Daily Mail Business Articles

The payments processing firm has just filed for insolvency after a turbulent week which saw the firm admitting it had a £1.7billion black hole in its accounts.

On May 28, a modified Cessna Caravan 208B, or eCaravan built by electric aircraft company MagniX and aerospace firm AeroTEC, flew in the air for 30 minutes above Moses Lake.

Non-Standard Finance, which owns the Everyday Loans, Loans at Home, George Banco and Trust Two brands, said there was ‘material uncertainty’ surrounding its ability to keep operating.

The 504-year-old postal service has come under fire for being too reliant on the shrinking letters market, and failing to invest heavily enough in the growing parcels business.

The former England football captain is taking a ‘significant minority stake’ in the start-up, which is building a talent academy for esports players. The industry is worth more than £800m.

The Covid- 19 crisis has produced a loss of life greater than the Blitz and a scale of state intervention in the UK’s freewheeling economy totally out of keeping with modern Anglo -Saxon capitalism.

When it comes to bailing out firms affected by Covid-19, Rishi Sunak is no pushover. There was reluctance in Whitehall to come to the rescue of Virgin Atlantic because there were other routes.

The Washington-based watchdog warned that a second wave of infections could trigger another share price rout by adding ‘financial stress on top of an already unprecedented economic recession’.

Mitie agreed to pay £271m to take over its rival’s facilities management arm, creating a business with almost 88,000 staff. Combining resources would save the firms millions of pounds a year.

Former boss Markus Braun was, according to German media, arrested after presenting himself to police and was released on bail earlier this week after stumping up over £4.5million.