Tens of thousands of small businesses are set for a £1.2billion windfall after the Supreme Court ordered insurers to pay out for losses from the first Covid lockdown. Cafes, pubs, beauty parlours, holiday firms and wedding planners are among the 370,000 firms that had policies which should now pay out. Former footballer Gary Neville, who … Read more
Budget airline Norwegian axes its long-haul network, leading to 1,100 job losses at Gatwick Airport The carrier said it will operate a ‘simplified business structure’ Its entire Boeing 787 Dreamliner fleet has been grounded since March 2020 Customers with affected bookings will be contacted by the airline and refunded By City & Finance Reporter for … Read more
Debenhams to close six branches, including its flagship London store, with 320 job losses By City & Finance Reporter for the Daily Mail Published: 22:29 GMT, 13 January 2021 | Updated: 22:29 GMT, 13 January 2021 Department store chain Debenhams has said it will permanently close six branches, including the flagship Oxford St shop Department … Read more
Cargo ship suffers epic losses after 2,000 containers topple over during a storm en route to Japan Containership, ONE Apus, arrived at the Port of Kobe, Japan, on Tuesday It lost 1,816 cargo containers 1,600 nautical miles northwest of Hawaii The ship reportedly encountered 52-foot waves during its journey By Isabella Nikolic For Mailonline Published: … Read more
Louvre auctions off a close-up look at the Mona Lisa – an honor normally reserved for world leaders The Paris museum is auctioning a viewing of the iconic Leonardo da Vinci work The experience is just one lot up for grabs at a Christie’s auction this month The Louvre hopes the auction will help cover … Read more
Car dealers in England are set to offer big discounts on popular mainstream models this month as they reopen their doors from today following the second national lockdown. With showrooms forced to revert to online sales and click-and-collect services over the last month, UK car registrations look on course to only just break 1.5 million … Read more
Clarks shoes criticised for £13m payout to founding family before more than 1,000 job losses Family shareholders were paid £13.4m of dividends over two years This was as the company racked up losses of £114.2m and made job losses Unions representing Clarks’ shop workers lashed out at the payments By Tom Witherow For The Daily … Read more
Second lockdown will ‘crucify’ Britain’s travel industry and spark hundreds of thousands of job losses, furious business chiefs warn Association of British Travel Agents said industry will enter ‘complete shutdown’ It is fear some carriers will be forced to ground their fleets and lay off staff Estimates found that 80% of independent agents will run … Read more
As Chancellor Rishi Sunak’s furlough scheme ends, Britain braces for new tsunami of job losses By Matt Oliver For The Daily Mail Published: 22:07 GMT, 30 October 2020 | Updated: 22:18 GMT, 30 October 2020 Major companies have culled nearly 200,000 British jobs already as they struggle with the devastating impact of the coronavirus pandemic, … Read more
Gino D’Acampo’s restaurant chain is ‘bailed out by Iceland boss after posting losses of £3 million’ By Nick Ferris For Mailonline Published: 20:27 BST, 16 October 2020 | Updated: 20:55 BST, 16 October 2020 TV Chef Gino D’Acampo’s restaurant chain has been bailed out by Iceland boss Sir Malcolm Walker after facing losses even before … Read more