The pound has bounced back strongly from lows of $1.15 less than two weeks ago to around $1.24 at the time of writing, and from €1.06 to €1.14. Moves of this size in either direction are rare and take a particular set of circumstances to be in place for them to occur. In this instance, … Read more
The dividend battle: Four out of five of the UK’s biggest banks fought to maintain payouts as the Bank of England pushed for a cut By Daily Mail City & Finance Reporter Published: 21:57 BST, 3 April 2020 | Updated: 23:06 BST, 3 April 2020 Four out of the UK’s five biggest banks fought to … Read more
Nationwide abandons plans to enter business banking market amid coronavirus outbreak and record low interest rates By Daily Mail City & Finance Reporter Published: 21:57 BST, 3 April 2020 | Updated: 22:07 BST, 3 April 2020 Nationwide has abandoned plans to enter the business banking market amid the coronavirus outbreak and record low interest rates … Read more
Bus firms’ shares revved higher after the Government offered them a further bailout package. Companies will receive £167m of funding over the next three months on the condition that they keep running up to 50 per cent of their services in England. The rescue comes on top of another promise of Government support, worth £230m, … Read more
Tesla delivers record number of electric cars in first three months of 2020, boosted by demand for new Model Y By Daily Mail City & Finance Reporter Published: 21:58 BST, 3 April 2020 | Updated: 21:58 BST, 3 April 2020 Tesla delivered a record number of electric cars in the first three months of 2020, … Read more
British tech start-up helping to train front-line staff at NHS’s new emergency hospital in London to detect coronavirus By Matt Oliver For The Daily Mail Published: 21:58 BST, 3 April 2020 | Updated: 21:58 BST, 3 April 2020 A British tech start-up is helping to train front-line staff at the NHS’s new emergency hospital in … Read more
Fashion bosses slash salaries after asking taxpayer to pay staff amidst devastating drops in sales By Tom Witherow For The Daily Mail Published: 21:57 BST, 3 April 2020 | Updated: 21:57 BST, 3 April 2020 Hit hard: Topshop has recently turned to supermodel Lottie Moss to front its fashion campaigns Fashion bosses slashed their salaries … Read more
Cake Box becomes latest company to donate goods to NHS staff By Daily Mail City & Finance Reporter Published: 21:57 BST, 3 April 2020 | Updated: 21:57 BST, 3 April 2020 Cake Box has become the latest company to donate goods to NHS staff. The bakery chain’s franchisees have given away 1,000 cakes, 2,000 cupcakes … Read more
US lost more jobs than it gained for first time in decade last month as coronavirus crisis slams brakes on business By Daily Mail City & Finance Reporter Published: 21:57 BST, 3 April 2020 | Updated: 21:57 BST, 3 April 2020 The US lost more jobs than it gained for the first time in a … Read more
Coro Energy has introduced new cost-cutting measures to manage the severe disruption in the oil and gas market, which resulted in the ‘termination’ of chief executive James Menzies. The Italy-focused energy company offered all executive directors three options: take an unpaid sabbatical, receive three months’ notice in shares or become non-executive directors. Menzies did not … Read more
The pound dropped today after the latest survey figures on the economy revealed the devastation wreaked on the country’s service and retail sectors by coronavirus disruption. The service sector – which incorporates businesses like hotels, restaurants, bars, nightclubs, pubs and hairdressers – suffered the biggest drop in activity since records began in July 1996, the IHS … Read more
Standard Life to press ahead with £300m dividend… while all a host of other firms are cutting their payouts By Ruth Sunderland for the Daily Mail Published: 22:06 BST, 2 April 2020 | Updated: 00:01 BST, 3 April 2020 Standard Life Aberdeen will today bring relief to dividend starved savers by revealing it is to … Read more
People before profit: Murrells has pledged free Co-op wares to food banks As the boss of the Co-op, Steve Murrells finds himself right at the centre of the response to coronavirus. He is in charge of 60,000 staff and around 2,500 stores that are vital for keeping the nation’s fridges and cupboards stocked, but his … Read more