MARKET REPORT: £142m loan scam sends oil firm Lekoil nosediving 73%

The uncovering of an elaborate scam sent shares in AIM-listed Lekoil crashing to an all-time low. The oil company had been duped into believing it had secured a £142million loan from the Qatar Investment Authority, which it was going to put towards further drilling off the coast of Nigeria. So sure was it that it … Read more

TV chef Raymond Blanc goes to war with insurance firm Hiscox

TV chef Raymond Blanc goes to war with insurance firm Hiscox after they refused pay outs on his 37 closed pubs despite ‘agreeing to cover damages caused by contagious disease’ Raymond Blanc has been forced to close 37 of his UK pubs and restaurants  The 70-year-old said insurance firm Hiscox were not paying out to … Read more

Amazon first warehouse-worker death from COVID-19 as firm sacks three workers calling for safety

A worker at an Amazon warehouse in Southern California has died from the coronavirus. Gerard Tuzara, 35, worked as an operations manager at Amazon’s Hawthorne facility near LAX airport.   Tuzara is thought to have passed away on March 31st and is the first known employee from the company to die from the disease.  His death … Read more

Amazon first warehouse-worker death from COVID-19 as firm sacks three workers calling for safety

A worker at an Amazon warehouse in Southern California has died from the coronavirus. Gerard Tuzara worked as an operations manager at Amazon’s Hawthorne facility near LAX airport.   Tuzara is thought to have passed away on March 31st and is the first known employee from the company to die from the disease.  His death comes … Read more

Pharmaceutical firm to donate two million tablets of malaria drug to world’s largest COVID-19 trial 

A pharmaceutical firm will donate two million antimalarials to the world’s largest COVID-19 medication trial following Donald Trump’s praise of the drug. Accord Healthcare Ltd, a global medicine distributor, will supply hydroxychloroquine to 40,000 frontline healthcare workers in the COPCOV study.  They will take a hydroxychloroquine tablet daily and be followed for a five-month period to … Read more

Life after Sir Martin Sorrell sees WPP seek buyer for its £3bn market research firm Kantar 

STOCK MARKET WATCHLIST: Life after Sir Martin Sorrell sees WPP seek buyer for its £3bn market research firm Kantar By Edited By Jamie Nimmo For The Financial Mail On Sunday Published: 21:48 BST, 13 April 2019 | Updated: 10:13 BST, 15 April 2019 WPP’s post-Sorrell clear-out kicks off in earnest this week. The advertising giant … Read more

MIDAS SHARE TIPS: Family firm FW Thorpe giving savers a flick of light in dark times

MIDAS SHARE TIPS: Family firm FW Thorpe giving savers a flick of light in dark times By Joanne Hart for The Mail on Sunday Published: 22:04 BST, 11 April 2020 | Updated: 22:04 BST, 11 April 2020 Frederick William Thorpe founded Thorlux Lighting in 1936. Today FW Thorpe still specialises in lighting products. It is … Read more

Fashion show firm Hyve could raise £100m as it takes a big hit from coronavirus lockdown

Fashion show firm Hyve could raise £100m as it takes a big hit from coronavirus lockdown By Ben Harrington For The Mail On Sunday Published: 22:26 BST, 11 April 2020 | Updated: 22:26 BST, 11 April 2020 A company that organises Britain’s largest fashion trade show is in advanced talks about raising millions of pounds … Read more

‘My uncle, 91, pays £492 a year to long dead funeral firm’: TONY HETHERINGTON investigates

‘My uncle, 91, pays £492 a year to long dead funeral firm’: TONY HETHERINGTON investigates By Tony Hetherington, Financial Mail on Sunday Published: 22:02 BST, 11 April 2020 | Updated: 23:24 BST, 11 April 2020 Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors … Read more

Manager at UK food firm tells staff they will be sacked if they stay home during coronavirus crisis

Manager at major UK food firm that supplies Tesco, Sainsbury’s, Marks & Spencer and Waitrose tells packed staff meeting that they will be sacked if they stay at home during coronavirus crisis Some of Bakkavor’s employees said they felt under pressure to go into work  Video shows Sean Madden telling staff they would be sacked … Read more