The horrendous impact of Covid-19 lockdown on the output of the British economy, on jobs and on the public finances, is an indisputable fact of our new lives. But the scale of the hit, as documented by two reports, is so big that the shock is amplified. No wonder then that ‘hawk’ Chancellor of the … Read more
Two most powerful men at Royal Mail running service from their homes on Continent during coronavirus crisis By Matt Oliver For The Daily Mail Published: 22:08 BST, 15 April 2020 | Updated: 22:35 BST, 15 April 2020 The two most powerful men at Royal Mail have been running the crucial service from their homes on … Read more
ALEX BRUMMER: Royal Mail boss Rico Back displaying a sad derogation of leadership by working from home in Switzerland By Alex Brummer for the Daily Mail Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Royal Mail employees have courageously kept letter and parcel services operating in the midst of a … Read more
Amazon boss Jeff Bezos adds an astonishing £22bn to his fortune during coronavirus crisis as demand for online deliveries surges By Daily Mail City & Finance Reporter Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Amazon boss Jeff Bezos has added an astonishing £22 billion to his fortune during the … Read more
Deloitte and EY join their Big Four rivals by cutting partners’ pay as accountancy industry plunges into crisis By Daily Mail City & Finance Reporter Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Deloitte and EY have joined their Big Four rivals by cutting partners’ pay as the accountancy industry … Read more
Some of America’s largest banks set aside £20bn to cover cost of loans turning sour in coronavirus slump By Daily Mail City & Finance Reporter Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Some of America’s largest banks have set aside £20 billion to cover the cost of loans turning … Read more
IMF warns countries including the UK are facing a ‘massive’ rise in debt due to the Covid-19 outbreak By Ruth Sunderland for the Daily Mail Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Countries including the UK are facing a ‘massive’ rise in debt due to the Covid-19 outbreak, the … Read more
MARKET REPORT: Retail investors dealt another blow as two more FTSE 100-listed dividend payers wield axe on shareholder payouts By Francesca Washtell For The Daily Mail Published: 22:06 BST, 15 April 2020 | Updated: 22:09 BST, 15 April 2020 Retail investors were dealt another blow as two more FTSE 100-listed dividend payers wielded the axe … Read more
Insurers told to pay out to firms forced to close by coronavirus but thousands are warned they’re not covered FCA urges insurers to act swiftly to pay out on coronavirus-related claims But the watchdog also warned that most firms aren’t actually covered It comes as IMF labels coronavirus crash will be the worst hit to … Read more
No one knows what Britain’s High Street will end up looking like once the coronavirus pandemic subsides. Oasis and Warehouse look set to fall into the hands of administrators imminently, putting 2,300 jobs on the line, while the likes of Debenhams and Cath Kidson remain on the brink. Many of Britain’s retailers, and particularly those … Read more