Rolls-Royce battles for its survival: Engineer to sell £2bn of assets after posting record £5.4bn loss By Francesca Washtell For The Daily Mail Published: 22:19 BST, 27 August 2020 | Updated: 22:19 BST, 27 August 2020 Rolls-Royce is aiming to raise £2billion by selling parts of its business as it struggles to survive the coronavirus … Read more
The planned Stonehenge road tunnel which would divert traffic from the ancient monument threatens to become a ‘hugely expensive white elephant’ as costs exceed £2billion, the Government has been warned today. For decades motorists on the A303 in Wiltshire, which passes the stone circle, have endured severe congestion on the popular route to and from … Read more
Boris Johnson’s £2bn boost for schools: Prime Minister is to promise huge cash injection to give all children ‘superb education’ English schools are set to receive a £2.2billion boost in Government funding Boris Johnson has promised all English pupils they will get a ‘superb education’ Secondary schools will get at least £5,150 per child, primaries … Read more
Government will pay £2bn in wages for 300,000 young people to keep them off the dole as Rishi Sunak puts jobs at the heart of his mini-Budget today Chancellor Rishi Sunak is set to announce a mini-budget on Wednesday The plan will set out how Britain’s economy will recover from the COVID-19 crisis Mr Sunak’s … Read more
Fresh row hits tainted UK Finance: Ex boss accused of sorting ‘questionable’ £2bn loan as Barclays fought to avoid a Government bailout in 2008 By Tom Witherow For The Daily Mail Published: 21:51 BST, 19 June 2020 | Updated: 21:51 BST, 19 June 2020 The former boss of UK Finance embroiled in a sexism row … Read more
A city financier who has accused Barclays of misleading her, shareholders and the market alleged today that a bank boss ‘lied’ to her over the terms of a £2billion Qatari investment deal negotiated during the 2008 financial crisis. Amanda Staveley, 47, claims her private equity firm PCP Capital Partners is owed money for the work it … Read more
Struggling airlines tap up Bank of England for almost £2bn in emergency state-backed loans as they try to weather coronavirus crisis By James Salmon for the Daily Mail Published: 22:10 BST, 4 June 2020 | Updated: 22:10 BST, 4 June 2020 Struggling airlines have tapped up the Bank of England for almost £2billion in emergency … Read more
Compass Group shares dropped after it detailed plans for the biggest fundraising since the coronavirus crisis began. The world’s largest catering firm managed to raise a staggering £2billion from investors to help it survive the lockdown. The mass closures of schools, offices and sports stadiums have hammered demand for its services. Revenues sank by a … Read more
Ministers have agreed to hand Sadiq Khan a £1.1billion bail-out package with ‘strings attached’ to get London’s transport system back up and running. The sides have struck a deal after days of intense wrangling, with the Mayor threatening to cut services unless he was given huge sums to help run the underground and bus networks … Read more
Transport Secretary Grant Shapps says building new hospitals in weeks during coronavirus crisis shows it should not take ’20 years to build a road’ as he pledges to ‘rapidly improve’ UK infrastructure Grant Shapps pointed to building of NHS Nightingale hospitals during crisis He said if hospitals can be built quickly there is no reason … Read more