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high streets wood green retail capital regional
Virgin Media to quit high street after Covid shutdown

Virgin Media will disappear from the UK high street after the Covid-19 crisis speeded up its shift away from physical stores to online and phone sales, according to a report.

Serco Environmental Services rubbish truck
Serco Chairman Roy Gardner to step down

Serco is looking for a new chairman after Roy Gardner decided to step down five years after joining the public services outsourcing group.

ep avio de ryanair
Ryanair and Wizz are best airline shares, Morgan Stanley says

Ryanair and Wizz Air are the European airlines that offer investors the best balance between risk and reward with easyJet an attractive bet if demand recovers faster than expected, Morgan Stanley said.

michael saunders
BoE's Saunders says slow recovery needs 'aggressive' action

A Bank of England ratesetter has warned the economy is likely to recover slowly from the Covid-19 crisis and called for "aggressive" action to limit the risks.

debenhams tienda
Debenhams cuts hundreds of head office jobs - report

Debenhams has cut hundreds of head office jobs as it reduces its admin operations for a smaller business, according to report.

Costain building site, construction, civil engineering
Costain completes £100m fundraising

Costain has completed a £100m fundraising to strengthen its balance sheet and take up growth opportunities.

daily mail
DMGT to review dividends after making interim payment

Daily Mail & General Trust said it would review future dividends based on trading and the economy after increasing its interim payout.

iwg logo
IWG raises £320m for post-Covid expansion

IWG has raised £320m by selling shares to investors to give the company funds for expansion following the Covid-19 crisis.

ep avioneseasyjet 20180517133607
EasyJet to cut 4,500 jobs and shrink fleet

EasyJet plans to cut about 4,500 jobs as the airline prepares to restart flying with a smaller fleet and reduced demand as a result of the Covid-19 crisis.

hong kong protesta aeropuerto
China votes for Hong Kong security law as US tensions rise

China's parliament has voted overwhelmingly to impose a national security law on Hong Kong in a move that has unnerved markets and threatens to increase tensions between Beijing and the US.

energy power electricity contourglobal
ContourGlobal chairman says shares undervalued

ContourGlobal's chairman said the company's shares were undervalued as he stuck to the company's target of a 10% increase in the annual dividend.

Bodycote, engineering
Bodycote cuts more than 700 jobs after revenue slumps

Bodycote is cutting more than 700 jobs and closing factories after underlying revenue fell by more than a third in April because of the Covid-19 shutdown.

27 May
HSS Hire revenue drops as Covid-19 hits business

HSS Hire said revenue was currently 40% less than normal in the second quarter as the Covid-19 crisis hit its business.

27 May
ep avioneasyjet 20190718161704
FTSE 100 set for shake-up as easyJet faces drop

The FTSE 100 could be in for its biggest shake-up in more than a decade as the Covid-19 crisis looks set to eject easyJet and Carnival from the index of leading shares.

27 May
ep rishi sunak ministro de finanzas del reino unido
Government pays £6.8bn to support self-employed workers

The government has spent £6. 8bn providing financial support to 2. 3m self-employed workers in under two weeks since the scheme was launched, official figures showed.

27 May
services outsourcing maintenance mears
Mears confident on outlook but sees delays to bids

Mears Group said it had an order book of £2. 5bn and was confident about its outlook though Covid-19 could cause delays to contract bids in the current year.

27 May
tesco, supermarket, retail, grocery
Grocery sales jump at record pace

Grocery sales jumped 14. 3% – the fastest pace on record – in the 12 weeks to mid-May as households stocked up during the Covid-19 crisis and let their hair down on the VE Day bank holiday.

27 May
Westminster, London, politics, government, Big Ben
Caledonia 'committed' to dividend after upping payout

Caledonia Investments said it was committed to its dividend after increasing the payout despite a fall in asset values caused by the Covid-19 crisis.

27 May
Hammerson CEO David Atkins to leave after a decade

Hammerson is looking for a new chief executive after David Atkins stepped down after a decade in charge at the commercial property company.

27 May
meadowhall, british land, retail, shopping centre
British Land portfolio value falls 10% as retail drops

The value of British Land's property fell 10% in the last financial year pushing the real estate company to a net loss of more than £1bn as the value of its retail sites fell sharply.