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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.




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Rise in abuse by customers prompts Lloyds to protect staff

The bank wants to discourage 'non-essential' customer visits after some of its staff complained in a union survey that irate members of the public had spat on them.




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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.




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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.




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John Lewis seamstresses making scrubs for NHS

The retailer announced it would reopen its Lancashire textiles factory to make 8,000 washable gowns for Northumbria NHS Foundation Trust over four weeks.




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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.




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Easyjet bosses set for showdown with founder Haji-Ioannou

Following a row over the cost of new planes, Haji-Ioannou is trying to oust chief executive Johan Lundgren and chairman John Barton at an extraordinary shareholder meeting on May 22.




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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.




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Top executives seek help with mental health during lockdown

Paracelsus Recovery said the rise in requests was mostly from high-flying businessmen who were struggling to adapt to their new style of life.




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Brokers prey on businesses desperate for coronavirus lending

Treasury officials and the City watchdog expressed concern after it emerged a company is charging £500 upfront, then a percentage of the value of the loan if the application is successful.




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MARKET REPORT: Royal Mail shares rise after a first class verdict

Royal Mail is poised to benefit from the new reliance on web sales. Citigroup Analysts bestowed a rare double upgrade on the 504-year-old postal service, moving it from 'sell' to 'buy'.




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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.




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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.




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MARKET REPORT: Fever-Tree shares lose fizz as co-founder quits

Over the last 17 years Rolls (pictured) and his business partner, chief exec Tim Warrillow , have transformed the market for tonic waters - and created a stock market darling.




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Twitter sales plunge 27% but users grow

The US social media group said 14m more users are using its platform every day compared to a year ago, taking the total number to 166m.




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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.




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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.




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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.




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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.




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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.




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FCA tells insurers: See you in court, after Covid claims are rejected

Insurers have come under fire for refusing to pay out claims to companies which have been devastated by the lockdown. The Financial Conduct Authority plans to resolve this as quickly as possible.




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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.




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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.




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Businesses scramble to get hold of new fast-track loans

In an indictment of the failure of the Government's original aid schemes to help many businesses, lenders received tens of thousands of applications for the new 'Bounce Back' loans within hours.




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Gambling bosses refuse pay cuts over coronavirus

William Hill is benefiting to the tune of over £30m per month from the wage subsidy scheme and the business rates holiday, while Paddy Power is saving £400,000 per month in business rates.




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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'.




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UK Cinemas set to reopen in July, Vue boss says 

Vue boss Tim Richards is 'hopeful' that venues can be open in time for the release date of Nolan's new film, Tenet (starring John David Washington and Robert Pattinson, pictured) on July 17.




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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.




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BT scraps its dividend for at least 2 YEARS as it focuses on fibre broadband

Chief executive Philip Jansen, who recently recovered from Covid-19, said a new target of full fibre to 20 million homes by the mid to late 2020s is now in place.




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Are the big tech stocks immune to viruses?

The products and services provided by the big tech firms are deeply embedded in the lives of individuals and the business practices of companies.




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Filta shares up 80% as it produces coronavirus sanitisers

The anti-viral solution leaves a protective layer that bonds to the surface, creating a safer environment in shared spaces such as restaurants, bars and shops.




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BA owner says misery will last until 2023 as it reports $1.5bn losses

IAG said it is 'planning a meaningful return to service' in July. But it conceded the plans were 'highly uncertain and subject to the easing of lockdowns and travel restrictions' globally.




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

Uber Eats sales jumped 50 per cent as people locked down all over the world turned to restaurant deliveries as a treat at home. The company is trying to save more than £800m this year.




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Alexis Sanchez agreed to new Arsenal contract before Man United move

Alexis Sanchez agreed to a new Arsenal contract before staging a last minute U-turn, according to the club's former transfer negotiator Dick Law.




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First yellow of the season! Manchester United forward Alexis Sanchez receives car parking ticket

The Chilean international, who is currently nursing a hamstring injury, returned to his car in Wilmslow after taking a train from London, only to discover that a parking warden had paid it a visit.




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Alexis Sanchez and Manchester United youngster Mason Greenwood clashed in pre-season

Alexis Sanchez was apparently left fuming after clashing with youngster Mason Greenwood while on Manchester United's pre-season tour. Sanchez is currently recovering from a hamstring injury.




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Transfer news: Alexis Sanchez could be 'made to train with Man Utd RESERVES'

Ole Gunnar Solskjaer is ready to banish Alexis Sanchez to train with the reserves unless he agrees to a move away, according to The Sun. Roma are currently his only potential suitors.




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Alexis Sanchez will have to accept MASSIVE £9m per-season wage cut to join Inter Milan

Antonio Conte is pushing his Inter Milan bosses to pursue a deal for Manchester United flop Alexis Sanchez. However the Chilean's huge wages will likely be a huge problem.




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Alexis Sanchez arrives at Carrington for training despite Inter Milan loan switch edging closer 

The Chilean forward is keen to move to Inter Milan and has received permission from Manchester United to speak to the Italian giants and manager




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Solskjaer coy on Sanchez's future as Manchester United flop closes in on loan move to Inter

Ole Gunnar Solskjaer has admitted Alexis Sanchez could leave Manchester United in the coming weeks, with Inter Milan among the clubs showing interest in the forward.




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Alexis Sanchez played secret game against Sheffield United ahead of Inter Milan move

Alexis Sanchez featured in a behind-closed-doors Manchester United fixture against Sheffield United, as he prepares to end his Old Trafford nightmare and seal a summer move to Inter Milan.




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Man United News: Sanchez 'misses training to head to US embassy to get visa for Chile duty'

The 30-year-old, who has struggled for form at United, is in negotiations with Inter Milan over a season-long loan deal from Old Trafford. He reportedly had to visit the US embassy in the capital.




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Transfer news: Sanchez's loan move from Man United to Inter Milan edges closer

Inter Milan welcome Leece in their opening Serie A match on Monday night and Sanchez could reportedly be in attendance before undergoing a medical the next day.




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Man Utd news: Alexis Sanchez could be set to stay after Anthony Martial's injury

Manchester United's plans to sell Alexis Sanchez to Inter Milan look set to be placed on hold while the club waits for news on Anthony Martial's thigh injury.




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The big questions as stars race to seal deals before European transfer window shuts 

ADAM SHERGOLD: The transfer window in Europe's leading leagues closes on Monday and we could well see some of the continent's elite clubs involved in a scramble for some big stars.




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Man United walked away from Dybala deal 'because they feared repeat of Alexis Sanchez situation'

Man United walked away from a summer deal for Juventus striker Dybala 'because Ed Woodward feared another Alexis Sanchez situation' over the Argentine's £18million-a-year wage demands.




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Transfer news: Man United confirm Alexis Sanchez has joined Inter Milan on season-long loan deal 

Manchester United have confirmed that Alexis Sanchez has joined Inter Milan on a season-long loan deal. The winger had fallen out of favour at Old Trafford and will hope to rediscover his best form.




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How Udinese nurtured Alexis Sanchez as the Man United flop returns to Italy

ADAM SHERGOLD: Alexis Sanchez was transformed from a skinny 16-year-old to one of the world's most exciting young prospects during five years on the books at Udinese.




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Alexis Sanchez gets stuck in during first Inter training session after escaping Man United nightmare

The Chilean star had endured a nightmare spell at Old Trafford and was sidelined under manager Ole Gunnar Solskjaer after a string of injuries and below-par performances.




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Rio Ferdinand lays into Manchester United flops and praises Ole Gunnar Solskjaer for transfer window

Sanchez and Lukaku both moved to Inter Milan this month, ending torrid spells at Manchester United. Sanchez joined the Italian side for a season-long loan, while Lukaku moved on a permanent deal.