John Lewis will close stores and axe staff as Harrods announces 700 jobs losses

John Lewis is expected to axe stores, workers and one of its headquarters as well as jobs at its sister business Waitrose while Harrods today revealed it must slash around 700 posts as coronavirus continues to choke Britain’s high streets The bad news at two of the UK’s best loved department stores came amid disaster for retailers … Read more John Lewis will close stores and axe staff as Harrods announces 700 jobs losses

John Lewis will close stores and axe staff as Harrods announces 750 jobs losses

John Lewis is expected to axe stores, workers and one of its headquarters as well as jobs at Waitrose as Harrods today revealed it must slash around 700 jobs as coronavirus continues to choke Britain’s high streets The bad news at two of the UK’s best loved department stores came amid disaster for retailers up … Read more John Lewis will close stores and axe staff as Harrods announces 750 jobs losses

How not to get burned this summer: Travel industry tries to cut losses

After months of closures and cancellations, holidays abroad are within reach.  This week, holiday firms were bombarded with bookings from sunseeking Britons after the Government revealed it would open ‘air bridges’ to countries where the virus was contained. But those who go abroad this summer may find they cannot get travel insurance for cancellations linked … Read more How not to get burned this summer: Travel industry tries to cut losses

New blow to air industry as firm Swissport announces 4,500 job losses due to Covid-19

Baggage handler Swissport announces 4,500 job losses due to Covid-19 as airport bosses say 20,000 UK industry staff are at risk Chief executive Jason Holt told staff cuts had to come to help company survive Swissport operates at airports across the UK, including Heathrow and Gatwick It currently employs 8,500 baggage handlers and check-in staff … Read more New blow to air industry as firm Swissport announces 4,500 job losses due to Covid-19

RUTH SUNDERLAND: Job losses hit North hard

Nowhere will be immune to the job losses looming over Britain, but parts of the North and the Midlands are likely to suffer a disproportionate amount of pain. Manufacturing towns like Derby, where they make planes, trains and automobiles – three industries devastated by the pandemic – are bracing for heavy redundancies on top of … Read more RUTH SUNDERLAND: Job losses hit North hard

Beware a hasty house sale… it can be a quick route to big losses

Beware a hasty house sale… Or why tempting agents’ offers to sell your home in a hurry can be a quick route to very big losses Homeowners being warned of a rise in rogue estate agents exploiting families    They risk being tied into expensive long-term contracts with ‘quick sale’ firms    Some cash home-buying firms offer … Read more Beware a hasty house sale… it can be a quick route to big losses

Woodford’s administrator in spotlight as investors face further losses

Woodford Equity Income Fund’s administrator threatened with legal action as investors face further losses By Daily Mail City & Finance Reporter Published: 21:51 BST, 5 June 2020 | Updated: 21:51 BST, 5 June 2020 The reputation of the firm overseeing Neil Woodford’s failed fund took another battering as investors faced further losses and threatened it … Read more Woodford’s administrator in spotlight as investors face further losses

James Reed warns of job losses ‘tsunami’ on ‘day of reckoning’ when furlough ends

Boss of Britain’s biggest recruiter James Reed warns of job losses ‘tsunami’ on ‘day of reckoning’ when furlough ends Government revealed it was paying 6.3m workers’ wages at the start of May There were warnings it faced an £8bn bill as a result of the furlough scheme The scheme will run out at the end … Read more James Reed warns of job losses ‘tsunami’ on ‘day of reckoning’ when furlough ends

Port Talbot jobs fears as Tata Steel’s  Chandrasekaran says he will not ‘tolerate losses’

Fresh Port Talbot jobs fears as Tata Steel’s Chandrasekaran says he will not ‘tolerate losses’ By A Daily Mail Reporter Published: 23:00 BST, 5 January 2020 | Updated: 08:03 BST, 6 January 2020 There were fresh fears for 4,000 Tata steel workers in Port Talbot after the boss of its Indian owner said he would … Read more Port Talbot jobs fears as Tata Steel’s  Chandrasekaran says he will not ‘tolerate losses’

Uber losses hit £2.3bn but food delivery service is a ‘silver lining’

Uber feels a £2.3bn pandemic pain but its food delivery service becomes the ‘silver lining’ By Daily Mail City & Finance Reporter Published: 21:50 BST, 8 May 2020 | Updated: 09:14 BST, 9 May 2020 Uber’s losses ballooned to £2.3billion between January and March as coronavirus travel restrictions hammered its taxi business. This was far … Read more Uber losses hit £2.3bn but food delivery service is a ‘silver lining’