The Washington-based watchdog warned that a second wave of infections could trigger another share price rout by adding ‘financial stress on top of an already unprecedented economic recession’.
Mitie agreed to pay £271m to take over its rival’s facilities management arm, creating a business with almost 88,000 staff. Combining resources would save the firms millions of pounds a year.
Non-Standard Finance, which owns the Everyday Loans, Loans at Home, George Banco and Trust Two brands, said there was ‘material uncertainty’ surrounding its ability to keep operating.
The former England football captain is taking a ‘significant minority stake’ in the start-up, which is building a talent academy for esports players. The industry is worth more than £800m.
Last week auditor EY refused to sign off Wirecard’s 2019 accounts, forcing out chief exec Markus Braun (pictured) and leading the firm to admit £1.7bn of its cash probably did not exist.
When it comes to bailing out firms affected by Covid-19, Rishi Sunak is no pushover. There was reluctance in Whitehall to come to the rescue of Virgin Atlantic because there were other routes.
The Covid- 19 crisis has produced a loss of life greater than the Blitz and a scale of state intervention in the UK’s freewheeling economy totally out of keeping with modern Anglo -Saxon capitalism.
The 504-year-old postal service has come under fire for being too reliant on the shrinking letters market, and failing to invest heavily enough in the growing parcels business.
The 2020 World Expo – which traces its roots back to London’s Great Exhibition in 1851 – is due to be held in Dubai in October 2021 after it was postponed due to the virus crisis.
The FCA proposes tightening up rules on assessing value for money, including laying down standardised tests on charges and costs, investment performance and quality of service.
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