Daily Mail Business Articles

The grim milestone will be breached next month, according to projections from the Office for Budget Responsibility.

Investors went into panic mode as the scale of the Covid-19 pandemic became evident towards the end of February, wiping hundreds of billions of pounds off the FTSE All Share index.

Bahamas Petroleum zoomed 126 per cent to 3p after inking a deal that sets in stone the start of operations for an exploration project.

Umar Kamani founded Pretty Little Things in 2012 and it has rapidly grown to boast annual sales of more than £500m. Bohoo was founded by his father Mahmud and business partner Carol Kane.

Easyjet confirmed that it will restart flights across the UK and France in mid-June. But it is working on the assumption that the collapse in demand for air travel will not recover to 2019 levels until 2023.

One million companies in the UK have already applied for taxpayer support under the Government’s Job Retention Scheme to pay the wages of 8.4 million furloughed staff.

Glaxo is one of several racing to tackle Covid-19. Boss Emma Walmsley (pictured) has warned that a jab will still not be widely available until the second half of next year at the earliest.

The bank failed to send out text messages to warn customers who previously held youth accounts, and were heading into the red, that they would be charged for unarranged overdrafts.

The study’s author Barclaycard Payments said there were ‘early signs’ that the industry was beginning to display signs of improvement.

This is Money has learnt that the company plans to update its booking system to enable customers to book a seat with social distancing factored in.