Daily Mail Business Articles

Lord Browne, the former boss of BP, said the decision to block Huawei from using American chips in its product ‘increased the risk’ and left it with ‘very little new business growth’.

Dividend payments plummeted by 57 per cent – the biggest fall on record – to just £16.1billion in April, May and June, according to Link Group.

It would be a tragedy if, as a result of naivety in Britain, a triumph of UK tech engineering were to end up with a dominant Japanese shareholding and quoted in New York.

The company is said to be planning to lay off 500 of its 2,000 UK staff. Sales have suffered a blow during coronavirus and the firm slumped to a £79.9m loss in the year to January.

Some 20 per cent plan to occupy less physical space following Covid-19, while 29 per cent plan to let staff work from home, research by Santander found. But 81 per cent fear they will not recover.

Priti Patel has been urged to take action in a letter from 90 top retailers, also signed by MPs, peers, investors and charities. The British Retail Consortium said licensing would help the vulnerable.

Acknowledging misuse of similar funds in the past, officials have drafted in experts to ensure the enormous increase in outlay on skills and apprenticeships is spent as intended.

OpenSkies, which runs IAG’s Level brand in France, last week began a three-month consultation over winding up its operations from Orly in Paris.

Ken McMeikan is positioning himself as the champion of hard-up drivers. Moto has cut the price of fuel by 8p per litre at five petrol stations to better compete with supermarkets.

According to the 37-nation club of richer countries, the Organisation for Economic Co-operation and Development, the UK is scoring 97.4 on a ‘forward looking’ index, against 96.7 for the G7 overall.