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Britain’s biggest steelmaker Tata Steel seeks taxpayer bailout of £500m – 10 times the amount available under government support scheme Tata Steel is in need of £500m funding package due to coronavirus impact Company has approached UK and Welsh Governments for financial support Local MP Stephen Kinnock asked Treasury to lift cap on business loans Tata Steel … Read more
Port Talbot steelworks’ owner Tata Steel seeks £500m loan from UK Government Talks are at an early stage and no agreement is likely to be announced soon Tata Steel’s large customers, such as car makers, have stopped production The manufacturer has also been hit by a rise in raw material costs By Ben Harrington For … Read more
AIM-listed companies raise £500million in less than a month to cope with coronavirus crisis The coronavirus crisis has brought more money to AIM as companies turn to investors for support. From the market low on 18 March to the start of the Easter weekend on 9 April, junior market-listed firms announced over £500million of funding. … Read more
To all the Virgin family, For 50 years I have been humbled by the incredible pride our people take in working for Virgin. It is the people across all our businesses, and the hundreds of thousands of people who have worked with us over the years, that make this company so special. They tell their … Read more
China has warned it has ‘serious concerns’ after Donald Trump suspended all US funding to the World Health Organization for what he called ‘its role in severely mismanaging the spread of coronavirus’. Zhao Lijian, a spokesman for Beijing’s foreign ministry, said the global battle against the pandemic is at a ‘critical moment’ and that suspending … Read more
Sainsbury’s shares rise as it reveals £500m saving from government stimulus package giving retailers a 100% business rates holiday Sainsbury’s customers can now buy no more than three of a grocery product Tesco’s 24-hour stores will no longer be open all day so that they are restocked EU drivers’ hours rules have been relaxed so … Read more
Hargreaves back in market – after £500m share sale By Helen Cahill, Financial Mail On Sunday Published: 23:46 GMT, 14 March 2020 | Updated: 23:46 GMT, 14 March 2020 Billionaire Brexiteer Peter Hargreaves has invested hundreds of millions back into the stock market – just weeks after cashing in £550million of shares while prices were … Read more
Boris Johnson’s refusal to back Heathrow’s third runway threatens to leave the taxpayer on the hook in a £500million court case, The Mail on Sunday can reveal. In a move that dismayed businesses last week, the Prime Minister decided not to appeal when the Government’s official policy of expanding Heathrow was rejected on environmental grounds … Read more
Pension savers are being overtaxed at record levels when they dip into their retirement pots. More than 200,000 over-55s have clawed back nearly £500 million since pension freedoms were introduced in 2015. But the taxman is pocketing on average £2,355 too much when retirees make their first withdrawal. This is because HM Revenue & Customs … Read more