Fashion chain Quiz keeping 15 stores permanently closed after lockdown hammered its sales and demand for party dresses dries upRetailer’s sales fell by 77% to £13m in the five months to 31 AugustSector has been hit hard by enforced closures and pre-existing problems By Jane Denton For Thisismoney Published: 04:46 EDT, 9 September 2020 | Updated: 04:48 EDT, 9 September 2020
The electric car maker’s stock dipped below $336 from $500 a few days ago. US tech giants including Amazon, Apple, Facebook, Zoom and Google owner Alphabet were also hit.
Fury as Amazon admits paying just £73million more in taxes in Britain last year… despite racking up £3bn in extra salesAmazon paid £293million in ‘direct taxes’ last year despite an increase in sales Online retailer racked up almost £3billion in extra sales even before covid-19 Amazon has published details of its finances in an effort to be more transparent after being criticised for years for not paying its fair shareBy James Salmon Associate City Editor For The Daily Mail Published: 18:02 EDT, 8 September 2020 | Updated: 18:07 EDT, 8 September 2020
Richard Morris, the former managing director of G4S Care and Justice Services, and two ex-directors of its electronic monitoring business, Mark Preston and James Jardine, face seven fraud charges.
Revenues at Fever-Tree, led by chief executive Tim Warrilow (pictured), fell by 11 per cent to £104.2m but it raised its interim dividend by 4 per cent to 5.41p a share. Shares rose 1.3 per cent.
JD Sports is continuing its battle with landlords, despite its half-year sales barely being touched by the pandemic. Revenues dipped just 6.5 per cent in the six months to August 1.
More than 20 per cent of IAG investors who voted rejected its remuneration report, which included an £883,000 bonus for departing boss Willie Walsh, taking his pay for 2019 to £3.2m.
BA owner IAG’s new chief executive Luis Gallego, who takes over the pilot’s seat from Willie Walsh in the wake of an investor revolt, has a weighty journey ahead.
Chairman Keith Williams is spearheading a battle to turn around the 500 year old postal service after the coronavirus crisis accelerated the shift away from letters to parcels.
The Institute of Directors wants Chancellor Rishi Sunak to stop the jobs crisis from escalating after it emerged that UK companies planned to lay off more than 300,000 staff in June and July.