3

'A divisive waste of money': Standard Life Aberdeen pulls out of Davos

Standard Life Aberdeen Chief exec Keith Skeoch has come to the view that attending next January would be insensitive to the grim realities of life in the pandemic for millions of ordinary people.




3

Blackmore Bond falls into administration owing savers £45m

Blackmore Bond had failed to hand out interest payments to its investors since October last year. Assurances that it would resume the payments in 2020 fell by the wayside.




3

SMALL CAP MOVERS: AIM-listed companies raise £500m to cope with coronavirus crisis

From the market low on 18 March to the start of the Easter weekend on 9 April, junior market-listed firms announced over £500million of funding.




3

Victoria's Secret revamping image to reverse fortunes

Sales at the US lingerie business have suffered as shoppers shy away from the brand, which is embodied by the scantily clad models who perform in its annual show.




3

Chancellor Rishi Sunak's loan offer for smallest firms

Critics of the Coronavirus Business Interruption Loan Scheme have urged Rishi Sunak to increase the guarantee from the current level of 80 per cent to 100 per cent.




3

Britain's economy sinks into deep-freeze as output plummets

The closely-watched Markit/CIPS Flash UK Composite Purchasing Managers' Index fell to a new record low of 12.9 - down precipitously from an already low reading 36 in March.




3

McLaren receives £300m jump-start during coronavirus pandemic

McLaren, based at a plush factory in Surrey designed by renowned British architect Norman Foster, is also talking to third parties about further boosting its working capital.




3

Will Sainsbury's bail out its own bank?

Experts at Barclays have speculated that the supermarket chain could be forced to 'inject capital' into Sainsbury's Bank.




3

STOCK WATCH: Fears grow that BP's Alaska sale may prove half-baked

With oil prices tumbling, investors will be glued to the first-quarter results due out from BP and Shell on Tuesday and Thursday respectively.




3

Mike Ashley's Frasers asks suppliers to cut 20% off unpaid bills

Ashley's chains, which include Sports Direct and House of Fraser, have been forced to close amid the Covid-19 pandemic, and are in arrears to suppliers.




3

American hedge fund Citadel in £275m bet against UK grocers

The move by Citadel suggests Britain's supermarket chains might not be immune to the coronavirus outbreak, even though their shares have held firm so far.




3

Furloughing fat cat bosses pocketed over £300m in five years

There are mounting calls for super-rich fat cat executives to play a bigger part in shouldering the financial burden stemming from the crisis, which will end up hitting taxpayers hard in the pocket.




3

Amazon to reap £7,500 a second in online boom

Analysts are predicting it will unveil first-quarter sales of around £59 billion. But the retail giant has been accused of abandoning fraud victims by closing a crucial helpline.




3

Airbus jobs at risk and shake-up looms as 3,200 furloughed

Chief executive Guillaume Faury told the plane maker's 135,000 staff to brace for a major shake-up and potentially sweeping job cuts to slash costs.




3

Companies must show restraint on bosses' pay

The Investment Association said firms will need 'to take account of their individual circumstances particularly considering the impact on their stakeholders' when deciding executive pay.




3

Sportswear firm Adidas suffers hit as profits slump 93%

The German sportswear firm warned its sales would slump 40 per cent in the second quarter despite China emerging from lockdown, and surging performance online.




3

Up to 30,000 North Sea oil and gas jobs could be cut

The crash in oil prices could put 10 per cent of the sector's 300,000 workforce at risk and reduce new investment in the region to the lowest level since 2000.




3

Founder of 'legal loan shark' Amigo in bid to oust the entire board

James Benamor says Amigo was committing 'slow-motion suicide' by making 'irresponsible' loans and failing to alert shareholders to the potential cost of complaints.




3

BP promises to pay a £1.7bn dividend despite 'brutal' environment

Many had been worried BP would have to cut or axe the payout after oil prices began tanking in late January. But the energy giant has raised the amount it will give to shareholders.




3

Cath Kidston staff 'betrayed' over redundancy pay

Bosses at the company's owner, Barings Asia, are withholding the severance payment. Instead staff have been been told to apply for government handouts.




3

Dixons Carphone's online sales rise 166% in five weeks

The group, which has scrapped its dividend for shareholders and furloughed 16,500 staff, saw its share price jump over 19 per cent earlier today.




3

P&O owner begs for £150m bailout as it plans to give investors £270m 

Dubai-based DP World says P&O needs the emergency cash to avoid collapse during the virus crisis.




3

Persimmon suffers 'material' slowdown in sales during lockdown

While the group got off to a strong start this year, social distancing, Government lockdown interventions and economic uncertainty have started to take their toll.




3

British make-up brand Charlotte Tilbury at centre of £1bn bidding war

It is thought that the brand, founded by make-up artist Charlotte Tilbury, 47, (pictured to the right of human rights lawyer Amal Clooney) could fetch more than £1bn.




3

Aerospace industry facing its 'gravest ever crisis', says Airbus boss

On another bleak day for the sector, Airbus chief executive Guillaume Faury predicted it could take 'three to five years' for passengers to be as willing to fly as before the crisis.




3

Oil giant Shell's eight-decade run of not cutting dividends ends

Shareholders are to receive around a two-thirds cut in their dividend payments covering the last three months of 2019, from 47 cents per share to 16 cents.




3

Ending furlough scheme in June is 'tantamount to economic suicide'

Just days after British Airways warned of 12,000 job cuts, business only expect to recover slowly as workers and consumers stay home and social distancing measures are put in place.




3

Reckitt sees record sales bonanza of £3.5bn as pandemic boosts demand

Laxman Narasimhan, chief executive of Reckitt Benckiser, said sales of condoms had been hit in the UK and Italy - but not in China, where restrictions are being lifted.




3

Pandemic set to cost car industry more than £8bn

The pandemic could result in 257,000 fewer vehicles rolling off production lines this year, after output plunged by almost 38 per cent last month, an industry report predicted.




3

Elon Musk brands lockdown 'fascist' and claims it poses risk to Tesla 

Tesla's factory in Fremont, California, has been closed since March 24 as part of a government clampdown, requiring people to stay indoors to slow the spread of the coronavirus.




3

MARKET REPORT: Hargreaves co-founder sells £160m of his shares

Stephen Lansdown found the company's stock was so sought after that, when he launched his latest sale of shares, he had to increase the amount up for grabs twice.




3

Lloyds under fire for handing out just £500m to struggling firms

The bank, led by chief exec Antonio Horta-Osori (pictured), which is the UK's biggest mortgage provider and one of the largest lenders to small businesses, has handed out just.




3

Britain's manufacturers suffer record drop in output

As the economic toll of lockdown starts to rear its ugly head, employment, new orders and output in the sector fell at the fastest pace for 28 years last month.




3

Tesla shares fell by nearly 13 per cent after Elon Musk tweet

The billionaire, 48, made the comment yesterday in a string of tweets that also saw him reveal he was selling all of his possessions and demand that authorities give people back 'their freedom'.




3

DIRECTOR'S DEALS: Diageo's Asia boss sells £746,000 worth of shares

Sam Fischer spent £479,000 exercising options to buy 28,000 shares at 1709p. He later sold the stock at 2663p, netting £267,000. Diageo's market value has fallen 14 per cent this year.




3

McDonald's to open 15 restaurants for takeaway and delivery on May 13 

The fast food business's 1,350 restaurants have been closed since the Government brought in lockdown measures in March due to concerns over staff and customer safety.




3

RBS sets aside £800m to pay for bad loans as profit falls almost 50%

RBS, which is changing its name to Natwest later this year, said the loss provisions dragged profit down by almost 50 per cent to £519m in the first three months of 2020.




3

Easyjet founder warns shareholders on 'worthless' stakes

Sir Stelios Haji-Ioannou urged them to back his bid to oust four directors at a meeting on May 22 as he thinks the order is a waste of money with the balance sheet already under threat from coronavirus.




3

Coronavirus looks set to cost £85bn in lost dividends

More than 300 listed companies have cut or cancelled payouts as they battle to survive. It is now feared that total dividend payments will fall from £98.5 billion last year to just £47.2 billion this year.




3

Hotel Chocolat's online surge fails to counter shop closures

The firm said that closing its stores in March has had a 'material impact' on trading and the company has initiated a 'broad range of actions to manage its costs and cash flow'.




3

JCrew crushed under a debt mountain of £1.3bn

The US fashion brand's lenders will inject £322m of cash and take control of the chain at the same time as cancelling its debt. The preppy brand counts Meghan Markle among its high profile fans.




3

O2 in £24bn merger talks with Virgin Media

The tie-up would transform the telecoms market overnight, creating a powerhouse to challenge former state monopoly BT.




3

Furloughed Sports Direct staff 'told to come to work'

Staff were asked to go into closed stores once a week and pack up stock so it could be sold online, but were told not to clock in, whistleblowers told the Guardian newspaper.




3

Hiscox to raise £400m as it fights firms over coronavirus payouts

The insurance giant said it would sell up to 58m shares, which at last night's price of 692.4p would be worth £400m, collecting the money so it could 'respond to future growth opportunities'.




3

MARKET REPORT: Tech veteran's swoop on Saatchi boosts firm's fortunes

Serial investor Vin Murria, an adviser at Hgcapital, bought 13.25 per cent of the AIM-listed company's shares on April 30, according to a stock market announcement yesterday.




3

Ocado sales jump over 40% but shopper habits returning to 'normal'

The grocer said its decision to stop people ordering bottled mineral water helped it complete 6,000 extra orders a week.




3

MARKET REPORT: Hiscox raises £375m to ride out Covid-19 storm

The Lloyd's of London insurer was a top FTSE 250 riser after placing the 57.6m shares, priced at 650p. This was 6 per cent cheaper than its share price the day before the fundraising launched.




3

Ocado cent of investors shun £58m pay deal for boss Tim Steiner

Just hours after the online grocer revealed sales have jumped more than 40 per cent in the last five weeks, it emerged that 29.7 per cent of investors had voted against top pay at the company.




3

Pandemic wipes £1billion off Disney's quarterly profits

The US giant said it will reopen its Shanghai Disneyland park on May 11 but severely limit the number of guests and enforce strict social distancing measures on rides and in restaurants.




3

ALEX BRUMMER: ITV's streaming battle

ITV's chief exec Carolyn McCall has done the right things to limit the scarring. Some 800 workers have been furloughed, the dividend and executive pay have been cut and costs severely pruned.