Private equity asset strippers must save Debenhams pensioners

Multi-millionaire private equity tycoons who masterminded a takeover which left Debenhams loaded with £1.2billion of debt are facing calls to bail out its stricken pensioners. The 243-year-old department store firm collapsed after a loss of £491.5million in 2018, buckling under the impact of online competition and a failure to invest in stores and products. Although … Read more Private equity asset strippers must save Debenhams pensioners

Smash hit shows drive Netflix to more than 200m subscribers

Smash hit shows and extra demand during lockdowns drive Netflix to more than 200m subscribers By Daily Mail City & Finance Reporter Published: 21:51 GMT, 20 January 2021 | Updated: 21:51 GMT, 20 January 2021 Shares in Netflix hit record highs after the streaming giant passed 200m subscribers and revealed it no longer needs debt … Read more Smash hit shows drive Netflix to more than 200m subscribers

Strong gains for sterling against the Dollar and the euro

Strong gains for sterling as rising inflation dampens expectations of further interest rate cuts By Daily Mail City & Finance Reporter Published: 21:51 GMT, 20 January 2021 | Updated: 21:51 GMT, 20 January 2021 Sterling made strong gains against the dollar and the euro as rising inflation dampened expectations of further cuts to UK interest … Read more Strong gains for sterling against the Dollar and the euro

Chinese tycoon Jack Ma makes first appearance in three months

Chinese tycoon Jack Ma makes first appearance in three months following rumours he had been ‘disappeared’ by the Communist party leadership By Daily Mail City & Finance Reporter Published: 21:51 GMT, 20 January 2021 | Updated: 21:51 GMT, 20 January 2021 Chinese tycoon Jack Ma has made his first public appearance in three months – … Read more Chinese tycoon Jack Ma makes first appearance in three months

Investor pay revolt blocks hike for boss of WH Smith Carl Cowling

WH Smith boss Carl Cowling has latest pay rise blocked after a third of shareholders refused to approve it By Lucy White For The Daily Mail Published: 21:50 GMT, 20 January 2021 | Updated: 21:50 GMT, 20 January 2021 WH Smith has suffered an investor revolt as a third of shareholders refused to approve its … Read more Investor pay revolt blocks hike for boss of WH Smith Carl Cowling

MARKET REPORT: Remote learning helps Pearson chalk up growth 

Shares in Pearson leapt almost 9 per cent as the education publisher returned to growth even as it battled exam cancellations and school closures. It said total sales had increased by 4 per cent in the final three months of 2020, its first positive figure of the year after three quarters of decline.  The rise included … Read more MARKET REPORT: Remote learning helps Pearson chalk up growth 

Burberry blasts decision to end of duty free shopping for tourists

Burberry blasts end of duty free for tourists: Fashion giant claims the decision could cost it hundreds of millions of pounds By Mark Shapland For The Daily Mail Published: 21:50 GMT, 20 January 2021 | Updated: 21:50 GMT, 20 January 2021 Fashion giant Burberry has told the Government that the decision to scrap duty-free shopping … Read more Burberry blasts decision to end of duty free shopping for tourists

Bank of England ramps up stress tests for UK lenders

Bank of England ramps up stress tests for UK lenders to reflect a worst-case scenario for the Covid-battered economy By Daily Mail City & Finance Reporter Published: 21:50 GMT, 20 January 2021 | Updated: 21:50 GMT, 20 January 2021 The Bank of England has set out a worst-case scenario for the economy which it will … Read more Bank of England ramps up stress tests for UK lenders

M&S seals deals with four womenswear brands to lift online sales

M&S seals deals with womenswear brands Joules, Phase Eight, Hobbs and Seasalt to lift online sales By Mark Shapland For The Daily Mail Published: 21:50 GMT, 20 January 2021 | Updated: 21:50 GMT, 20 January 2021 The shake-up at Marks & Spencer continues after the retailer struck deals with four womenswear brands to give its … Read more M&S seals deals with four womenswear brands to lift online sales