It is nearly a month since the Government turned the key on a nationwide lockdown — changing the world, almost overnight, for businesses across the UK. Despite being promised support packages, many small businesses fear they will not survive. Figures this week revealed that banks have given vital loans to only 5,000 British firms — … Read more
The £7 trillion cost of the Great Lockdown: IMF warns slump will be worst since the Great Depression of the 1930s By Ruth Sunderland Business Editor For The Daily Mail Published: 22:45 BST, 14 April 2020 | Updated: 23:07 BST, 14 April 2020 The economic slump from the deadly coronavirus will be the worst since … Read more
Britain’s world class big pharma companies were always going to be a huge asset in the fight against Covid-19 and in finding solutions, not just to this pandemic, but to future similar events. We have now been offered insights into their thinking. Glaxosmithkline, where Emma Walmsley’s first years as chief executive were marked by some … Read more
High Street chains Oasis and Warehouse on brink of administration – putting 2,300 jobs at risk By Daily Mail City & Finance Reporter Published: 22:46 BST, 14 April 2020 | Updated: 23:08 BST, 14 April 2020 Fashion sellers Oasis and Warehouse were on the brink of administration last night – putting 2,300 jobs at risk. … Read more
Customers stampede forces Next to close its website as online shoppers rush to buy clothes By Daily Mail City & Finance Reporter Published: 22:46 BST, 14 April 2020 | Updated: 23:08 BST, 14 April 2020 Next’s website was forced to close itself to orders after just one hour yesterday as shoppers flooded online to buy … Read more
British drug firms fight to be first in race to beat Covid: Glaxosmithkline teams-up with French rival Sanofi By Daily Mail City & Finance Reporter Published: 22:45 BST, 14 April 2020 | Updated: 23:08 BST, 14 April 2020 British drug firms have put themselves at the centre of the battle against the coronavirus with plans … Read more
Now Stelios refers Easyjet to the City watchdog as row over £4.5bn plane order from Airbus escalates By Daily Mail City & Finance Reporter Published: 22:46 BST, 14 April 2020 | Updated: 23:09 BST, 14 April 2020 Easyjet founder Sir Stelios Haji-Ioannau has been at loggerheads with the board for weeks Easyjet’s outspoken founder has … Read more
Future of restaurant chain Wasabi in doubt as accounts show it was fighting for survival before pandemic By Adam Luck For The Daily Mail Published: 22:45 BST, 14 April 2020 | Updated: 23:09 BST, 14 April 2020 The future of Wasabi is in doubt after accounts showed it was fighting for survival even before the … Read more
Heathrow becomes a cargo hub amid scramble to fly in medical supplies like ventilators and PPE By Daily Mail City & Finance Reporter Published: 22:45 BST, 14 April 2020 | Updated: 23:09 BST, 14 April 2020 Heathrow has become a cargo hub as the number of passengers has plummeted. Flights by freight-only planes using the … Read more
What can economic history teach us about the lockdown? The coronavirus pandemic is, of course, first and foremost a social crisis. It is testing the limits of the NHS, bringing out the best in our doctors, nurses and carers, and many others on whom we all rely. But it is also a huge challenge for … Read more