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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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10.02 US to exempt some Bangladeshi clothes from tariffs 10.02 Positive Breakout: These 11 stocks cross above their 200 DMAs 10.02 Gov. JB Pritzker talked Bears with with NFL commissioner, says progress is being made to keep team in Illinois 10.02 Actis enters race to re-acquire Sprng Energy from Shell at $2 billion valuation 10.02 Jewellery stocks rally on back of US-India trade deal 10.02 SBI logs biggest single-day gain in 19 months on strong Q3 results 10.02 Why food fraud persists, even with improving tech 10.02 Gold, silver ETFs gain as investors buy the dip after sharp fall More »