Daily Mail Business Articles

On a day that saw the FTSE 100 index hit a four-week high, sources close to the German government said the country’s borders may begin to reopen for travel from mid-June.

Vauxhall reopened in Luton, which makes the Vivaro van, just over a week ago. But its Ellesmere Port site, which makes the Astra family hatchback, remains out of action.

Andy Palmer was once credited with leading the car maker’s recovery after taking the wheel in 2014, however his stewardship since it floated in 2018 has proved far more controversial.

The luxury car-maker has named Tobias Moers, who runs Mercedes-Benz’s AMG performance arm, as his replacement. Shares in Aston Martin shot up almost 40 per cent in early trading.

The engineering group has written to some 700 aerospace suppliers asking for the concession, even as it reduces the size of its orders. Just days ago Rolls announced it was slashing 9,000 jobs.

Around 30 suppliers to the Edinburgh Woollen Mill group, which also includes Peacocks and Jaeger, have accused tycoon Philip Day (pictured) of taking ‘undue advantage of the Covid-19 situation’.

The drugs group has teamed up with scientists from Oxford University, who are developing the potential shot, and on Thursday last week it was handed a £1bn boost from the US government.

Steve Rowe had defied calls to give up his full £810,000 salary plus bonuses, which paid out a total of £1.6m last year. But M&S said he would not take annual bonuses for 2019/20 or 2020/21.

The Government would buy shares in key private firms outside London – and could bring in private investors – to support those with the potential to gain international success after the crisis.

Fuller’s boss Simon Emeny and fellow chief executives have been calling for the Government to relax social distancing rules in pubs to one metre.