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Clarks shoes criticised for £13m payout to founding family before more than 1,000 job losses Family shareholders were paid £13.4m of dividends over two years This was as the company racked up losses of £114.2m and made job losses Unions representing Clarks’ shop workers lashed out at the payments By Tom Witherow For The Daily … Read more
Speaker Nancy Pelosi referred to Joe Biden as president-elect on Friday before the presidential race was formally called for the Democratic candidate. ‘This morning it is clear that the Biden-Harris ticket will win the White House,’ she said of Biden and his running mate Kamala Harris. Biden took the lead in Pennsylvania and Georgia – two … Read more
Businesses were today bracing for a punishing four weeks that will see them burn through billions during England’s second national lockdown. Thousands of bosses and staff of non-essential shops, pubs, restaurants and gyms are waking up to a familiar sense of uncertainty after being ordered to close until at least December 2. Ministers have been … Read more
Second lockdown will ‘crucify’ Britain’s travel industry and spark hundreds of thousands of job losses, furious business chiefs warn Association of British Travel Agents said industry will enter ‘complete shutdown’ It is fear some carriers will be forced to ground their fleets and lay off staff Estimates found that 80% of independent agents will run … Read more
As Chancellor Rishi Sunak’s furlough scheme ends, Britain braces for new tsunami of job losses By Matt Oliver For The Daily Mail Published: 22:07 GMT, 30 October 2020 | Updated: 22:18 GMT, 30 October 2020 Major companies have culled nearly 200,000 British jobs already as they struggle with the devastating impact of the coronavirus pandemic, … Read more
Gino D’Acampo’s restaurant chain is ‘bailed out by Iceland boss after posting losses of £3 million’ By Nick Ferris For Mailonline Published: 20:27 BST, 16 October 2020 | Updated: 20:55 BST, 16 October 2020 TV Chef Gino D’Acampo’s restaurant chain has been bailed out by Iceland boss Sir Malcolm Walker after facing losses even before … Read more
Gino D’Acampo’s restaurant chain is ‘bailed out by Iceland boss after posting losses of £3 million’ By Nick Ferris For Mailonline Published: 20:27 BST, 16 October 2020 | Updated: 20:27 BST, 16 October 2020 TV Chef Gino D’Acampo’s restaurant chain has been bailed out by Iceland boss Sir Malcolm Walker after facing losses even before … Read more
A prominent businessman and owner of London’s iconic music venue, Electric Brixton, has warned the live events industry is on the brink of collapse. Music venues, theatres and events companies have been out of operation since the nationwide lockdown was implemented in March this year, with no sign of restarting. Though small, socially distanced events … Read more
Cineworld attempted to flog leftover Pick N Mix stock to staff before they learned about the chain’s plan to mothball its 127 UK theatres, an employee has claimed. The Cineworld employee says were offered to buy the excess sweets, which the cinema chain worried it would not sell between now and Thursday – when its … Read more
Watches of Switzerland’s shares surge as strong American demand for brands like Rolex and Tag Heuer offsets fall in international tourism Watches of Switzerland runs six showrooms at Heathrow and one at Gatwick The firm’s sales rose above £200m in the first 10 weeks of the second quarter It now expects to make between £888m … Read more