Vodafone offers six months’ free broadband to small businesses June 2, 2020 Vodafone today said it will offer six months of free broadband to small business customers in a bid to help firms return to work following the Covid-19 crisis. The telecoms group will make its business broadband package free for six months with unlimited usage, while the package also includes six months of Microsoft 365 business [...]
Card Factory scraps dividend as higher costs hit profit June 2, 2020 Card Factory today scrapped its full-year dividend as higher costs and the ongoing impact of Covid-19 weighed on profit. The figures Card Factory reported revenue of £451.5m for the year to the end of January, up 3.6 per cent year on year. Like-for-like sale dipped 0.5 per cent over the year. Underlying profit before tax [...]
US riots: Fires burn near the White House as George Floyd protests turn violent June 1, 2020 Fires broke out near the White House and police clashed with demonstrators across the US last night as riots sparked by the death of George Floyd in police custody raged on. Troops were deployed in 15 US states and Washington DC as thousands defied curfew and took to the streets amid rising anger about race [...]
Twitter flags Trump tweet for ‘glorifying violence’ as row escalates May 29, 2020 Twitter today said that one of Donald Trump’s tweets had broken its rules about “glorifying violence”, marking the latest salvo in an escalating feud between social media firms and the US president. “These THUGS are dishonoring the memory of George Floyd, and I won’t let that happen,” Trump tweeted, in reference to protests over the [...]
Camden Market to operate one-way system as it prepares for June reopening May 29, 2020 The owner of Camden Market today outlined plans for a phased reopening of the north London shopping hotspot from 1 June. Landlord Labtech said the venue will reopen on Monday in line with the government’s plans to ease the coronavirus lockdowns for open-air markets and car dealerships. The canal-hugging tourist trap will implement a one-way [...]
Softbank Vision Fund boss doubles pay despite hefty loss May 29, 2020 Softbank has more than doubled the pay of its Vision Fund boss Rajeev Misra even as the mammoth tech fund dragged the Japanese company to a record loss last year. Misra pocketed 1.6bn yen (£12m) in total compensation for the year to March, more than twice as much as he earned in the previous 12 [...]
Property firm Capco in talks to buy major stake in rival Shaftesbury May 29, 2020 Property development firm Capital & Counties (Capco) today confirmed it is in discussions to snap up a 23.6 per cent stake in rival Shaftesbury. The two firms own swathes of neighbouring property in the West End and the talks have sparked further speculation of a merger. The discussions, first reported by React News, are centred [...]
Paddy Power owner Flutter raises £812m in share placing May 29, 2020 Paddy Power owner Flutter today said it has raised £812m in a share placing that will see Rupert Murdoch’s Fox Corporation boost its holding in the gambling giant. Flutter, which also owns Betfair and Poker Stars, said it placed more than 8m new shares at £101 each, marking a 4.7 per cent discount on last [...]
Renault to cut 15,000 jobs in Covid-19 restructuring plan May 29, 2020 Renault today unveiled plans to slash roughly 15,000 jobs worldwide as part of a drastic restructuring plan aimed at counteracting a sharp slump in sales during the Covid-19 crisis. The car manufacturer said it was launching talks with unions to restructure some of its plants in France and potentially close others in a bid to [...]
B&M gets lockdown sales boost as customers turn to DIY May 29, 2020 Discount chain B&M today reported a sharp rise in sales as customers stockpiled groceries and DIY equipment during the coronavirus lockdown. In the first eight weeks of the new financial year the retailer posted a 22.7 per cent rise in life-for-like revenue, as surging demand for gardening and DIY products offset a decline in customer [...]
