The American jet maker racked up a £1.9billion loss between April and June. And revenue fell by 25 per cent to £9billion, far lower than the £10.5billion that Wall Street analysts had been expecting.
The engine-maker will offer stock at a reduced price to existing investors in September, according to reports. A bumper fundraising has been rumoured for some time.
A total of 1.17m firms have borrowed £49.43billion through schemes set up by Chancellor Rishi Sunak to help them survive the pandemic, latest figures show.
With a significant presence in China, it has found itself between a rock and a hard place over the past year in the escalating war of words between China and the US.
Bollore arrives at the car maker at a desperate time. The key to JLR’s success in modern times has been its focus on design. It now finds itself hamstrung by a lack of scale compared with competitors.
Sharesoc said the move would make UK private investors less likely to take part in the float, and give the towers firm access to a smaller pool of capital.
Reckitt, whose brands also include Cillit Bang, is one of the few large companies to benefit from Covid-19. It has the biggest portfolio of surface disinfectant brands, including Lysol, which is popular in the US.
Ministers are preparing to extend the controversial scheme aimed at getting young people on the property ladder beyond its December deadline, reports say.
The fast food chain reported a drop in global sales of 30 per cent to £2.9billion in the three months to the end of June, pushing net income down by 68 per cent to £373m.
The online fashion giant said it was ‘appalled’ by claims that workers packaging its clothes were paid as little as £3.50 per hour in Leicester. Boohoo launched an independent investigation.