Internet shopping giant Amazon, which raked in sales of £750m per day in the second quarter, told firms selling goods on its marketplace that it will hike fees in response to the UK digital services tax.
The shares of these behemoths now account for 31 per cent of the £25trillion market value of America’s 1,000 biggest quoted firms. On a micro-scale, this phenomenon also is evident in Europe.
Last year Mike Ashley’s Frasers Group shocked the City when it delayed its accounts by a week before a fraught results day, which led critics to call it ‘an embarrassment to UK corporate governance’.
The company saw its total losses climb from €27million in the first half of 2019 to €158million in the respective period this year even though it received 60 million more takeout orders.
James Gilham, his partner and one-year-old daughter have been unable to move to their dream home because they cannot get documents to show that the flat they were selling is not a fire risk.
Lloyds Bank boss Antonio Horta-Osorio, pictured with his wife Ana, has admitted he knew of an alleged fraud in the HBOS Bristol branch which may have affected hundreds of small business customers.
Trading for IHG was pretty rough during the first six months of this year, with revenues diving by 45 per cent to £960m and the FTSE 100-listed group swinging from a £290m profit to a £210m loss.
The engineer discovered the problems with a small number of its Trent XWB-84s, which power the Airbus A350 planes (pictured), during routine inspections carried out last month.
The department store, which traces its history back to a 1778 London drapers store, has taken drastic action to survive after going into administration in April.
P&O Cruises, the UK’s largest cruise line, said it would have to scrap any trips until mid-November because the Foreign and Commonwealth Office is still advising people to avoid cruise holidays.