For the millions of people whose travel plans have been thrown into disarray by coronavirus, pleas from Virgin Atlantic for a multi-billion-pound taxpayer bailout will be greeted with deep distrust. Galling as it is, however, the Government should stand ready to rescue the industry in order to get through the immediate crisis and to help … Read more
TSB hits back over staff bonus fears as bank changes strategy to help struggling families By Helen Cahill, Financial Mail On Sunday Published: 23:46 GMT, 14 March 2020 | Updated: 23:46 GMT, 14 March 2020 TSB has played down fears that an overhaul of its bonus scheme will put pressure on staff to sell loans … Read more
Banks are to offer 3-month mortgage holidays: Several High Street lenders are eyeing plan to set aside billions to help struggling homeowners hit by coronavirus Households hit by coronavirus outbreak could be eligible for mortgage ‘holidays’ NatWest, RBS, and Ulster Bank could offer up to three-month breaks in payments Those eligible could include small business … Read more
Struggling education publisher Pearson offloads Penguin stake as boss John Fallon bows out Pearson has struck a £530million deal to sell its stake in Penguin Random House The deal values book publisher Penguin Random House at around £2.8billion. John Fallon will step down as boss in 2020 once a successor has been named By This Is … Read more