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Metro Bank posts heavy loss on Covid bad debt provision
Metro Bank set aside £112m for coronavirus-related credit losses as it swung to a half-year pre-tax loss.
William Hill to shut 119 UK shops as Covid shutdown hits profits
Bookmaker William Hill reported an underlying first-half loss as revenue slumped following the cancellation of sporting events due to the coronavirus pandemic and announced 119 UK shops would not reopen post Covid-19 lockdown.
Virgin Atlantic files for bankruptcy protection in US
Virgin Atlantic declared itself bankrupt as it sought protection from creditors in the US, according to a court filing in New York on Tuesday.
RHI Magnesita ditches dividend as H1 profits fall on lower demand
Refractory products maker RHI Magnesita saw interim profits more than halved as demand at its steel and industrial divisions was hit by the coronavirus pandemic.
Hastings agrees to £1.6bn takeover by consortium as profits rise
Hastings on Wednesday said it had agreed terms on a £1. 6bn takeover by a consortium led by Finnish insurer Sampo and its biggest shareholder, Rand Merchant Investment Holdings.