Sir Vince Cable, who led the privatisation of Royal Mail in 2013, said a reduction to executive pay was the socially-responsible thing to do after bosses axed the dividend last month.

The former state monopoly decided to cancel its final payout to investors last month, to help bolster the balance sheet.

Online supermarket Ocado removed 11,087 promotions and hiked the base price of 918 products between March 4 and April 8. Founder and chief exec Tim Steiner's stake is worth some £480m

On a day of wild swings on global markets, brent crude briefly fell below $16 a barrel - the lowest level this century. It later recovered, surging 10 per cent to more than $21 last night.

The utility giant was among the biggest fallers on the FTSE 100 after US investment bank Jefferies downgraded its stock from 'buy' to 'hold' and slashed earnings forecasts by a third.

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.

Steve Eisman told investors last week that the Neuberger Berman Absolute Alpha Fund had dropped nearly 5 per cent in March as the Covid-19 crisis took hold.

EasyJet is heading for its biggest showdown yet with Sir Stelios Haji-Ioannou amid growing speculation in the City that the airline may ask investors to stump up rescue cash.

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.

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.

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

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.

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.

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.

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.

Carnival has been asked to give all the documents relating to the pandemic and its response to the House Committee on Transportation and Infrastructure.

The online grocer awarded a £58m pay packet to chief executive Tim Steiner last year, and will give him a bonus of up to £100m over five years if its share price continues to rise.

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

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.

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.

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.

The company's market value has rocketed 46 per cent this year to £13.1bn. The three rivals, in contrast, have all seen their share prices fall and are now worth less than £11bn put together.

CHRIS WHEELER IN PERTH: Pogba and his agent Mino Raiola have made no secret of his desire to leave, but Solskjaer believes he can motivate United's record signing to be a key player.

Alex Sanchez began his pre-season with Manchester United three weeks after his Chile side suffered defeat by Argentina in the Copa America third place play-off.

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.

With Manchester United's pre-season in full flow, Romelu Lukaku and Alexis Sanchez have been enjoying their time away from the preparations as they shared a laugh at Carrington.

Van Persie can sympathise with Sanchez. He, too, swapped Arsenal for United. He, too, knows the baggage that comes with life at Old Trafford.

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

The Belgium international left the club this month to join Inter Milan for a fee worth £75million after just two seasons in the North West, and had plenty to say about his treatment at Old Trafford.

Inter Milan chief Beppe Marotta has insisted that Mauro Icardi remains out of the reckoning under Antonio Conte. Icardi has been largely ignored since Conte arrived as manager.

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.

Ole Gunnar Solskjaer admitted Alexis Sanchez had to leave Manchester United to save his career. The Chilean completed a season-long loan move to Inter Milan after 18 torrid months at Old Trafford.

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.

Alexis Sanchez is open to a move to Major League Soccer, but after finally getting out of Manchester United he is not considering a switch Stateside anytime soon. 

In an interview with Inter TV, the forward spoke about his ambitions with his new club and claimed that the unity inside the Inter dressing room could be the secret to their success this season.

MARTIN KEOWN: No club has a divine right to success. You have to earn it. For so long, Manchester United were the dominant force in English football, but not any more. They do not frighten opponents.

Gary Neville says Manchester United have gone backwards after selling Marouane Fellaini, Alexis Sanchez and Romelu Lukaku but urged them to 'hold their nerve' with Ole Gunnar Solskjaer.

Romelu Lukaku scored after just 22 seconds and added another goal to help Inter Milan to a 4-1 victory over Cagliari at San Siro on Tuesday and a place in the Italian Cup quarter-final.

Manchester United will not be able to recall Alexis Sanchez from Inter Milan to reinforce their attacking options after Marcus Rashford was ruled out for three months.

A shock transfer to struggling West Ham, and a return to London two-and-a-half years on from leaving Arsenal, may be the lifeline Sanchez needs to salvage his career.

Sonja Falck, senior psychotherapy lecturer at East London University has claimed someone who uses terms such as 'geek' or nerd' should be prosecuted for a hate crime, writes TOM UTLEY.

TOM UTLEY: You can tell a lot about the way modern families tend to neglect their elderly by the number of car parking spaces available on our road in south London.

TOM UTLEY: I know many readers will condemn me as a suicidal, homicidal maniac when I admit that, on Tuesday, I took Mrs U out for an idyllic pub lunch - perhaps our last for a very long time.

Deontay Wilder has urged Andy Ruiz Jr to stop investing in his lavish lifestyle that has come about from his two fights with Anthony Joshua and return to the gym.

After their first fight was a split decision draw in December 2018, Fury dominated Wilder on Saturday night in Las Vegas, with the American's corner throwing in the towel in the seventh round.

After Tyson Fury's devastating dismantling of Deontay Wilder on Saturday night, the question now on everyone's lips is: what's next? Sportsmail assess all the options...

Tyson Fury and Deontay Wider have been urged by Anthony Joshua's promoter Eddie Hearn to 'hurry up' with their third showdown in order to pave the way for a heavyweight title unification fight.

Fury's dad, John, has told Joshua and his promoter Eddie Hearn to stay clear of his son because he will 'make your life a misery' amid calls for a huge British unification fight between the pair.

Tyson Fury beat Deontay Wilder via TKO in their much anticipated rematch to win the WBC world title belt. There has since been talk of a future unification bout with fellow Brit Anthony Joshua.

Tyson Fury has responded to Deontay Wilder excuse that his shock loss to the Gypsy King was caused by his 'heavy' ring walk outfit, saying fighters will often refuse to blame themselves after a defeat.