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MARKET REPORT: Pearson pledges to pay dividend

The education group will hand back £102m to shareholders - or 13.5p per share - after boss John Fallon insisted the company was in a 'strong financial position'.




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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.




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Persimmon to restart construction work within days

The company said it will resume building from April 27. Workers will follow strict social distancing rules - except for work deemed 'essential' that requires them to stand closer together.




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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.




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Taylor Wimpey boss: Give us a plan to get ALL firms back to work

Pete Redfern, the chief executive of FTSE 100 firm Taylor Wimpey, has broken ranks with rival bosses to push the Government to outline a plan to end lockdown.




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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.




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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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John Lewis ready to reopen shops in May

Andrew Murphy, John Lewis Partnership's executive director of operations, said the chain could begin reopening some stores as soon as the middle of next month.




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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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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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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.




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Reform furlough scheme to save jobs, says think-tank Reform

Think-tank Reform is calling on Rishi Sunak, the Chancellor (pictured), to let businesses bring back employees on reduced hours but still receive some state support as lockdown is lifted.




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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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M&S defies pressure to cut executive pay packages

Chief exec Steve Rowe (pictured) will still take his full £810,000 salary plus bonuses this year despite asking long-suffering savers and the taxpayer to prop up the ailing business.




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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.




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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.




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Shell in first dividend cut since WW2: Blow to pensions

Last year Shell was the most generous dividend payer in the UK, handing pension funds and investors £11.6bn.That amounted to 15.5 per cent of all payments made by FTSE 100 firms.




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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.




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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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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.




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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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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.




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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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Frontier Developments lands rights to create Warhammer video game

The Cambridge-based software firm will create a 'strategy' title based on the hugely successful fantasy series that will be released on computer and game consoles such as Xbox and Playstation.




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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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How come global stock markets had their best month in years?

According to the FTSE All-World Index, which measures the performance of thousands of companies around the world, global stocks grew at their highest monthly level in nine years.




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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'.




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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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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.




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Watchdog warns audit firms to up their game and stop misleading

The Financial Reporting Council has found most accounting firms are failing to assess whether their audits of major companies are any good until after they have already published them.




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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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LCF victims to find out if they will be able to claim compensation

The Financial Services Compensation Scheme is looking at claims from 12,000 savers who bought so-called mini bonds from LCF and were left high and dry when the company collapsed.




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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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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.




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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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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.




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MARKET REPORT: Rolls-Royce investors rocked

The FTSE-listed group will struggle after the number of hours its engines spent flying in April fell by 90 per cent. Across the first four months of the year, flying hours dropped 40 per cent.




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HAMISH MCRAE: Dividends are vital to economic demand

Does it really make sense for pensioners who, directly or indirectly, rely on their income from dividends to have those incomes further cut by Bank of England diktat?




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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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Banks urged to keep approving state-backed coronavirus loans

Bank of England governor Andrew Bailey (pictured) has put pressure on banks to ramp up lending as the central bank predicted the economy would shrink by 30 per cent in the first half of the year.




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Manufacturing is key to our recovery, says UK defence firm BAE

Under chief exec Charles Woodburn, 49, BAE Systems is fighting a very different war against the deadly coronavirus and is turning its formidable engineering expertise to helping the NHS.




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What car making in a coronavirus era looks like for Aston Martin

From temperature tests on arrival to face masks and two-metre distancing, this is the first glimpse of how manufacturing in Britain could look in the wake of the lockdown.




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BT takes axe to dividend: No annual payout for first time since 1984 

Chief exec Philip Jansen (pictured) said the company now aims to offer fibre to 4.5m homes and businesses by next March and 20m by the mid to late-2020s, up from a previous target of 15m..




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DIRECTOR'S DEALS: Anglo American boss Mark Cutifani gets £3.3m

Cutifani will be given the 226,879 shares in 2025 if he and the firm hit targets. The Australian, 61, has led the FTSE 100-listed miner, which bought Sirius Minerals this year, since 2013.




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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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Manchester United News: Ole Gunnar Solskjaer's best business yet was persuading De Gea to stay

JOE BERNSTEIN: With world-class players at a premium, the news that David De Gea is set to sign a new contract at Old Trafford gives Ole Gunnar Solskjaer a massive boost during a difficult period.




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Alexis Sanchez returned to training this week - but £500,000-a-week flop's future looks bleak

A year ago, Alexis Sanchez was the star attraction on Manchester United's tour of the United States. Now, he returns for pre-season training needing to salvage his Old Trafford career.