Daily Mail Business Articles

Ofgem punished the provider for failing to publish information that is likely to have pushed up wholesale electricity costs.

The Eat Out to Help Out scheme has given the group a major boost, after it previously told investors it expected sales to reach just over half of last year’s in the worst-case scenario.

FTSE 100-listed Melrose suffered a £560million loss in the first half of the year, which is considerably more than the £131million loss seen at the same point a year ago.

Shares in the FTSE 250-listed group rose to a record after it said demand for its products and services was so high in July and August that its annual results will be even better than expected.

A new United Nations’ report shows that if the closure of air routes and tourism were to last eight months then the output loss to the world economy would be £1.65 trillion, or 2.8 per cent of the total.

David Thomas, chief exec of Barratt Developments, insisted the rally in the property market has further to run, claiming sales are bouncing back faster than expected after the lockdown was lifted.

Mackenzie Scott, who divorced Bezos last year, is now worth £50.4bn. That makes her worth more than L’Oreal heiress Francoise Bettencourt Meyers, whose fortune totals £49.6bn.

The Edinburgh-based investment management firm has cashed in a chunk of its shares in the electric car maker, generating estimated profits of around £13bn in just eight months.

Qatar Airways has struck a deal with plane maker Airbus to delay the delivery of new aircraft, after the coronavirus pandemic triggered a slump in global air travel that is expected to last for several years.

At a remote court hearing on Wednesday, Mr Justice Snowden sanctioned the restructuring plan – a key step of the process for Virgin Atlantic to implement the rescue package.