Daily Mail Business Articles

As unions threatened a wave of crippling strikes at BA, parent company IAG was closing in on a deal to reduce the amount it will pay for Air Europa to between £450m and £550m.

As Barclays, Lloyds and Natwest prepare to update investors on their finances, the central bank will assess whether to extend a suspension on shareholder payouts.

The Prime subscription, at £7.99 per month, offers free one-day delivery on the wider Amazon website, and access to film, music and television streaming. Now it will include delivery slots from Amazon Fresh.

Selfridges today told staff it plans to cut 450 jobs – around 14% of its total headcount – as annual sales are set to be ‘significantly less’ than last year due to the pandemic.

Caterers like Alix Caiger (pictured, right) have lost as much as 85% of business due to the coronavirus putting the industry into ‘hibernation’, but don’t appear to have been supported.

The 62-year-old was appointed a non-executive director at the struggling company. She will sit on the nomination, remuneration and customer, culture and ethics committees.

Alexander Dennis Limited said it must go through a process of restructuring to cut costs – putting up to 650 jobs at risk.

Its rationale for doing so is that it has established a corporate headquarters for Vantage Towers in Düsseldorf, and a large part of the enterprise will be on the Continent.

The British drugs giant, which is racing to develop a vaccine for Covid-19, has agreed to hand £800m up front to Japan’s Daiichi Sankyo as it is develops a new type of chemotherapy.

Moody’s made the cut as the collapse in global air travel caused by the pandemic has hammered airlines, plane makers and other companies further down the supply chain.