Serco had a dismal start to the week. The outsourcer admitted it had been stripped of a government contract to run the facilities that make nuclear warheads. The Ministry of Defence has decided to take back control of the Atomic Weapons Establishment (AWE) from a group including Serco – which had a 24.5 per cent … Read more
Marks & Spencer set to reveal first signs of boost from its Ocado tie-up after major collapse in clothing sales By Alex Lawson, Financial Mail On Sunday Published: 21:51 GMT, 31 October 2020 | Updated: 21:51 GMT, 31 October 2020 Marks & Spencer is set to reveal the first signs of a boost from its … Read more
BUSINESS LIVE: ITV set to drop out of the FTSE 100; Dunelm sales jump; STV slumps to a loss By This Is Money Published: 08:10 BST, 1 September 2020 | Updated: 08:19 BST, 1 September 2020 Broadcaster ITV is set to be relegated from the FTSE 100 in today’s reshuffle after its shares suffered from … Read more
UK car manufacturing outputs fell 21 per cent in July despite nearly all factories in the country being open throughout the month. Just 85,696 new models left vehicle plants last month, which is 22,543 fewer than in July 2019, official figures have revealed today. The trade body said the month had seen the ‘ramp up … Read more
Royal London slumps to a £181m loss with pension sales plummeting as individuals and companies put off decisions due to Covid crisis Royal London made a loss of £181m in the first half after a £397m profit in 2019 Individual pension sales fell 18% to £2.6bn, workplace down 25% to £1.4bn But sales of life … Read more
Green shoots in the housing market have failed to win over Rightmove investors as the property listings site warned it is likely to take another £20million hit to revenues this year. Rightmove has clocked up its ten busiest-ever days since the market began reopening on May 13. In the last seven days alone the number … Read more
The popularity of Russian President Vladimir Putin has taken a blow as the country saw more than 10,000 new coronavirus infections for the second day in a row. Today saw 10,581 new confirmed cases of the disease after Sunday’s 10,633, putting the total in Russia at 145,268, meaning that Russia is now recording more new … Read more
Stock markets fell today after a promising drug that experts hoped would become a breakthrough treatment for coronavirus flopped in its first key trial. The FTSE 100 index of Britain’s largest companies dropped by 86 points or 1.48 per cent to 5,740 this morning – the US Dow also dipped slightly. Investors had high hopes … Read more
MARKET REPORT: Shopping centre-owner Hammerson slumps to all-time low after stricken retailers pay just a third of rents By Francesca Washtell For The Daily Mail Published: 22:10 BST, 30 March 2020 | Updated: 22:10 BST, 30 March 2020 Shopping centre-owner Hammerson slumped by a fifth to an all-time low after stricken retailers paid just a … Read more