BP racks up a £13bn loss in ‘brutal’ year as slump in oil prices hammers business By Francesca Washtell For The Daily Mail Published: 22:53 GMT, 2 February 2021 | Updated: 22:53 GMT, 2 February 2021 BP has racked up its biggest-ever annual loss after a slump in oil prices hammered its business. In an … Read more
Astrazeneca to take out £13bn bridging loan to finance blockbuster takeover of US giant Alexion Pharmaceuticals By Daily Mail City & Finance Reporter Published: 21:51 GMT, 13 December 2020 | Updated: 21:51 GMT, 13 December 2020 Astrazeneca will take out a £13billion bridging loan to finance its blockbuster takeover of US giant Alexion Pharmaceuticals. The … Read more
Top fund firm Baillie Gifford cashes in Tesla shares after making £13bn profits in just eight months By Daily Mail City & Finance Reporter Published: 21:50 BST, 2 September 2020 | Updated: 22:20 BST, 2 September 2020 Savers in a number of Baillie Gifford funds are set to reap a stellar return from its investment … Read more
Nightmare on the beaches for Tui: Travel giant battles for survival as pandemic triggers a record loss of £1.3bn in just three months By Tom Witherow For The Daily Mail Published: 21:51 BST, 13 August 2020 | Updated: 21:51 BST, 13 August 2020 TUI is battling for survival after the cancellation of summer holidays triggered … Read more
HSBC faces £1.3bn legal claim for its involvement in film financing scheme set up to avoid tax HSBC’s private banking arm helped to promote the scheme It is estimated to have made £25million in fees By Neil Craven for The Mail on Sunday Published: 22:30 BST, 20 June 2020 | Updated: 22:30 BST, 20 June 2020 … Read more
Tory MPs rebel as ministers rebuff ‘vital’ £1.3bn lagoon plan that could provide a huge post-Covid jobs boost The government blocked plans for a £1.3billion tidal power scheme in the UK Backbench MPs believe the six tidal lagoons can help kickstart the economy Project in Swansea was rejected as it was felt it did not … Read more
JCrew files for bankruptcy after collapsing under £1.3bn debt mountain By Daily Mail City & Finance Reporter Published: 22:09 BST, 4 May 2020 | Updated: 22:09 BST, 4 May 2020 JCrew has filed for bankruptcy after collapsing under a £1.3 billion debt mountain. The US fashion brand’s lenders will inject £322m of cash and take … Read more
Insurance giants axe dividends worth £1.3bn in fresh blow to beleaguered savers By Lucy White For The Daily Mail Published: 21:55 BST, 8 April 2020 | Updated: 22:19 BST, 8 April 2020 Insurance giants have axed dividends worth £1.3 billion in a fresh blow to beleaguered savers. Aviva, Direct Line, Hiscox and RSA Group all … Read more