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Business lending by banks to reach 13-year high

Business lending by banks is expected to reach a 13-year high in 2020, according to research.  Because of the strain put on company finances by the pandemic, the EY Item Club said business lending was set to grow by 14.4 per cent this year.  On the rise: Because of the …

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RUTH SUNDERLAND: Working from home warriors must wise up

Covid-19 has spawned a plethora of new opposing tribes, but one of the deepest divides is between the work-from-home evangelists and those who can’t wait to get back to the office.  The laptop in the attic is so ubiquitous it has acquired its own acronym: WFH, or working from home.  …

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MIDAS SHARE TIPS: The Dogs of the Footsie 2020

Companies do not cut their dividends on a whim. Investors buy shares in these firms for a reason and bosses know that they will almost certainly be punished if payouts are suddenly reined in or cancelled altogether. But, in the past six months, half of the FTSE 100 index of …

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Bank of England says unemployment could hit 7.4 per cent this year

The Bank of England today warned that parts of the economy might never recover from coronavirus – with unemployment set to rise by a million within months. Governor Andrew Bailey said the crisis would bring ‘structural’ change and some sectors were unlikely to be ‘viable’ as the deadly disease overhauls everyday …

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Boohoo probe to quiz staff about sweatshop  working conditions

Factory staff supplying tainted online fashion giant Boohoo have been urged to talk about working conditions in Leicester. Alison Levitt QC, the barrister leading an independent review into allegations of modern slavery which have rocked the fast fashion brand, has issued a public call for evidence. She wants to know …

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BUSINESS LIVE: William Hill closing 119 betting shops

The FTSE 100 closed up 1.14 per cent or 68.72 points at 6,104.72 and the pound was at $1.31 against the dollar. The UK’s service sector expanded at its fastest rate for five years in July as the easing of lockdown restrictions helped to drive a rebound in activity. The …

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