Foreign bidders in £7bn swoop on RSA: Boss Stephen Hester eyes £16m windfall after joint approach from Canadian and Danish firms By Lucy White For The Daily Mail Published: 21:50 GMT, 5 November 2020 | Updated: 21:50 GMT, 5 November 2020 One of Britain’s oldest companies is set fall into foreign hands after a £7billion … Read more
Trainline ticket sales plunge more than 80% as pandemic travel restrictions clobbers demand for coach and train travel By Daily Mail City & Finance Reporter Published: 21:50 GMT, 5 November 2020 | Updated: 21:50 GMT, 5 November 2020 Trainline ticket sales have plunged more than 80 per cent due to lockdowns and travel restrictions Ticket sales … Read more
A raft of self-employed workers are still being denied help as a second lockdown arrives – more than seven months after the first coronavirus support measures were announced. This week’s announcement that the Self-Employment Income Support Scheme will be extended through to January has been welcomed, but all those who weren’t eligible before the extension … Read more
Bentley has today announced revolutionary plans to be a fully-electric car maker within a decade – putting its first battery-powered zero-emissions model on the road within just five years. The British luxury motor firm, renowned for its fast performance, grand touring and racing cars, will ditch big gas-guzzling and CO2 emitting petrol engines and by … Read more
Savers were spared the pain of negative interest rates by the Bank of England today, but it will ramp up quantitative easing by buying a further £150billion of UK government bonds. The Bank’s latest Monetary Policy Report said that it will pump another huge sum into the financial system through quantitative easing, to combat the … Read more
Virgin Media has rolled out its gigabit service to more areas across the UK today, including London and Northern Ireland. The hyper-fast broadband switch-on will serve nearly three million extra households, with speeds 17 times faster than the national average of 1,104Mbps. This means households will now be able to download 4K films near instantaneously … Read more
Supermarket giant Sainsbury’s is axing 3,500 jobs as it shuts all its deli, fish and meat counters and closes swathes of standalone Argos stores. The supermarket, which is the second biggest in the country behind Tesco, sank to a £137million loss in the six months to 19 September, which it blamed on closures and ‘market … Read more
BT faces prospect of workers striking across the country as it battles to overhaul its business model By This Is Money Published: 11:33 GMT, 5 November 2020 | Updated: 11:34 GMT, 5 November 2020 Telecoms giant BT is facing the threat of the first national strike in more than 20 years in a dispute over … Read more
Car registrations are on course to hit a 38-year low in 2020 as dealers in England are forced to bolt their doors to customers for the second time this year from today. Latest figures from the Society of Motor Manufacturers and Traders showed that new vehicle sales slipped by a mere 1.6 per cent in … Read more
Bank of England holds rates at 0.1% and reveals £150m in fresh QE; Markets on the rise still despite US election turmoil By This Is Money Published: 08:02 GMT, 5 November 2020 | Updated: 08:05 GMT, 5 November 2020 The Bank of England has unleashed another £150 billion of action to bolster the battered economy … Read more