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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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13.02 Market quote of the day by Philip Fisher | The stock market is filled with individuals who know the price of everything, but the value of nothing 13.02 Accor, InterGlobe weigh IPO for joint hospitality venture 13.02 HUL sees demand recovery as rural, urban traction improves; Q3 volumes rise 4% 13.02 AI coding platform's flaws allow BBC reporter to be hacked 13.02 Why Europes First Capital of Small Retail treats shops as public infrastructure 13.02 Agrochem stocks surge on strong Q3, trade deal 13.02 IT stocks go into a tailspin as US data adds to AI disruption 13.02 Rain and politics driving up half-term holiday bookings, travel agents say More »