Bailedout

Bailed-out firms face coronavirus dividend ban

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Government considering banning dividends at companies which take out taxpayer-backed loans in coronavirus crisis By Lucy White For The Daily Mail Published: 21:54 BST, 17 May 2020 | Updated: 21:54 BST, 17 May 2020 The Government is considering banning dividends at companies which take out taxpayer-backed loans in the coronavirus crisis.  Firms which borrow up … Read more

Bailed-out TUI’s bosses refuse to accept a pay cut despite furloughing 11,000 UK staff

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Bailed-out TUI’s bosses refuse to accept a pay cut despite furloughing 11,000 UK staff  TUI received a £1.6billion bailout from the German government  It claims its executive board is ‘also making its financial contribution in the crisis’  It also said it was unlikely there would be any bonuses this year for executives By Jamie Nimmo … Read more