Full List Of Stories
China threatens UK over Hong Kong passport offer
Diplomatic tensions between London and Beijing increased on Thursday after China threatened to retaliate if Britain granted residency to Hong Kong citizens looking to escape a draconian new national security law.
Primark sees profit slump as Covid-19 lockdowns hit sales
Associated British Foods said it expected a two-third slump in annual profits at its Primark unit as it felt the impact of closures during the coronavirus pandemic.
Mitchells & Butlers swings to loss on Covid lockdown closures
Pub group Mitchells & Butlers swung a to a first-half pre-tax loss as the coronavirus pandemic hurt revenue.
SSP to cut up to 5,000 UK jobs as Covid-19 slams travel industry
Travel food operator SSP Group said it was looking to slash 5,000 jobs in the UK as it dealt with the collapse in air travel due to the Covid-19 pandemic.
Groceries drive 8.2% Sainsburys sales rise under new CEO
Supermarket chain Sainsbury’s reported an 8. 2% rise in first quarter like-for-like sales driven by groceries as Britons stocked up during the coronavirus lockdown.
UK banks escape probe into overdraft rises during Covid-19
UK banks were put on notice over overdraft pricing during the coronavirus crisis by the industry regulator on Wednesday, but escaped the threat of a full probe.
German June unemployment rises less than expected
Germany reported a less-than-expected rise in June unemployment as the government’s short-time work scheme helped to offset the economic impact of the coronavirus pandemic.
Kier ponders cash raising as Covid-19 hits revenues
Infrastructure company Kier said it was considering a cash raising to shield its balance sheet from the impact of the coronavirus pandemic.
John Laing sees single-digit fall in NAV from Covid-19
John Laing said first half net asset value before deducting dividends was expected to show a single digit decline as investment activity was hampered by the coronavirus lockdown.
Redrow warns of full year profits hit as it scales back London ops
Housebuilder Redrow said annual profits would be “substantially” lower after scaling back its London operations and factoring in the impact of Covid-19.
Shell to write down assets by up to $22bn after review
Shell said it planned to write down the value of its assets by up to $22bn after lowering its outlook for oil and gas prices amid the Covid-19 pandemic.
UK GDP suffers biggest fall in 40 years amid Covid-19 crisis
The UK economy recorded its largest contraction in more than four decades, official figures revealed on Tuesday, as consumers cut spending in the first few days of the coronavirus lockdown.
Two-thirds of small firms face late payments during Covid crisis - FSB
Nearly two-thirds of small businesses have been hit by late or frozen payments during the coronavirus pandemic, the Federation of Small Businesses (FSB) said on Monday.
Eurozone economic sentiment rebound strengthens in June
Economic sentiment in the euro zone continued to recover in June as momentum in May gained pace, according to data released by the European Commission on Monday.
UK govt in record bond sales to pay for coronavirus response
Britain on Monday said it would sell another £50bn in bonds, taking debt issuance to record levels as the government looked to pay for its coronavirus pandemic response.
Calisen to resume smart meter installations in July
Meter-reading services firm Calisen said its Lowri Beck subsidiary expected to resume meter reading, non-essential smart meter installations and field services in July as Covid-19 lockdown measures eased.
Energean excludes Norway unit from Edison deal
Energean said it had agreed to exclude Edison E&P’s Norwegian subsidiary from its takeover deal, and cut capital expenditure guidance as oil companies wrestle with a slump in prices amid the coronavirus crisis.
Avon Rubber secures $16.3m mask order from US military
Avon Rubber said it had received a $16. 3m mask order under its US Department of Defense M50 sustainment contract.
UK's Sunak warns of 'extraordinarily high bar' for bailouts
UK Finance Minister Rishi Sunak warned companies struggling from the impact of the coronavirus impact that any government-backed rescue would have to meet an "extraordinarily high" bar.
Virgin Australia bought by Bain Capital
Struggling airline Virgin Australia has been sold to US private equity group Bain Capital by administrators after the coronavirus pandemic and associated travel restrictions hammered revenues.