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Norton Motorcycles 'will be restored to former glory', says new owner

India's TVS Motor, which bought the British brand out of administration for £16m earlier this month, is reportedly set to invest tens of millions of pounds in the luxury motorbike maker.




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Unilever pays out dividend but warns virus crisis means a 'new normal'

Chief exec Alan Jope said he expects the pandemic to prompt lasting changes in behaviour, with strong demand for cleaning products set to continue while the dining industry could face a slow recovery.




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'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.




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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.




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Rates to stay at 0.1% until end of next year

The Bank of England is likely to keep rates frozen at the all-time low of 0.1 per cent until at least the end of 2021, according to a poll of economists by Reuters.




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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.




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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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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.




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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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Economic think-tank sounds alarm on household debt

The Institute for Fiscal Studies said households are saddled with £8,000 of non-mortgage debts, totalling £230 billion across the UK. And the coronavirus pandemic means incomes are falling.




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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.




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Big Short boss gets caught out by coronavirus crisis

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.




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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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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.




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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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EasyJet on course for a rescue cash battle with Stelios

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.




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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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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.




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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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UK Airline industry wants wage subsidy scheme extended

Tim Alderslade, the chief executive of industry body Airlines UK, wrote to Chancellor Rishi Sunak, saying that carriers will face a 'renewed cash crisis' if the job support scheme is withdrawn.




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UK trailing Europe in coronavirus crisis loans

Less money has been lent under the Business Interruption Loan Scheme than in Switzerland and Germany because the application process is too complex, the TaxPayers' Alliance said.




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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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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.




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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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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.




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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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MARKET REPORT: British pharma shines with coronavirus test

Novacyt has inked a deal with the Department of Health to provide it with 288,000 tests a week. And Omega Diagnostics has made fresh strides in the race to roll out antibody tests.




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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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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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Boeing boss warns of lasting effect of Covid-19

Just a day after arch-rival Airbus said it was 'bleeding cash' and may not survive, Boeing boss David Calhoun said: 'It is difficult to estimate when the situation will stabilise.'




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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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British Airways planning 12,000 redundancies

Coronavirus has wiped out demand and IAG believes it will take several years for air travel to recover to 2019 levels.




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Estate agents under fire for offering viewings during the pandemic

Firms are accusing each other of 'profiteering' from the pandemic. An estate agency in the Lake District sparked a debate after it said it had completed a viewing on a £1.25m home.




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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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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.




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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.




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Big offices are now a thing of the past, says Barclays boss

Staley (pictured with wife Debora) said the coronavirus would have a lasting impact on where staff work. Around 70,000 of Barclays 80,000 employees are working from home.




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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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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.