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Laura Ashley to axe 268 jobs following administration

Laura Ashley is to cut 268 jobs in the UK after the British fashion retailer slid into administration last week. Administrators for the high street...

British banks suspend dividends to save money for coronavirus fight

Britain’s biggest banks have become the latest to scrap their dividends, as businesses scramble to save money by stopping payments to shareholders amid the...

China’s Huawei says 2019 sales up 19% despite US sanctions

Chinese tech giant Huawei has said its sales of smartphones and other products grew by double digits last year despite US sanctions but warned...

Shell warns over hit of up to €730m after oil price crash

Royal Dutch Shell has warned it expects to take a hit of up to $800m (€730m) in the first quarter as the coronavirus crisis...

Johnson and Johnson to start coronavirus vaccine trials in coming months

Johnson and Johnson will start coronavirus vaccine trials in humans later this year. The pharmaceutical company said if all goes well, it hopes the drug...

Markets continue to feel brunt of virus outbreak

Asian shares started the week with fresh losses as the coronavirus outbreak continues to shut down travel and business in many parts of the...

EasyJet grounds entire aircraft fleet due to coronavirus

EasyJet has grounded its entire fleet of aircraft due to the coronavirus pandemic, the airline has announced. The Luton-based carrier said the measure “removes significant...

IMF head says global economy is in recession

The head of the International Monetary Fund (IMF) has said the global economy has entered a recession that could be worse than the 2009...

Next offers staff 20% bonus for travelling to work despite lockdown

High street fashion chain Next is offering its UK staff a 20% boost to their pay if they turn up to stores today, despite...

FTSE has best day on record as traders hope for US coronavirus bill

The 100 companies on Britain’s main stock index have added more more than £113 billion to their combined value, in the FTSE 100’s best...

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