Breaking news
2020 OLYMPIC GAMES The 2020 Olympic Games has been postponed until 2021 on March 24 – becoming one of the last major sporting events this summer to fall victim to the coronavirus. Japanese prime minister Shinzo Abe held a crucial conference call with Olympics chief Thomas Bach on Tuesday to formally decide a plan and … Read more
The coronavirus market panic sparked a colossal sell-off of corporate bonds last month. As well as selling shares en-masse, investors dumped company debt in terror of mass bankruptcies in the now inevitable recession – or what some worry might even be a second Great Depression. But the fear seizing corporate bond markets has started to … Read more
Premier League clubs are facing combined losses of up to £177million in season ticket and corporate hospitality sales due to the coronavirus crisis. Analysis undertaken by Sportsmail reveals that the 20 top-flight clubs were projecting income of around £708m from match-day revenue this season, with almost a quarter of that set to be lost as a … Read more
Coronavirus set to claim a series of corporate victims as Brighthouse and Carluccio’s near collapse By Daily Mail City & Finance Reporter Published: 21:52 BST, 29 March 2020 | Updated: 22:16 BST, 29 March 2020 The coronavirus is set to claim a series of corporate victims this week as Brighthouse and Carluccio’s near collapse. Rent-to-own … Read more
RUTH SUNDERLAND: Coronavirus raises the potentially explosive problem of dodgy corporate debt By Ruth Sunderland for the Daily Mail Published: 22:00 GMT, 15 March 2020 | Updated: 22:00 GMT, 15 March 2020 Charting the right economic course through the coronavirus is almost as difficult as calibrating the right medical response. The two, of course, are … Read more
The £15trillion corporate debt time bomb: Global economy at risk as virus spreads By Matt Oliver For The Daily Mail Published: 22:51 GMT, 10 March 2020 | Updated: 22:51 GMT, 10 March 2020 As the coronavirus sweeps the world, there are growing fears we are headed for a global recession. Some economists say a downturn … Read more
Corporate raider Melrose has cut nearly 900 jobs at engineer GKN since its controversial takeover Staff numbers fell by 861 to 48,068 under Melrose in 2018 Biggest decline was at its Driveline division, which makes driveshafts for cars It was recently revealed Melrose was shutting a GKN factory near Birmingham By Jamie Nimmo, Financial Mail … Read more