Duty-free loss will hit us harder than Brexit and the pandemic combined, says luxury jeweller Boodles By Daily Mail City & Finance Reporter Published: 22:08 GMT, 22 December 2020 | Updated: 22:27 GMT, 22 December 2020 The boss of luxury jeweller Boodles said the loss of duty-free shopping could hit the sector harder than Brexit … Read more
Queen’s wine merchant Berry Brothers & Rudd says it will see a 13% sales drop this year due to the pandemic By Daily Mail City & Finance Reporter Published: 22:09 GMT, 22 December 2020 | Updated: 22:27 GMT, 22 December 2020 The Queen’s wine merchant Berry Brothers & Rudd expects sales to drop 13 per … Read more
Borrowing soars to £241bn so far this year as Government strains to prop up Britain’s Covid-hit economy By Matt Oliver For The Daily Mail Published: 22:08 GMT, 22 December 2020 | Updated: 22:26 GMT, 22 December 2020 The brutal cost of the coronavirus crisis has pushed Government borrowing to almost £241billion so far this year. … Read more
One of the UK’s oldest family-owned cheesemakers has issued a Brexit rallying cry hailing the ‘massive opportunities’ for British food producers. Richard Clothier, 50, whose family has run Somerset-based Wyke Farms for over 150 years, said ministers and businesses needed to develop an ‘export mindset’ to capitalise on Brexit opportunities. But the married father-of-five warned … Read more
Royal Mail and unions reach an agreement to end two-year dispute over pay and conditions By Matt Oliver For The Daily Mail Published: 22:09 GMT, 22 December 2020 | Updated: 22:26 GMT, 22 December 2020 Royal Mail has struck a ‘landmark’ deal with unions that ends a two-year dispute over pay and conditions. The agreement … Read more
The man who sold Britain: Nigel Rudd agrees to flog another UK firm in Signature Aviation deal By Francesca Washtell For The Daily Mail Published: 22:17 GMT, 22 December 2020 | Updated: 22:25 GMT, 22 December 2020 Sir Nigel Rudd is closing in on the sale of yet another prized British firm to foreign buyers. … Read more
Openreach boss would back selling a minority stake in the business – if they found the right investor By Matt Oliver For The Daily Mail Published: 22:11 GMT, 22 December 2020 | Updated: 22:11 GMT, 22 December 2020 The boss of BT’s network arm would back selling a minority stake in the business – if … Read more
Vodafone offers £1.9bn to buy out German firm amid long-running legal battle – but the deal would push the mobile phone giant’s debt to £41.9bn Vodafone bought a 76.8% stake in Kabel Deutschland seven years ago But minority shareholders have been battling over the price paid Vodafone hopes the bid will help reduce its ‘exposure … Read more
DFS Furniture reveals online sales soared during the pandemic but now Tier 4 shutdowns and border closures threaten its prospects Online sales rose 76% over the 24 weeks to December 13 It helped boost overall sales by 19 per cent compared with last year But the firm is being forced to close 52 showrooms that … Read more
Offices and other commercial premises to share a £481m business rates rebate as the coronavirus pandemic triggers a surge in appeals The Valuation Office Agency (VOA) has issued an urgent interim agreement Offices have been hit hard by Covid-19 with many remaining shut There will be reductions of 25% off the rateable value of all … Read more