The blue-chip index pulled further away from its coronavirus lows, rising 2.6 per cent to 6382.41. The Footsie has now gained 28 per cent since late March but remains down 15 per cent this year.
Owner The Restaurant Group last year announced it would close 150 outlets by 2025, but the pandemic has meant much of that plan has been condensed into six weeks.
The revelations come after Rowe told investors that the firm does not intend to pay £340m in dividends in the year to March 2021, after cancelling the £130m year-end dividend for 2019-20.
Britain’s flag carrier is facing a backlash from MPs, ministers and union leaders after claiming taxpayer subsidies to pay the wages of 23,000 staff, shortly before announcing 12,000 job cuts.
The meeting of the world’s self-styled elite in the Swiss ski town of Davos will go ahead in January despite the coronavirus pandemic, according to the summit’s organiser, the World Economic Forum.
The budget hotel chain, whose backers include Goldman Sachs, will use an insolvency procedure known as a company voluntary agreement to cut rents.
A year ago the Woodford Equity Income fund was frozen following a flood of withdrawal requests amid concerns about its performance. It left savers barred from accessing their money.
While it remains unclear how many restaurants and staff will be affected, the email is being sent to mangers in the company’s Leisure Division, which comprises over 200 Frankie & Benny’s sites.
Prices in May fell at the fastest rate since records began in 2006.The widespread discounting, at a time when shops would normally be selling at full price, has been dubbed ‘sale of the century’.
The official bootmaker to the Queen turned to shareholders, including Goldman-backed fund Pall Mall Legacy, which will now take majority control, to raise the cash.