moneymarkets

Now give up your bonuses, bankers told: Industry under fire over pay after axing £8bn of dividends By Lucy White For The Daily Mail Published: 21:57 BST, 1 April 2020 | Updated: 21:57 BST, 1 April 2020 Banks are under pressure to cut their bosses’ multi-million pound bonuses after axing more than £8billion of shareholder … Read more

Oil slump forces BP to slash spending but it insists no employees will be laid off during the next three months By Daily Mail City & Finance Reporter Published: 21:51 BST, 1 April 2020 | Updated: 21:51 BST, 1 April 2020 BP said it is acting quickly after oil prices plummeted in the face of the … Read more

After suffering the worst quarter since 1987, investors were praying for even a modest rally.  But the FTSE 100 fell into the red yesterday amid a wider global selloff as the scale of the economic damage inflicted by the coronavirus pandemic became clearer.  Output from factories shrank at the fastest pace since 2012 in March, … Read more

Another day, another chance for investors to reward innovative firms rallying to the Government’s call to supply more ventilators.  A small research and development outfit Science Group has become the latest firm to design a ventilator from scratch.  The AIM-listed business – whose Sagentia subsidiary is responsible for the machines – has signed an agreement … Read more

Airline tycoons told to cough up: Ministers say shareholders must contribute in bailout By James Salmon for the Daily Mail Published: 22:23 BST, 31 March 2020 | Updated: 22:23 BST, 31 March 2020 Airline tycoons will have to put their hands in their pockets if they want a bail out, Transport Secretary Grant Shapps warned … Read more

Carnival cruises launches £4.8bn cash call as industry shutdown is extended into the summer By Daily Mail City & Finance Reporter Published: 22:21 BST, 31 March 2020 | Updated: 22:21 BST, 31 March 2020 Carnival has launched a massive £4.8billion cash call to shore up its finances as the industry shutdown was extended into the … Read more

Bookie tie-up between Paddy Power owner Flutter and Sky Bet owner Stars Group gets backing By Daily Mail City & Finance Reporter Published: 22:21 BST, 31 March 2020 | Updated: 22:21 BST, 31 March 2020 Bookie merger: The combination of Flutter and the Stars Group will have a turnover of over £4.4bn A £10billion mega-merger … Read more

Neil Woodford protege Mark Barnett dumps all unquoted shares from his Income and High Income funds By Lucy White For The Daily Mail Published: 22:21 BST, 31 March 2020 | Updated: 22:21 BST, 31 March 2020 Mark Barnett will wash his hands of all the companies his funds own which are not listed on the … Read more

Consign fat cat pay to history: We urge big business to end boardroom excess as virus wreaks havoc By Lucy White For The Daily Mail Published: 22:20 BST, 31 March 2020 | Updated: 22:20 BST, 31 March 2020 Companies cutting dividends and laying off workers in a battle to survive the coronavirus crisis should not … Read more

WPP battens down the hatches over pandemic amid rumours it could become a takeover target By Matt Oliver For The Daily Mail Published: 22:20 BST, 31 March 2020 | Updated: 22:20 BST, 31 March 2020 WPP is slashing pay and its dividend as rumours swirl that it could become a takeover target.  The advertising group … Read more

Passport and banknote maker De La Rue sees profits hit by a poor start to the year in its currency arm By Daily Mail City & Finance Reporter Published: 22:20 BST, 31 March 2020 | Updated: 22:20 BST, 31 March 2020 De La Rue predicts adjusted operating profit for the 12 months ending March 27 … Read more