losses

James Reed warns of job losses ‘tsunami’ on ‘day of reckoning’ when furlough ends

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Boss of Britain’s biggest recruiter James Reed warns of job losses ‘tsunami’ on ‘day of reckoning’ when furlough ends Government revealed it was paying 6.3m workers’ wages at the start of May There were warnings it faced an £8bn bill as a result of the furlough scheme The scheme will run out at the end … Read more

Sophie Wessex ‘incredibly saddened’ as children’s hospice closes site due to £2m coronavirus losses

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Sophie Wessex is said to be ‘incredibly saddened’ by the closure of a children’s hospice facility after the coronavirus pandemic saw them lose £2million in funding. The Countess, 55, is patron of Shooting Star Children’s Hospices, a charity which cares for babies, children and young people with life-limiting conditions, and their families. The organisation, which … Read more

Uber losses hit £2.3bn but food delivery service is a ‘silver lining’

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Uber feels a £2.3bn pandemic pain but its food delivery service becomes the ‘silver lining’ By Daily Mail City & Finance Reporter Published: 21:50 BST, 8 May 2020 | Updated: 09:14 BST, 9 May 2020 Uber’s losses ballooned to £2.3billion between January and March as coronavirus travel restrictions hammered its taxi business. This was far … Read more

London Zoo may have to shut down: Bosses facing £2.3m a month losses in the coronavirus crisis

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London Zoo may have to shut down: Bosses facing losses of £2.3m a month in the coronavirus crisis The zoo has furloughed 280 staff and needs a £25m cash injection to stay afloat It faces the worst crisis since it opened in 1847 as its reserves are running out  This could put its world-renowned collection … Read more

Barclays sets aside £2.1billion to cover spike in loan losses

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Barclays sets aside £2.1billion to cover spike in loan losses due to coronavirus fallout and reports first quarter profits of £932m – down from £1.5bn last year By Henry Martin For Mailonline Published: 07:06 BST, 29 April 2020 | Updated: 08:04 BST, 29 April 2020 Barclays set aside 2.1 billion pounds to cover a likely … Read more

Premier League clubs facing losses of up to £177m in season ticket and corporate hospitality sales

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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

Premier League clubs poised to agree financial masterplan as they try to avoid huge losses

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At a meeting of Premier League Shareholders today, clubs discussed in detail how to respond to the COVID-19 global pandemic. First and foremost, it was reaffirmed that the overriding priority is to aid the health and wellbeing of the nation and our communities, including players, coaches, managers, club staff and supporters. It was acknowledged that … Read more

Halt overdraft charges now! Thousands of families facing job losses

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Money Mail today calls on the big banks to put off overdraft charge hikes and waive fees as the nation battles deadly coronavirus.  High-Street banks are poised to increase interest rates to as much as 50 per cent, which means many struggling households will have to pay more to borrow.  This is despite the fact … Read more

Stock market losses hit £793bn as Fed pledges unlimited emergency cash

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Stock market losses reach £793bn as US Federal Reserve pledges unlimited emergency cash By Lucy White For The Daily Mail Published: 21:50 GMT, 23 March 2020 | Updated: 22:08 GMT, 23 March 2020 More than £60billion was wiped off the stock market yesterday – taking total losses since the coronavirus pandemic hit to £793billion.  On … Read more