When approached, those involved refused to comment on whether they would be raising concerns with the banks. A source at one of the sporting events said it was simply ‘not our business’.
The models retailer said it would make at least £85m of profit on £270m of sales for the year to the end of May 2020 despite closing stores.
John Bason, the fashion retailer’s finance chief, said the virus has led to a ‘step change’ for rent reductions, massively accelerating a trend caused by the decline of the High Street.
The ‘strategic investment’ is worth 5.1 per cent of the French company. Ashley wants to reposition his fashion empire towards ‘premium third-party brands’.
It estimates its yearly sales to be around £270million while pre-tax profit should be ‘no less’ than £85million, including licensing royalties worth £16million.
Pascal Soriot believes that his scientists – together with those of Oxford University – are well on the way to producing the first proven vaccine against SARS-CoV-2, the virus behind the pandemic.
The only good option available to most retail investors once a sell-off has hit is to ride it out. Stock markets always recover, the only question is how long it will take.
Centrica yesterday said it would slash 5,000 roles as chemicals firm Johnson Matthey said it would shed another 2,500 staff and Bombardier Aerospace said 600 jobs would go in Northern Ireland.
Openreach, the division of BT that looks after cables and wires, has built out the network across the entire historic cathedral city in Wiltshire in just under a year.
If both companies’ investors give their approval, the resulting behemoth will have more than 70m users ordering takeaway curries, pizzas and the like in 25 countries.