High Street is hammered: WH Smith cuts 1,500 jobs as commuters and shoppers stay at home By Tom Witherow For The Daily Mail Published: 21:51 BST, 5 August 2020 | Updated: 21:51 BST, 5 August 2020 WH Smith yesterday culled 1,500 jobs and shut 14 stores as commuters and shoppers stayed at home. Bosses cited … Read more
The surge in online shopping and almost overnight shift to working from home during lockdown has been a boon for warehouse owner Segro. The property firm has come into its own as parcel delivery groups and traditional retailers have been, as chief executive David Sleath put it, ‘scrambling for space’ as they adapt to the … Read more
Pensions giant Legal and General to pay dividend despite profits slumping 73% over the first six months of 2020 By Daily Mail City & Finance Reporter Published: 21:51 BST, 5 August 2020 | Updated: 21:51 BST, 5 August 2020 Pensions titan Legal and General has forged ahead with its plans to pay a dividend, amid … Read more
William Hill hands back furlough millions after enjoying a ‘robust recovery’ post lockdown By Matt Oliver For The Daily Mail Published: 21:50 BST, 5 August 2020 | Updated: 21:50 BST, 5 August 2020 Gambling giant William Hill has become the latest firm to hand back furlough money to the Government following a ‘robust recovery’ following … Read more
Small firms face higher fees to sell on Amazon as Internet shopping giant hopes to absorb new UK digital tax By Matt Oliver For The Daily Mail Published: 21:50 BST, 5 August 2020 | Updated: 21:50 BST, 5 August 2020 Amazon is facing a backlash after it announced plans to hit small businesses that sell … Read more
BUSINESS CLOSE: Britain’s service sector sees fastest growth in five years; WH Smith to axe 1,500 jobs; William Hill closing 119 betting shops By Jane Denton For Thisismoney Published: 08:14 BST, 5 August 2020 | Updated: 17:16 BST, 5 August 2020 The FTSE 100 closed up 1.14 per cent or 68.72 points at 6,104.72 and … Read more
Motoring insurer Hastings set to be taken over by Finnish and South African duo in £1.7bn deal Finnish and South African consortium bid 250p a share in cash for the group FTSE 250-listed Hastings’ share price has jumped to reflect this Hastings shareholders will still get their dividend paid out By Jane Denton For Thisismoney … Read more
Metro Bank swings to a £240m loss as the troubled challenger bank is battered by the economic fallout from the pandemic Decade-old Metro Bank said Covid-19 had cost it around £109million The amount of cash deposited with the bank grew by 14 per cent to £15.6billion The challenger bank’s shares fell 14 per cent on … Read more
William Hill shutting 119 betting shops for good amid fears customer numbers won’t return to pre-pandemic levels – but the firm insists most staff will keep their jobs 300 staff affected set to be redeployed, spokesperson tells This is Money ‘Less than 20’ at risk of losing their jobs as a result of the 119 … Read more
BP slashes its dividend as it’s rocked by a plunge in oil prices – and says it will cut oil and gas production by 40% in a decade BP investors will now receive just 5.25 US cents (4p) per share The oil giant reported a $6.7 billion (£5.1 billion) underlying loss Average price of oil … Read more