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France Q2 GDP falls by record 13.8% as Covid lockdowns bite
France’s economy contracted by a record 13. 8% in the second quarter as it felt the impact of coronavirus lockdowns, official data showed on Friday.
NatWest swings to loss as it adds £2bn for Covid bad loans
NatWest first-half profits evaporated as the bank was forced to set aside an extra £2bn for bad loans in the second quarter due to the Covid-19 pandemic.
Paragon Banking says 21% of loan balances on deferrals
Mortgage lender Paragon Banking said reported payment deferrals on 21% of its loan balances during the coronavirus crisis.
Spain enters recession as GDP plummets 18.5%
Spain posted a record fall in GDP in the second quarter, plunging a worse-than-expected 18. 5% and sending the country into a deep recession, data from the National Statistics Institute showed on Friday.
BAT reports higher profits on demand for high-priced cigarettes, vapes
British American Tobacco on Friday reported better-than-expected profits, driven by sales of more high-priced cigarettes and strong demand for it vaping products in the US.