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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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02.12 Tuesday Watch 02.12 Costco sues Trump administration for 'full refund' of tariffs 02.12 ETMarkets Smart Talk: 2026 could be a breakout year for investors: Earnings revival, attractive valuations set the stage, says Samvitti Capitals Prabhakar Kudva 02.12 Federal review finds 44% of US trucking schools dont comply with government rules 02.12 Positive Breakout: These 11 stocks cross above their 200 DMAs 02.12 Jamie Laing's Candy Kittens to acquire UK snack brand Graze 02.12 Asian stocks edge up, Japan bond auction in focus 02.12 IPO Frenzy Continues: December to see nearly Rs 30,000 crore worth of public issues More »