City insiders had been expecting the bank to post a loss closer to £30million rather than over £600million and a year ago the group unveiled a £2.9billion profit.
Daily Mail Business Articles
UK’s June car production down by HALF with 11k jobs lost
Production is down 43% in the first six months of the year, with the coronavirus lockdown still restricting some motor factories from reopening. The UK is now on course for the lowest car output since 1957.
Coronavirus hits lenders at heart of UK banking system
Barclays has earmarked £3.7billion so far this year to cover the cost of loans to households and businesses turning sour. And Santander wrote down the value of its UK arm by £5.4billion.
Investors in Neil Woodford fund to get third payment next month
Link Fund Solutions, which manages the collapsed fund, said it was holding £58m in cash and would shortly receive part of the £224m sale of a portfolio of assets to Acacia.
Aldi set to create 1,200 jobs in new UK stores this year
The German discount supermarket business plans to open an average of one shop a week between now and Christmas.
Aston Martin suffers losses as car sales nosedive
The company sold 1,770 cars in the first six months of 2020, when dealers were closed for months because of the coronavirus pandemic and potential buyers were keen to rein in spending.
Coronavirus UK: London deserted as workers stay at home
More than 10m Britons, around a third of the workforce, will work from home after the pandemic, according to estimates from forecasters at the Centre for Economic and Business Research.
GlaxoSmithKline vaccine sales fall as patients stay at home
Lockdown made patients less likely to visit the doctor and get a jab for diseases such as shingles, hepatitis and meningitis, sending vaccine sales 29 per cent lower in the second quarter.
MARKET REPORT: Shares in Hastings soar
Finland’s Sampo and South Africa’s Rand Merchant Investment – Hastings’ biggest investor – are in talks to make a cash offer for the group.
ALEX BRUMMER: Worst not over for bank share investors
Banks cannot divorce themselves from the daily toll of administrations, recapitalisations, insolvencies and credit card defaults. Loan losses in the first half of 2020 for Barclays were £3.7bn.