MARKET REPORT: DS Smith is boxed in by investors over dividend

Britain’s biggest box maker DS Smith struck the wrong note with investors after it chose to withhold its dividend. The packaging maker cancelled its final payout to shareholders despite the rise in online shopping that boosted business during lockdown. Profits at the group – whose customers include Amazon – rose 5 per cent to £368million … Read more MARKET REPORT: DS Smith is boxed in by investors over dividend

Fast fashion drives recovery at Primark as crisis costs it £600m

Fast fashion drives recovery at Primark as crisis costs it £600m with sales for the past quarter plummeting 75% By Daily Mail City & Finance Reporter Published: 21:50 BST, 2 July 2020 | Updated: 22:02 BST, 2 July 2020 Sales at the fast fashion retailer Primark’s stores are recovering well after the Covid-19 pandemic cost … Read more Fast fashion drives recovery at Primark as crisis costs it £600m

Café Rouge falls into administration as Prezzo puts itself up for sale

Restaurants in crisis as more fail to survive lockdown: Café Rouge crashes into administration as Prezzo puts itself up for sale By Hugo Duncan for the Daily Mail Published: 21:51 BST, 2 July 2020 | Updated: 22:02 BST, 2 July 2020 The crisis engulfing High Street restaurants intensified as the owner of Café Rouge crashed … Read more Café Rouge falls into administration as Prezzo puts itself up for sale

Cheap travel to help fuel fast recovery at Ryanair

Cheap travel to help fuel fast recovery at Ryanair: Boss predicts passenger numbers will return to pre-crisis levels by next summer By Daily Mail City & Finance Reporter Published: 21:51 BST, 2 July 2020 | Updated: 22:02 BST, 2 July 2020 Ryanair boss Michael O’Leary described the coronavirus crisis as the worst the airline industry … Read more Cheap travel to help fuel fast recovery at Ryanair

Artist hired by King’s Cross as the area reopens for business

Artist hired by King’s Cross for three-month summer exhibition as the area reopens for business By Daily Mail City & Finance Reporter Published: 21:51 BST, 2 July 2020 | Updated: 22:07 BST, 2 July 2020 King’s Cross has launched a three-month summer art exhibition as the area reopens for business. The 67-acre estate, which is … Read more Artist hired by King’s Cross as the area reopens for business

Wizz Air carried 100,000 more passengers than Ryanair last month

Battle of budget airlines sees Wizz Air beat rival Ryanair with 100,000 more passengers last month Wizz Air opened new bases in Dortmund, St Petersburg, and Bacau in Romania The airline industry has suffered greatly massively from the Covid-19 pandemic Ryanair pilots agreed to have their wages cut by 20% yesterday to save 260 jobs  … Read more Wizz Air carried 100,000 more passengers than Ryanair last month

MARKET REPORT: Upper Crust cull leaves investors with sour taste

Shares in train station and airport cafe operator SSP came under pressure as it became the latest company to lay off workers because of the plunge in travel. The Upper Crust-owner warned investors it could axe up to 5,000 jobs from its head office and UK outlets as commuters stay home, socialising remains limited and … Read more MARKET REPORT: Upper Crust cull leaves investors with sour taste

Holidays will never be cheaper, says Ryanair boss Michael O’Leary

Holidays will never be cheaper, says Ryanair boss as he predicts airline will have to slash fares to recover from pandemic By James Salmon for the Daily Mail Published: 21:50 BST, 1 July 2020 | Updated: 21:50 BST, 1 July 2020 The coronavirus crisis will herald an era of ultra-cheap European holidays, says the boss … Read more Holidays will never be cheaper, says Ryanair boss Michael O’Leary

Branson to put £200m into Virgin Atlantic as targets £1bn rescue deal

Branson to put £200m into Virgin Atlantic as it races to secure £1bn rescue deal By Daily Mail City & Finance Reporter Published: 21:51 BST, 1 July 2020 | Updated: 21:51 BST, 1 July 2020 Sir Richard Branson is set to pump £200million of emergency cash immediately into Virgin Atlantic as it races to secure … Read more Branson to put £200m into Virgin Atlantic as targets £1bn rescue deal