The owner of British Gas has become the latest major company to axe thousands of jobs in the wake of the Covid-19 crisis. Centrica yesterday said it would slash 5,000 roles to speed up cost-cutting plans, a blow that came as chemicals firm Johnson Matthey announced plans to shed another 2,500 staff and Bombardier Aerospace … Read more
Bloodbath of bankers in HSBC’s biggest shake-up in its 155-year history By Daily Mail City & Finance Reporter Published: 22:58 BST, 26 May 2020 | Updated: 22:58 BST, 26 May 2020 HSBC is set to intensify the biggest shake-up in its 155-year history, putting even more jobs at risk. The bank had already announced it … Read more
The bloodbath on the stock markets is mounting this afternoon, with Britain’s blue-chip FTSE 100 index down nearly 10 per cent. At present, the FTSE 100 is down 9.52 per cent or 559.55 points to 5,316.97, which is lower than it reached in the aftermath of the June 2016 EU referendum vote and the lowest seen … Read more
Global markets are in freefall again today and the contagion will spread to the UK when the markets open this morning as coronavirus cases raced towards 110,000 worldwide. The FTSE 100 is predicted to open at least 300 points down this morning after Japan’s Nikkei index plummeted 6.2 per cent overnight, while the Australian stock market suffered … Read more
Sporadic violence hit parts of Delhi overnight as gangs roamed streets littered with the debris of days of sectarian riots that have killed 33 people, police said Thursday. Thousands of riot police and paramilitaries patrolled the affected northeast fringes of the Indian capital of 20 million people, preventing any major eruptions. The unrest is the … Read more