Fuller’s boss urges Chancellor to cut VAT

Fuller’s boss has urged the Chancellor to cut VAT to prevent thousands of job losses across the hospitality industry.  As Britain’s pubs finally begin to reopen today, Simon Emeny said cutting the levy on goods and services is vital to entice punters back to their pubs and avoid wholesale redundancies. …

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Are shares in shopping centres a bargain or damaged goods?

For millions, the ideal shopping centre is no longer what it was. Now more functional than aspirational, it has a Primark, a Poundland, a B&M, plenty of free parking, plus a massive supermarket.  The pandemic has accelerated the preference among both the cash-strapped and the affluent for this unpretentious type …

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Rolls-Royce investors wait for trading update

Rolls-Royce investors will be itching for more detail about the extent of the damage from the pandemic when it releases a trading update for the first quarter next Thursday.  The engine maker has already warned it will need to cut 9,000 jobs and undertake another restructuring to ride out the …

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Return furlough cash: Pay it back if you can, firms urged

Cash-rich companies that bounce back quickly from the coronavirus crisis have been urged to join the ‘national effort’ to rebuild Britain by returning furlough money to taxpayers.  With Boris Johnson promising a building blitz to stave off a severe recession, two of the UK’s most influential business lobby groups, and …

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HSBC is ramping up its operations in China

HSBC is ramping up its operations in China – just weeks after supporting a controversial law the Beijing regime has imposed on Hong Kong.  The bank, which has been condemned by British politicians for its position on Hong Kong, is making investments in its wealth management and insurance operations in …

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Britain buys space firm Oneweb in £800m deal

Britain has bought space firm Oneweb at auction in an £800million deal that will boost efforts to create a home-grown sat nav system, and help deliver super-fast broadband.  The Government was supported by India’s Bharti Global in the bid, with the two parties pledging to launch hundreds of low-orbit satellites …

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MARKET REPORT: Rolls-Royce shares down nearly 10%

Shares in Rolls Royce tumbled by nearly 10 per cent yesterday as it emerged the company is looking for ways to bolster its battered finances.  The ailing British engineering group is considering a £1.5-2billion shares sale, as well as flogging assets such as Spanish subsidiary ITP Aero to raise cash, …

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