Investors seeking a haven from stock market turmoil caused by the coronavirus pandemic have piled into the precious metal this year. It has now rallied by 35 per cent since the start of 2020.
Daily Mail Business Articles
Mass working from home and furlough must not last forever
Statistics on the economy are, to most people, just a remote and abstract jumble of numbers – right until the moment they are the one to have lost their job. It happened to my father in the 1980s.
Boohoo probe to quiz staff about sweatshop working conditions
Alison Levitt QC, the barrister leading an independent review into allegations of modern slavery which have rocked the fast fashion brand, has issued a public call for evidence.
Insurance tycoon Neil Utley set for £70m windfall from Hastings sale
Finnish financial conglomerate Sampo and South African investment firm Rand Merchant Investment Holdings have launched a £1.7bn bid for the motor insurer, which has the board’s approval.
Rapture for Blondie as music investor Hipgnosis snaps up 197 songs
Hipgnosis said Blondie co-founders Debbie Harry (pictured) and Chris Stein had sold the rights to the royalties of 197 songs such as Call Me, Heart of Glass and Rapture.
High Street is hammered: WH Smith cuts 1,500 jobs as workers stay home
Bosses cited the impact of coronavirus on passenger numbers at stations and airports and fewer shoppers on UK high streets as they cut headcount to slash costs.
MARKET REPORT: Race for space boosts warehouse giant Segro
The property firm has come into its own as parcel delivery groups and traditional retailers have been, as chief exec David Sleath put it, ‘scrambling for space’ as they adapt to the Covid-19 world.
Pensions giant Legal and General to pay dividend despite profits slump
The investment firm, which manages £1.2trillion of savers’ and pensioners’ cash, is still handing out a dividend of 4.93p per share which is flat on the same time last year.
William Hill hands back furlough millions after ‘robust recovery’
Just a day after Treasury figures showed the cost of the scheme had spiralled to nearly £34bn, the gambling giant said it would repay £24.5m it had received. Shares surged 8.9 per cent.
Small firms face higher fees to sell on Amazon
The internet shopping giant, which made a £4bn profit in the second quarter alone, will raise fees by 2 per cent from September 1. It said the decision was prompted by the UK’s 2 per cent digital sales tax.