Tag Archives: business-independent

Debenhams to cut 2,500 jobs after taking hit from coronavirus lockdown 

Struggling department store chain announces fresh round of redundancies and warns trading is ‘clearly a long way from returning to normal’

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Saudi Aramco profits plunge 73 per cent as coronavirus causes oil demand to plummet 

State oil company says it will puch ahead with $75bn in dividend payments this year despite historic fall in fuel demand

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Coronavirus: One in three UK companies expect to cut jobs by September, poll finds 

Wave of job cuts set to hit construction, manufacturing and IT – as Britain expected to enter recession this week

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UK quarantine rules: Which new countries have been added to the list? 

Belgium is a key international crossroads for travellers from the UK to the Netherlands, Germany and beyond

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UK recession will be less severe than feared but unemployment to surge, says Bank of England 

GDP to shrink 9.5 per cent this year – less severe than the 14 per cent which had been forecast – but Bank warns of surge in unemployment amid ‘unusually uncertain’ outlook

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Gym group DW Sports goes into administration, with 1,700 jobs at risk 

DW Sports, which operated 73 gyms and 75 stores in the UK, plans to close all of its retail sites for good and its website will cease trading immediately

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Eurozone enters deepest-ever recession as economy shrinks 12.1 per cent 

Spain and France both record precipitous slumps as coronavirus batters economies across the Continent

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Shell posts $18bn loss as coronavirus pandemic hammers demand for oil and gas 

Results come after fossil fuel company warned last month it would write off as much as $22bn from the value of its reserves

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Allowing asylum seekers to work could raise £100m in tax revenues, report finds 

If people seeking asylum had the right to work six months after making their initial claim it would lead to increased income tax and National Insurance as well as fewer support payments, research suggests

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Rail industry opens up to leisure passengers 

‘Our staff are working hard to quickly change signage and update announcements in 2,500 stations,’ said a spokesman for the Rail Delivery Group

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Family wealth of super-rich increases despite coronavirus 

More than 75 per cent of family offices report meeting or exceeding financial targets this year

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UK economy shrinks by one-fifth during lockdown 

GDP grew much slower than forecast in May as output remained 24.5 per cent below pre-pandemic levels

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Energy firms criticise plans to cut household bills by £20 a year while providing green electricity 

National Grid, SSE and Scottish Power attack proposal that will see them invest £25bn in renewables infrastructure but reduce returns to shareholders

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John Lewis to close eight stores, putting 1,300 jobs at risk 

In-store sales fail to rebound after coronavirus lockdown as shoppers switch to online purchases

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Boohoo launches independent review into supply chain after allegations of labour exploitation 

Fast fashion retailer commits £10m towards ‘eradicating malpractice’ among suppliers

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