Ruby and emerald miner Gemfields shines after notching up record revenue but fears slump is on its way By Daily Mail City & Finance Reporter Published: 21:51 BST, 6 April 2020 | Updated: 22:22 BST, 6 April 2020 Gemfields notched up record revenue in 2019. But the ruby and emerald miner is bracing for a … Read more
MID WYND INVESTMENT TRUST: Managers look east to beat slump By Jeff Prestridge, Financial Mail on Sunday Published: 21:57 BST, 4 April 2020 | Updated: 23:07 BST, 4 April 2020 The managers of investment trust Mid Wynd have not been slow in reacting to the economic turmoil resulting from the coronavirus pandemic. In recent weeks, … Read more
Oil slump forces BP to slash spending but it insists no employees will be laid off during the next three months By Daily Mail City & Finance Reporter Published: 21:51 BST, 1 April 2020 | Updated: 23:09 BST, 1 April 2020 BP said it is acting quickly after oil prices plummeted in the face of the … Read more
Horror on the high street as Marks & Spencer faces 60% slump By Neil Craven, Financial Mail on Sunday Published: 22:55 BST, 28 March 2020 | Updated: 22:55 BST, 28 March 2020 The devastating blow to retailers from mass store closures has been laid bare in a report by Goldman Sachs predicting a huge sales slump … Read more
Fashion retailer Quiz joins other retailers as it warns of sales slump and ditches guidance on profits Quiz saw a ‘substantial’ fall in traffic online and in stores, which shut on 22 March It warned closures will have an impact on its full-year profits to the end of March By Camilla Canocchi for Thisismoney.co.uk Published: … Read more
House price growth started to slow in January, official data from the Office for National Statistics and Land Registry shows. In the year to January 2020, the average cost of a home rose by 1.3 per cent to £231,000, against a boost of 1.7 per cent in the year to December. Monthly, typical property prices … Read more
Oil price slump will wipe out North Sea tax revenues, says the Treasury watchdog By Daily Mail City & Finance Reporter Published: 21:59 GMT, 11 March 2020 | Updated: 22:29 GMT, 11 March 2020 The slump in the oil price could almost wipe out tax revenues from the North Sea, according to the Treasury watchdog. … Read more
Investment firm M&G launches voluntary redundancy programme to slash costs as profits slump M&G said the redundancies should help it cut costs by 10% It saw investors withdraw £7.5bn from its fund management arm last year That has helped send the firm’s profits tumbling 29 per cent to £1.15bn This is its first full set of … Read more
A slump in passenger numbers as a result of coronavirus has led to an increase in airlines running ‘ghost’ flights to hold on to valuable take-off and landing slots at British airports. The slots are run by the independent slot coordinator ACL on a ‘use it or lose it’ basis, with carriers told to use … Read more
High Street braced for a slump as shoppers stay home and scientists say a coronavirus epidemic is ‘highly likely’ By Tom Witherow For The Daily Mail Published: 22:00 GMT, 5 March 2020 | Updated: 22:00 GMT, 5 March 2020 The High Street is bracing for a slump as shoppers stay at home amid the coronavirus … Read more