Business News

Lenders to Virgin Atlantic Airways have drafted in City advisers as they brace for the impact of a restructuring of Sir Richard Branson's flagship company.

Britain's biggest carmaker is in talks with Whitehall about a massive taxpayer support package as the coronavirus pandemic continues to wreak havoc across manufacturing industries.

Lockdown is causing customers to turn against "fast fashion" - with 35% of women saying they intend to buy fewer items in the future, according to a new report.

The owner of Shearings, the coach holidays provider, has crashed into administration, resulting in the immediate loss of 2,500 jobs and thousands of customers' holidays being cancelled.

The aviation industry has criticised plans for a 14-day quarantine for people arriving in the UK from overseas.

A split three-day week with workers separated into two different teams should be considered as part of the economic recovery from the COVID-19 crisis, a report has urged.

Homeware chain Ikea is set to reopen 19 stores across England and Northern Ireland with social distancing measures in place.

The government borrowed a record amount in April, adding £62.1bn to the country's budget deficit.

The mortgage payment holiday scheme has been extended by three months, the government has announced.

The volume of retail sales in April fell by a record 18.1% as stores were forced to close their doors due to the coronavirus lockdown.