FTSE CLOSE: Markets rally on hopes of US rate cut; FCA hits banks with clampdown on overdraft fees; Depressed pound edges up as Theresa May steps down The FTSE 100 closed up 1%, or 72 points, at 7,331.94 The FCA has banned banks from charging more for unarranged overdrafts The pound has edged up a little … Read more
Shares tank after shock US rate cut: Dow falls 786 points as Trump urges Fed to do more and Carney vows help for UK firms By Hugo Duncan for the Daily Mail Published: 23:17 BST, 3 March 2020 | Updated: 13:08 BST, 4 March 2020 Shares on Wall Street tumbled last night after the first … Read more
Cutting back on mowing roadside grass patches will help wildflowers like oxeye daisies and harebells have ‘their best summer in years’. The UK has more than 310,000 miles of rural road verges which have become a refuge for wildflowers squeezed out of the countryside, says charity Plantlife. The plant conservation group says these flowers often … Read more
Heathrow bosses threaten thousands of staff with the sack if they refuse to take 15% pay cut during coronavirus crisis Employees at London Heathrow Airport are told to accept coronavirus pay cut ‘Dismissal and reinstatement might be the final step’ for anyone not agreeing Human resources chief Paula Stannett sends strongly-worded memo to staff She … Read more
Top bankers FINALLY take a pay cut in the face of coronavirus (but not at Lloyds, HSBC or taxpayer-backed RBS) By Lucy White For The Daily Mail Published: 22:57 BST, 7 April 2020 | Updated: 23:13 BST, 7 April 2020 Bosses of Britain’s biggest banks have begun to cave in to pressure to cut their … Read more
2020 OLYMPIC GAMES The 2020 Olympic Games has been postponed until 2021 on March 24 – becoming one of the last major sporting events this summer to fall victim to the coronavirus. Japanese prime minister Shinzo Abe held a crucial conference call with Olympics chief Thomas Bach on Tuesday to formally decide a plan and … Read more
2020 OLYMPIC GAMES The 2020 Olympic Games has been postponed until 2021 on March 24 – becoming one of the last major sporting events this summer to fall victim to the coronavirus. Japanese prime minister Shinzo Abe held a crucial conference call with Olympics chief Thomas Bach on Tuesday to formally decide a plan and … Read more
Boss of Ladbrokes owner GVC hangs on to his £860k salary, after refusing to take a pay cut By Daily Mail City & Finance Reporter Published: 21:50 BST, 6 April 2020 | Updated: 22:22 BST, 6 April 2020 Gambling with his reputation: GVC boss Kenny Alexander has refused to take a pay cut GVC’S boss … Read more
Rolls-Royce joins rush to cut dividends with 13 firms suspending or cancelling payouts worth £636m in just one day By Lucy White For The Daily Mail Published: 21:50 BST, 6 April 2020 | Updated: 22:22 BST, 6 April 2020 Dividends worth £17.6billion have now been axed so far this year as British investors continue to … Read more
The last 5 per cent savings deal in Britain has gone up in smoke, with Nationwide Building Society slicing the interest rate on its popular FlexDirect current account to 2 per cent from May. The move came in a series of cuts that decimated Britain’s biggest building society’s savings rates, with some legacy accounts now … Read more