Covid will change University life, predicts Pearson boss

John Fallon should by now be stepping down as chief executive of Pearson. His plans to leave the education publishing business after seven tough years at the top have been delayed because the coronavirus crisis has made it harder to recruit a successor. That leaves him holding the fort to …

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MARKET REPORT: DS Smith is boxed in by investors over dividend

Britain’s biggest box maker DS Smith struck the wrong note with investors after it chose to withhold its dividend. The packaging maker cancelled its final payout to shareholders despite the rise in online shopping that boosted business during lockdown. Profits at the group – whose customers include Amazon – rose …

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Banks will soon start charging nearly 40% for overdrafts again

The city regulator today effectively gave the green light to banks to reintroduce overdraft rates of nearly 40 per cent within weeks, despite the coronavirus pandemic potentially leaving millions struggling financially. The Financial Conduct Authority announced it would not launch an investigation into overdraft changes announced by banks, nor would …

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Cut stamp duty for downsizers, property bosses urge

Top housing and pension bosses have written to the Chancellor calling for a new Help to Downsize scheme to boost a property market recovery and put pensioners in safer, more suitable homes.  In a letter addressed to Rishi Sunak, leaders from across the housing and retirement industries have pleaded for …

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