GameStop winners and losers: Small Reddit investors are up while hedge funds face $19B in losses

The staggering rally of shares in beleaguered video game retailer GameStop is minting new millionaires, and costing hedge funds billions of dollars – at least on paper. GameStop shares rose another 70 percent on Friday in a staggering rally driven by small investors on the online forum Reddit that has seen the stock surge 1,800 … Read more

GameStop winners and losers: Small Reddit investors are up while hedge funds face $19B in losses

The staggering rally of shares in beleaguered video game retailer GameStop is minting new millionaires, and costing hedge funds billions of dollars – at least on paper. GameStop shares rose another 70 percent on Friday in a staggering rally driven by small investors on the online forum Reddit that has seen the stock surge 1,800 … Read more

TALK OF THE TOWN: Jeremy Clarkson’s foray into social media has racked up £21million in losses

TALK OF THE TOWN: Jeremy Clarkson, Richard Hammond and James May post £21million loss for their DriveTribe online car community By Alistair Foster, Joanna Bell And Sophie Cockerham For The Mail On Sunday Published: 23:26 GMT, 23 January 2021 | Updated: 23:31 GMT, 23 January 2021 Petrolheads Jeremy Clarkson, Richard Hammond and James May may … Read more

Budget airline Norwegian axes its long-haul network, leading to 1,100 job losses at Gatwick Airport

Budget airline Norwegian axes its long-haul network, leading to 1,100 job losses at Gatwick Airport The carrier said it will operate a ‘simplified business structure’ Its entire Boeing 787 Dreamliner fleet has been grounded since March 2020 Customers with affected bookings will be contacted by the airline and refunded  By City & Finance Reporter for … Read more

Debenhams to close six branches, including its flagship London store, with 320 job losses

Debenhams to close six branches, including its flagship London store, with 320 job losses By City & Finance Reporter for the Daily Mail Published: 22:29 GMT, 13 January 2021 | Updated: 22:29 GMT, 13 January 2021 Department store chain Debenhams has said it will permanently close six branches, including the flagship Oxford St shop Department … Read more

Cargo ship suffers epic losses after 2,000 containers topple over during a storm en route to Japan 

Cargo ship suffers epic losses after 2,000 containers topple over during a storm en route to Japan Container ship, ONE Apus, arrived at the Port of Kobe, Japan, on Tuesday  It lost 1,816 cargo containers 1,600 nautical miles northwest of Hawaii   The ship reportedly encountered 52-foot waves during its journey  By Isabella Nikolic For Mailonline … Read more

Motor dealers to offer and average of 7% off new cars this month to recoup lockdown 2 losses

Car dealers in England are set to offer big discounts on popular mainstream models this month as they reopen their doors from today following the second national lockdown. With showrooms forced to revert to online sales and click-and-collect services over the last month, UK car registrations look on course to only just break 1.5 million … Read more

Motor dealers to offer and average of 7% off new cars this month to recoup lockdown 2 losses

Car dealers in England are set to offer big discounts on popular mainstream models this month as they reopen their doors from today following the second national lockdown. With showrooms forced to revert to online sales and click-and-collect services over the last month, UK car registrations look on course to only just break 1.5 million … Read more

Clarks shoes criticised for £13m payout to founding family before more than 1,000 job losses

Clarks shoes criticised for £13m payout to founding family before more than 1,000 job losses Family shareholders were paid £13.4m of dividends over two years  This was as the company racked up losses of £114.2m and made job losses Unions representing Clarks’ shop workers lashed out at the payments  By Tom Witherow For The Daily … Read more

The £8BILLION Christmas High Street catastrophe: Non-essential’ shops brace for devastating losses

Businesses were today bracing for a punishing four weeks that will see them burn through billions during England’s second national lockdown. Thousands of bosses and staff of non-essential shops, pubs, restaurants and gyms are waking up to a familiar sense of uncertainty after being ordered to close until at least December 2. Ministers have been … Read more