New Look in crunch talks with lender amid growing concern over the high-street’s ability to recover once lockdown restrictions are lifted Group has been thrashing out terms on an £80m loan facility with its bank The company must renegotiate the terms of the trade credit facility by 30 June By Neil Craven for The Mail … Read more
Piers Morgan has confirmed that he’s signed a new contract that will see him remain on Good Morning Britain until 2021. The broadcaster, 55, insisted that he ‘doesn’t care’ about complaints over his no-nonsense interview technique and declared: ‘If my style upsets people, don’t watch!’ It comes amid Ofcom complaints from 4000 viewers over his … Read more
Airlines including Delta and United have placed their aircraft in storage in a so-called ‘boneyard’ in the desert for with flight operations cut to around 5% of normal operations due to the coronavirus . Delta Air Lines have parked their planes at Pinal Airpark 90 miles south of Phoenix. The dry desert air helps to … Read more
Video game company sales hit historic highs of $10.9 billion in the US as people are forced to remain home during coronavirus lockdown Video game sales have exploded to historic highs in the US this quarter Analysts say sales hit $10.86 billion which is a 10 percent increase over last year The boom is attributed to … Read more
Students will still have to pay full tuition fees even if classes are taught online and universities remain closed, it has been revealed. Higher Education institutions are facing a funding crisis after a predicted large fall in the numbers of students from overseas taking up places in the coming academic year, as reported by The … Read more
Premier League clubs want to finish the season behind closed doors at NEUTRAL stadiums from June… with West Ham, Man City and Arsenal likely to host games because they are not surrounded by housing A Premier League meeting has today reaffirmed plans to complete the season The four-hour meeting between officials took place over video-conference … Read more
Sainsbury’s defers £160m dividend as profits remain flat despite pre-lockdown sales rush By Tom Witherow For The Daily Mail Published: 21:51 BST, 30 April 2020 | Updated: 22:25 BST, 30 April 2020 Sainsbury’s has deferred a £160million dividend and cancelled bonuses despite its supermarkets being ‘busier than Christmas’ in the week before lockdown. Bosses said … Read more
Boeing 737 MAX is ‘expected to remain grounded until at least August as manufacturer continues to grapple with software issues’ Boeing has signaled it now hopes to win regulatory approval in August for the plane’s return to service, but that could be pushed backed until fall, sources said The best-selling airplane has been grounded since … Read more
Primark confirms furloughing of 68,000 staff as sales go from £650m a month to zero after retailer forced to close all stores by virus lockdown 68,000 Primark workers across Europe have been furloughed Primark expects to take a £284million hit from unsold stock ABF is seeking to speak with landlords to get help with their lease … Read more
Economy ‘will remain weak after lockdown is lifted’, warns Bank of England By Daily Mail City & Finance Reporter Published: 21:50 BST, 20 April 2020 | Updated: 21:50 BST, 20 April 2020 The Bank of England has cautioned that even if the Covid-19 lockdown is lifted the economy will remain weak. Deputy governor Ben Broadbent … Read more