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Astrazeneca to take out £13bn bridging loan to finance blockbuster takeover of US giant Alexion Pharmaceuticals By Daily Mail City & Finance Reporter Published: 21:51 GMT, 13 December 2020 | Updated: 21:53 GMT, 13 December 2020 Astrazeneca will take out a £13billion bridging loan to finance its blockbuster takeover of US giant Alexion Pharmaceuticals. The … Read more
A £50m ‘provocation’: Sports Direct chief Mike Ashley is accused of playing games over extraordinary loan offer to rescue Philip Green’s Arcadia Sir Philip’s Arcadia Group expected to call in administrators tomorrow morning This is putting the future of up to 500 Arcadia shops and 13,000 jobs in jeopardy Sports Direct and House of Fraser owner … Read more
Sports Direct boss Mike Ashley has offered an emergency £50million loan to Sir Philip Green’s struggling Arcadia Group. The Arcadia Group – which includes TopShop, Dorothy Perkins and Miss Selfridge – is set to fold within a matter of days, putting around 15,000 jobs at risk. The imminent collapse is said to have come after Sir … Read more
Billions being lost in Covid business loans fraud: Taxpayer faces £40bn bill as cost of emergency schemes soars By Lucy White For The Daily Mail Published: 21:55 GMT, 25 November 2020 | Updated: 22:59 GMT, 25 November 2020 The taxpayer could be saddled with a £40billion bill as thousands of loans handed out under emergency … Read more
Billions being lost in Covid business loans fraud: Taxpayer faces £40bn bill as cost of emergency schemes soar By Lucy White For The Daily Mail Published: 21:55 GMT, 25 November 2020 | Updated: 21:55 GMT, 25 November 2020 The taxpayer could be saddled with a £40billion bill as thousands of loans handed out under emergency … Read more
‘Bounce back’ loan fraudster, 38, faces jail after trying to swindle £240,000 from support scheme meant for firms struggling to stay afloat during pandemic Timilehin ‘Yvette’ Olasemo made eight separate claims for £30,000 bank loans She made them on behalf of her employer Essex Cares Ltd who were oblivious Olasemo, 38, admitted conspiring to commit fraud at … Read more
Families who have struggled with money at some point in the past three years have seen their finances disproportionately hard hit as a result of coronavirus. Those who have a history of struggling to keep up with debt repayments are about 50 per cent more likely to have got further into debt as a result … Read more
The Business Minister yesterday pledged to ‘stamp out’ bounce back loan fraud after being grilled over the Mail’s expose of conmen exploiting it. Nadhim Zahawi was confronted on live radio after we revealed how scammers were cashing in on lax checks by helping arrange fraudulent loans worth tens of thousands of pounds. LBC presenter Nick … Read more
Banks block £1BILLION of fraudulent applications for government’s £40billion ‘bounce back’ coronavirus support scheme for businesses as ministers are warned that up to 60 per cent of loans may NEVER be paid back Almost 27,000 dubious applications to Bounce Back Loan Scheme were blocked It raises questions about how many fraudulent claims were able to … Read more
The EFL have rejected the Premier League’s £150million rescue package because they do not accept the conditions attached to what is primarily a loan. The offer of financial help, which was ordered by the Government to get football through the pandemic, is not a part of the Project Big Picture plan which has rocked the … Read more