Primark sets new sales records as shoppers flood back to its stores

Primark fashions new sales records as shoppers flood back to its stores after lockdown By Daily Mail City & Finance Reporter Published: 22:04 BST, 1 July 2021 | Updated: 22:06 BST, 1 July 2021 Primark has set sales records after post-lockdown demand surged.  Several records were set in its stores following the easing of restrictions, … Read more

UK economy shrunk by 1.6 per cent in the first quarter of 2021

UK economy shrunk by 1.6 per cent in the first quarter of 2021 – more than previously thought – as lockdown restrictions hit hard but household savings surged to record levels UK GDP estimated to have shrunk by 1.6 per cent in the first quarter of 2021 That is slightly higher than the initial estimate … Read more

Trainline shares rise as bookings recover strongly after lockdown easing

Trainline on track for recovery: Ticket bookings bounce back strongly after lockdown easing – but sales are still only half pre-pandemic levels UK net ticket sales of £334m in quarter to end of May, half of £481m in Q1 2019 At the end of May, UK sales were at around 70% of the levels of 2019 … Read more

Rishi Sunak ‘wants City of London to be excluded from G7 tax crackdown’

Rishi Sunak ‘is pushing for the City of London to be excluded from new global tax crackdown’ despite leading G7 efforts to make big firms pay more G7 finance ministers agreed plan last weekend to introduce global tax changes Plan designed to make big firms pay their fair share of tax where they operate  But … Read more

UK foreign aid spending falls £712m to £14.5bn due to Covid pandemic

UK’s foreign aid spending falls by £712million to £14.5billion due to the impact of the coronavirus pandemic, the first time it has gone down since the global financial crisis in 2007 International aid spending stats for 2020 show it declined by £712m to £14.5bn  Figure linked to UK economic prosperity, battered by Covid shutdowns last … Read more

UK foreign aid spending falls £712m to £14.5bn due to Covid pandemic

UK’s foreign aid spending falls by £712million to £14.5billion due to the impact of the coronavirus pandemic, the first time it has gone down since the global financial crisis in 2007 International aid spending stats for 2020 show it declined by £712m to £14.5bn  Figure linked to UK economic prosperity, battered by Covid shutdowns last … Read more

Co-op to repay £15.5m Covid furlough support but will keep £66m business rates relief

Co-op vows to repay £15.5m furlough cash it received during lockdown as its annual profits more than double to £77m – but it won’t hand back £66m business rates relief Supermarket chain confirmed it will repay Government’s £15.5m for furlough But they confirmed they would hold onto £66m it secured in business rates relief News … Read more

Covid UK: AstraZeneca shares fall 1% after regulator says under-30s should not take vaccine

AstraZeneca’s share price has slumped by one per cent after UK health chiefs said Britons under 30 should not take its vaccine. The British-Swedish pharmaceutical firm, based in Cambridge, suffered a blow to its jab this afternoon following mounting evidence linking it to rare blood clots. The company’s shares were trading at 7.110 points on Tuesday … Read more

Greensill boss ‘boasted to staff that his finance firm had “enormous” liquidity’ before it collapsed

The boss of collapsed finance company Greensill boasted to staff about the firm’s ‘enormous liquidity’ just three weeks before it collapsed and became embroiled in a political scandal. Australian financier Lex Greensill, 44, reassured staff in an internal video on February 15 – audio of which has been obtained by the FT – of the … Read more

IMF says UK economy will rebound FASTER than predicted due to vaccine roll out

UK economy gets a new vaccine bounce as the IMF says the country’s finances will rebound FASTER than predicted this year thanks to the jab roll-out The International Monetary Fund raised its forecast for British economic growth Went from 4.5 per cent to 5.3 per cent and is set to outpace the eurozone in 2021 … Read more