Daily Mail Business Articles

Britons spent a little more, paid back a little less and tucked away a lot more last month, with savings increasing a record £25.6bn, figures from the Bank of England show.

The Manchester-based company, which calls itself ‘the UK’s leading provider of school buildings,’ saw its shares jump 8.7 per cent to 97.9p by midday

The London-based restaurant group, which employs 1,200 staff, today filed a notice of intention to appoint administrators as it holds talks with three potential buyers.

Just over 5,000 cars were produced by UK factories in May compared to 116,000 in the same month a year ago, latest industry figures have confirmed.

Under normal circumstances you might observe a switch of spending away from consumer goods and towards experiences. But Covid has for now anyway put the mockers on that.

The Canada Pension Plan Investment Board, which was one of Intu’s lenders, took control of the mall near Manchester rather than agreeing to give the company more than a year to pay back its debts.

The sector could take a hit of up to £36billion this year in a worst-case scenario as investment plunges and demand for many products grinds to a halt. Car makers have been the worst hit sub-sector.

The firm, whose bags are a favourite of Louise Redknapp, made a loss of £1.4m in the year to June 2019 – down from £1.5m in 2018 – as sales fell everywhere, including by £800,000 in the UK.

In research that shames boardroom excess, chief executives at some of Britain’s biggest companies were found to be earning 200 times more than their average employee.

Chancellor Rishi Sunak is understood to have cooled on the idea of reducing the levy, and to want to wait and see how consumers respond to the gradual lifting of lockdown.