Daily Archives: September 12, 2020

Apprentice star Linda Plant made millions after humble beginning

Hard work: Linda Plant left school at 15 to work full-time in a market Businesswoman Linda Plant doesn’t bother to invest in a pension and only has limited investments in the stock market, preferring to put her money in property and her own ventures.  The multi-millionaire famous for grilling candidates …

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Crisis-torn Lebanese banks suffer High Court setback

A first-round victory in London’s High Court may open the floodgates to billions of dollars’ worth of claims against Lebanon’s crisis-torn banking system.  Lawyers acting for Bilal Khalifeh, a UK resident with Lebanese nationality, persuaded the court that it has jurisdiction over Blom Bank of Beirut.  Blom is one of …

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Skoot launches car share app with lifts from 57p

A British start-up that lets car owners charge their passengers for rides is helping the drive to get commuters back to work.  Skoot – launched by entrepreneur Greg Gormley this month – connects drivers with friends, family and workmates needing a lift.  Each car journey costs 57p per mile including …

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Royal Mail sends short-sellers packing as shares surge

Hedge funds have been caught out by Royal Mail’s share price rally after the company surprised the market with its performance during the pandemic.  Short-sellers were forced to slash bets against the company’s share price after the postal service revealed robust parcel deliveries. The shares have also been buoyed by …

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Ocado sales could top £2bn after M&S tie-up

Ocado sales could exceed £2billion for the first time this year after customers flocked to order food from its new partner Marks & Spencer.  Credit Suisse forecasts that the grocery delivery giant has increased sales by two thirds in the past three months to reach more than £600million.  It said this …

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Ryanair braced for pay rebellion over chief’s bonus

Ryanair is braced for a pay rebellion this week over a €458,000 (£424,000) bonus for chief executive Michael O’Leary.  Shareholder advisory group ISS said it was ‘difficult to justify’ the payout because Ryanair has used taxpayers’ money to furlough staff and has accessed a £600million loan from the Bank of …

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Asda swoop could deepen supermarket price war

A multi-billion swoop for Asda could deepen a price war between Britain’s supermarkets this Christmas, sources have revealed.  The frontrunners to take control of Asda are buyout giants Lone Star and Apollo Global Management, which have both submitted bids thought to be around £6.5billion to buy a majority stake in …

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Couple’s bike hire firm for kids gears up with £6m

A couple who started a bike hire service from their London flat four years ago have drawn up plans to grow their business tenfold.  Bike Club, which provides children’s bikes, charges customers a monthly subscription starting at £5 for a lightweight bike worth more than £300, and has 15,000 for …

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