Breaking news
Airbus racked up £2.5bn loss in first nine months of year as it was battered by effects of coronavirus crisis By Daily Mail City & Finance Reporter Published: 22:27 GMT, 29 October 2020 | Updated: 22:44 GMT, 29 October 2020 Airbus racked up a £2.5billion loss in the first nine months of the year as … Read more
Ryanair fliers pay £2.5bn in add-ons: Extra charges for priority boarding, checked-in bags and seat reservations now account for 35% of the airline’s total revenue Ryanair raked in £2.5billion last year due to add-on charges, analysis reveals Airline’s haul from extra costs was 18 per cent more than the previous year Shows Ireland-based carrier makes … Read more
Rolls-Royce shares slide as the engine maker says it’s looking at raising up to £2.5bn in fresh funding following restructure Rolls-Royce says it’s considering a rights issue or other fundraiser Reports say the company will consider investments from sovereign wealth funds Last month the engineering giant reported a £5.4bn half-year loss In May the … Read more
Rolls-Royce set to tap investors for £2.5bn as shares near 16-year low By Ben Harrington, Financial Mail on Sunday Published: 21:53 BST, 19 September 2020 | Updated: 21:53 BST, 19 September 2020 Rolls-Royce is on the cusp of launching an emergency fundraising to tap shareholders for between £2billion and £2.5billion. City sources said the FTSE100-listed … Read more
BA owner hit by row over departing boss Willie Walsh’s bonus as investors back £2.5bn IAG fundraising By Francesca Washtell For The Daily Mail Published: 22:39 BST, 8 September 2020 | Updated: 23:02 BST, 8 September 2020 The owner of British Airways faced a shareholder revolt over boardroom pay as it secured a £2.5billion lifeline … Read more
Treasury loses more than £2.5billion in fuel duty payments due to dramatic drop in car use during lockdown By Daily Mail City & Finance Reporter Published: 21:51 BST, 19 June 2020 | Updated: 21:51 BST, 19 June 2020 The Treasury has lost £2.5bn in fuel duty under lockdown The lockdown has cost the Treasury more … Read more
You could almost hear the sigh of relief across the City at the end of last year when Boris Johnson swept to victory in the General Election. The threat of a Jeremy Corbyn-led Labour government nationalising vast swathes of British industry had been rejected – and bosses felt they could once again get on with … Read more
Britain could be poised to launch its first ever sovereign wealth fund under plans being examined by the Government, The Mail on Sunday can reveal. Officials are understood to be ‘actively considering’ a £25billion taxpayer-backed fund to reboot struggling regional firms in the wake of the coronavirus crisis. Under the plan, the Government would buy … Read more
Universities could face a £2.5 billion funding ‘black hole’ amid predictions that 121,000 fewer students from abroad will enter higher education during the coronavirus pandemic, a report has warned. Tens of thousands of jobs risk being lost if the Government fails to take urgent action to mitigate the impact of the crisis, according to research … Read more
As crunch time approaches for Sirius Minerals, the fertiliser company boring a massive tunnel underneath the North York Moors, investors have been eagerly snapping up its shares. Sirius is trying to thrash out a financing agreement worth more than £2.5billion with an unnamed major financial institution, which should secure the construction of its Yorkshire polyhalite … Read more