Economic recovery ‘being led by manufacturers’, says CBI

Manufacturers lead the way as Britain’s economy enters a ‘recovery phase’, says CBI By Dan Atkinson For The Mail On Sunday Published: 22:31 BST, 1 August 2020 | Updated: 23:05 BST, 1 August 2020 Britain’s economy has entered a ‘recovery phase’, with manufacturing leading the way, the latest figures from the Confederation of British Industry … Read more

Newly launched Lick Home secures £3m from Tetra Pak heir

Newly launched paint and wallpaper firm Lick Home secures £3m from Tetra Pak heir Lick Home was started by Lucas London and Sam Bradley in March The firm aims to cash in as people working from home look to spend money The funding round was led by London venture capital firm Felix Capital  By Jamie … Read more

Hambro: Now let’s settle this bitter feud over my gold mining giant

Gold mining veteran Peter Hambro has launched an emotional plea to private shareholders, urging them to intervene after the board of the company he created 26 years ago was ousted. He said a vote this week is an opportunity for ‘properly informed’ shareholders to decide the future of Petropavlovsk, worth £1.3billion, after a shock vote … Read more

Driverless car start-up Wejo zooms to £10m funding

Driverless car start-up Wejo zooms to £10m funding from Government’s coronavirus fund and investors  Chester-based Wejo hopes to play a major role in autonomous cars   £10m funding among largest secured by a start-up through the Future Fund By Jamie Nimmo For The Financial Mail On Sunday Published: 22:30 BST, 1 August 2020 | Updated: 23:04 … Read more

STOCK WATCH: Is shadowy billionaire set to ring changes at Openreach?

STOCK WATCH: Is shadowy billionaire set to ring changes at Openreach? By Jamie Nimmo For The Financial Mail On Sunday Published: 22:32 BST, 1 August 2020 | Updated: 23:02 BST, 1 August 2020 Could a French telecoms billionaire be circling BT‘s Openreach arm? The mutter from the City gutter is that the secretive Patrick Drahi … Read more

Shopping centre giant Hammerson set to tap investors for £600m

Shopping centre giant Hammerson set to tap investors for £600m Hammerson has only received a fraction of rent due over the past six months  It is currently the London Stock Exchange’s most shorted company  By Neil Craven for The Mail on Sunday Published: 22:31 BST, 1 August 2020 | Updated: 23:02 BST, 1 August 2020 … Read more

BP’s prized dividend faces chop after Covid triggers £5.2bn loss

BP’s prized dividend faces chop after Covid triggers £5.2bn loss  BP is scheduled to unveil half-year figures on Tuesday City analysts said BP could cut or shelve its payout alongside the figures  By Ben Harrington For The Mail On Sunday Published: 22:31 BST, 1 August 2020 | Updated: 23:02 BST, 1 August 2020 BP is … Read more

Eight in ten shoppers vow to spend locally after lockdown

Eight in ten shoppers vow to spend locally after lockdown, research shows By Sarah Bridge for The Mail on Sunday Published: 22:32 BST, 1 August 2020 | Updated: 22:59 BST, 1 August 2020 Eight in ten shoppers plan to spend more in local stores after lockdown, research for Santander Bank has found. In a boost … Read more

UN committee looking into global insolvency practices runs low on cash

UN committee looking into global insolvency practices runs low on cash By Dan Atkinson For The Mail On Sunday Published: 22:31 BST, 1 August 2020 | Updated: 22:59 BST, 1 August 2020 The United Nations committee looking into global insolvency practices is gaining hands-on experience of running short of money. Working group five of the … Read more

We MUST let zombie firms die so the strongest can thrive, says Ric Traynor

‘The right thing might be to let the weak go to the wall.’ That’s what Ric Traynor thinks should happen to debt-ravaged businesses, many of which are now surviving only due to taxpayer-backed life support. Traynor is the executive chairman and founder of Begbies Traynor, one of Britain’s largest corporate insolvency companies for smaller firms … Read more