Daily Mail Business Articles

Fashion giant New Look is poised to trigger a massive restructuring in an attempt to reboot the chain’s finances and tear up leases weighing the business down.

The Bank of England says on Thursday that this will be the deepest dip in the economy for a hundred years. Then on Friday, the Halifax reports that house prices hit an all-time record in July.

HM Revenue & Customs is investigating the American firm’s UK business for 2018 when its main subsidiary here received a £52,000 tax credit, following a £180,000 tax credit the year before.

SenseTime, worth nearly £6billion, is the world’s most valuable artificial intelligence start-up. Its technology is used in facial recognition and driverless cars.

Evidence has been filed in the High Court on behalf of Bilal Khalifeh, a British resident with Lebanese nationality, demanding that the $1.5million he has in Blom Bank of Beirut be transferred to the UK.

UK Power Networks, which operates the cables and lines that connect the National Grid to millions of homes, paid out £237million to three separate companies, all of which are linked to Li.

Key figures due on Tuesday are expected to show employment levels heading for depths unseen since the 1980s.

Last week, the Microsoft founder ploughed more of his fortune into London-listed Signature Aviation , which offers refuelling and other services for private air travel.

Qoot said it had been inundated by applications from hospitality employees recently made redundant as it plans to open three new London sites.

In a sign of the brutal cuts workers were facing at Britain’s flag carrier, more than 6,000 employees applied for voluntary redundancy with 4,000 more due to be told that they were laid off.