Travel firms ‘strangled’ by Barclays threats: Payments withheld over collapse fears By James Salmon for the Daily Mail Published: 21:52 BST, 29 March 2020 | Updated: 22:17 BST, 29 March 2020 The travel industry has accused Barclays of ‘strangling’ firms by demanding they hand over millions of pounds in case they collapse. While the High … Read more
Clinical: Igor Tulchinsky, with ex-wife Valentina Some of the world’s most powerful hedge funds have placed bets against British businesses for the first time in years, The Mail on Sunday can reveal. Billionaire speculators who have launched bids to cash in on the stock market turmoil and looming recession in the UK include an investment … Read more
Airports ‘will fail in weeks’ without cash injection for baggage firms, Government warned By Harriet Dennys, Financial Mail On Sunday Published: 22:57 GMT, 28 March 2020 | Updated: 23:15 GMT, 28 March 2020 Airports will collapse within weeks without emergency funding for the firms that supply baggage handlers and refuel planes, the Government has been … Read more
150 Manchester firms are still open despite coronavirus lockdown – many without good reason, claims Andy Burnham after a flood of complaints from workers The Mayor of Greater Manchester called for stricter policy on businesses He said he would seek legal advice about whether it was possible to take action Total of 759 people have … Read more
Sunak moves to keep firms afloat in ‘squeezed middle’ that fear they could miss out on coronavirus support By Daily Mail City & Finance Reporter Published: 21:50 GMT, 26 March 2020 | Updated: 21:50 GMT, 26 March 2020 Hundreds of medium-sized businesses are to be given access to emergency coronavirus loans after warnings that many … Read more
Barclays was last night accused of charging struggling firms up to 12 per cent interest on Government-backed crisis loans. Major banks have also come under fire for telling company directors their personal assets will be seized if their businesses fail. The Coronavirus Business Interruption Loan Scheme was launched by 40 lenders on Monday as part … Read more
Britain’s science and pharmaceuticals expertise was out in full force as a clutch of junior market-listed firms made strides in fighting coronavirus. Novacyt and Yourgene surged after inking a manufacturing deal that will help Novacyt step up production of tests for the disease. Yourgene’s state-of-the-art facility in Manchester will initially make critical components – but … Read more
Firms told to scrap fat-cat bonuses as they axe dividends and lay off staff during the coronavirus crisis By Daily Mail City & Finance Reporter Published: 21:50 GMT, 25 March 2020 | Updated: 21:56 GMT, 25 March 2020 Shareholder advisory service Pirc is urging firms to scrap executive payouts Thousands of businesses have been urged … Read more
Britain relies on India for the painkiller, but production lines have dried up because of the pandemic. The NHS advises COVID-19 patients take the drug for their symptoms.
Shopping centre owners and other property firms warn they face collapse without support to replace lost rental income By Daily Mail City & Finance Reporter Published: 01:21 GMT, 25 March 2020 | Updated: 01:21 GMT, 25 March 2020 Shopping centre owners and other property firms have warned ministers that they face collapse without support to … Read more