The electric car maker’s value yesterday rose by more than 4 per cent to £167.5bn. That made it more valuable than its much bigger Japanese rival, which was worth £163.6bn.
Some 3,150 out of 10,000 Virgin staff face the chop as the airline industry struggles amid widespread flight cancellations and question marks about how long it will take travel to return to pre-Covid levels.
As Ryanair resumed flights, boss Michael O’Leary said lower fares would be funded by cutting pay for its 18,000 staff. He said up to 3,000 will be laid off if they do not accept temporary cuts.
A closely-watched index of activity in UK factories – where scores below 50 show decline and above 50 show growth – jumped from 40.7 in May to 50.1 in June having fallen to an all-time low of 32.6 in April.
Upper Crust-owner SSP warned investors it could axe up to 5,000 jobs from its head office and UK outlets as commuters stay home, socialising remains limited and holidays are cancelled.
Each day the country wakes to a long list of companies shedding staff. John Lewis and Harrods are among the latest. SSP Group, owner of Upper Crust, is shedding 5,000 people.
The city regulator today effectively gave the green light to banks to reintroduce overdraft rates of nearly 40%, despite the coronavirus pandemic expected to leave millions struggling.
The redesigned Bentayga drew ‘inspiration’ from the third generation Continental GT and the new Flying Spur to maintain a Bentley family feel.
The recall is the Swedish brand’s biggest ever, and applies to passengers cars built between 2006 and 2018. Affected models include the S60, V60, XC60, V70, XC70 and S80.
A saver from the North East struck lockdown gold in this month’s Premium Bond draw, winning the £1m jackpot with a Bond bought in May, as figures reveal billions have been poured in recently.
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