2020 | Updated: 22:15 BST, 5 April 2020 Tesco is expected to press ahead with a £550m dividend for shareholders this week. The supermarket giant is likely to post … Read more
City tycoon known as ‘the Rottweiler’ for his aggressive style of investing splits a fund to avoid Neil Woodford-style cash crisis as markets tumble By Daily Mail City & Finance Reporter Published: 21:55 BST, 5 April 2020 | Updated: 22:14 BST, 5 April 2020 The City tycoon known as ‘the Rottweiler’ for his aggressive style … Read more
Formula One may have to return around £200m in fees after races were called off due to the coronavirus crisis By Christian Sylt For The Daily Mail Published: 21:55 BST, 5 April 2020 | Updated: 21:55 BST, 5 April 2020 Formula One may have to return around £200m in fees after races were called off … Read more
Struggling High Street stalwarts facing crucial week, with Debenhams and Cath Kidston both teetering on brink By Daily Mail City & Finance Reporter Published: 21:55 BST, 5 April 2020 | Updated: 21:55 BST, 5 April 2020 Struggling High Street stalwarts are facing a crucial week, with retailers Debenhams and Cath Kidston both teetering on the … Read more