Deal: Wizz Air boss Jozsef Varadi bought £643,000 of the airline’s shares No-one knows where share prices are going to go from here, though some smart hedge fund managers may think they do. Markets in Britain and the US rallied a little last week, but there were sharp corrections along the way. Volatility, it seems, … Read more
Bosses who have squeezed cash out of their companies and now want taxpayer help should be forced to give up a chunk of their pay, a senior member of the Rothschild banking dynasty has said. In a damning intervention, Nat Rothschild told The Mail on Sunday there ‘has to be a price’ for being caught … Read more
Strictly Come Dancing bosses have reportedly been left furious following AJ Pritchard’s decision to quit the show. A source claimed producers were blindsided by the dancer’s surprise departure, especially as they have struggled to sign any big celebrities due to the coronavirus pandemic. AJ’s exit was also described as a ‘double blow’ for Strictly bosses … Read more
Bosses at Sports Direct have said all stores will remain open because selling sporting and fitness equipment makes the company a vital asset during a national shutdown. Mike Ashley’s Frasers Group, which includes Sports Direct and Evans Cycles, wrote to all workers within 30 minutes of Prime Minister Boris Johnson’s decision to shut down all … Read more
Drop bonuses, bosses urged as a dozen London-listed companies suspend or axe dividend By Lucy White For The Daily Mail Published: 21:50 GMT, 19 March 2020 | Updated: 22:12 GMT, 19 March 2020 Bosses were last night urged to ditch their bonuses as a dozen London-listed companies suspended or axed their dividends. In another blow … Read more
The scale of the Chancellor Rishi Sunak’s Covid-19 rescue package for Britain’s hard-pressed businesses — big corporations and smaller enterprises — is startling in both its scale and ambition. At its core is a promise to help the bigger corporations survive the crisis with £330 bn of easy credit from the Bank of England that … Read more
The chief executives and chairs of Heathrow, Gatwick and Manchester airports and the Airport Operators Association (AOA) have warned that the coronavirus crisis may result in airports grinding to a halt within weeks without government support. In a letter to the Prime Minister, the directors say that ‘traffic has fallen dramatically and is going down … Read more
Water companies are warning people not to flush wet wipes and kitchen roll if they run out of toilet paper during the coronavirus crisis. Shoppers up and down the country have been stocking up on toilet paper, leading to fears of a shortage which could force customers to use kitchen roll or other substitutes. However, … Read more
Serco bosses charged with fraud and false accounting after firm billed Government for tagging criminals who were dead or in jail By Hugo Duncan for the Daily Mail Published: 21:51 GMT, 16 December 2019 | Updated: 22:58 GMT, 16 December 2019 Two former Serco directors have been charged with fraud and false accounting over its … Read more
Millionaire hedge fund bosses Sir Paul Marshall and Ian Wace make £50m on coronavirus crash By Neil Craven, Financial Mail on Sunday Published: 23:47 GMT, 14 March 2020 | Updated: 23:47 GMT, 14 March 2020 Millionaire hedge fund bosses Sir Paul Marshall and Ian Wace have made more than £50million from the collapse of leisure stocks … Read more