The housebuilder, which made an £836million profit last year, said it accepted the support as a ‘precautionary measure’ but no longer needed it due to the ‘strength of the business.
Daily Mail Business Articles
MARKET REPORT: Bank of England’s £100bn boost doesn’t excite investors
The Old Lady of Threadneedle Street pledged to pump an extra £100bn into the economy as it reels from the effect of the coronavirus pandemic.
MAGGIE PAGANO: Slavery’s shameful legacy haunts the FTSE 100
When the British government abolished slavery in 1833, around 47,000 individuals involved in the slave trade were compensated for the ‘property’ they had lost overseas.
German tech giant Wirecard admits £1.7BILLION in cash has gone MISSING
Auditor EY was unable to confirm the existence of 1.9 billion euros ($2.1 billion) in cash balances on trust accounts, representing around a quarter of its balance sheet.
FCA bans promotion of mini-bonds for good
The FCA first prohibited further mass-marketing of the speculative financial products in January, to protect investors ahead of the Isa season.
Amigo loans founder fails to unseat company’s board
James Benamor wanted to oust bosses and install two of his own directors following a dire period of trading and the launch of a probe by the Financial Conduct Authority into its lending practices.
Fears Rolls-Royce will cut up to 4,500 jobs in the East Midlands
The engineering giant has said it will axe 9,000 roles globally because of the pandemic’s impact, with about 1,500 already set to fall on the company’s historic base in Derby.
Derby counts cost of Covid: Jobs crisis looms over city
The East Midlands town has three claims to fame: its Crown Derby fine porcelain, its football club and the engineering prowess at Rolls-Royce, a byword for British quality, employing 12,000 locals.
Sir Richard Branson loses Virgin Trains High Court battle
In another blow for the billionaire tycoon, a judge dismissed a case brought by Virgin Rail, Stagecoach and France’s SNCF against the Department for Transport over various franchise bids.
Fat cats back on full pay as millions face unemployment
The chief executives of FTSE 100 firms including Burberry, food manufacturer Bakkavor, and builder Persimmon have reverted to full pay after cutting their wages.