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2020-04-02 20:34:59| Guardian Unlimited Business - more business news

Billionaire asks government to pay 14,500 employees out of emergency wage schemeCoronavirus latest updatesSee all our coronavirus coverageThe billionaire retailer Philip Green is asking for taxpayer help to prop up his crumbling fashion empire, with 14,500 employees set to be paid out of the governments emergency wage support scheme.Like other fashion retailers, Arcadia, which owns brands including Topshop, Dorothy Perkins and Miss Selfridge, is facing financial turmoil as the lockdown prevents Britons from shopping. The company has already asked landlords for rent cuts and paused payments into its pension scheme. Continue reading...

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27.11 BBC joins officers on criminal network raids 27.11 Who are the winners and losers from Rachel Reeves' Budget? 27.11 Labour ditches day-one protection from unfair dismissal in U-turn 27.11 Banking giant to build 10bn tower at Canary Wharf 27.11 How do Surrey businesses feel about the budget? 27.11 Simon Jack: Businesses left asking - what happened to growth? 27.11 Black Friday arrives with solid momentum despite tariffs and economic uncertainty 27.11 OBR calls in cyber expert over botched release of Budget analysis More »