Banks poised to call back billions in Covid loans

Fears for small firms as banks prepare to claw back billions in Covid loans HSBC, NatWest, Barclays and Lloyds have begun sending letters to customers  Banks are allocating hundreds of extra staff to spearhead the recovery efforts They have handed out more

Bunga Bunga owners in £3m court fight over Covid claim

Owners of London nightclub Bunga Bunga in £3m court fight over Covid claim Bunga Bunga, once frequented by Prince Harry, is owned by Inception Group It paid £130,000 for comprehensive annual insurance cover for 11 bars and clubs The group filed a claim

Monsoon slashes number of shops in half

Monsoon slims down for end of lockdown as it slashes number of shops in half The chain has 66 stores – compared to 125 before the pandemic Chief executive Nick Stowe said the chain had invested heavily in technology By Neil Craven

Pubs boss Hugh Osmond plans £300m Homebase bid

Pubs boss Hugh Osmond plans £300m Homebase bid as DIY chain sees boom in sales during lockdown Hugh Osmond is one of a number of potential buyers interested in Homebase  A City source said the price tag is between £200million to £300million 

Treasury faces fresh probe over Greensill

Chancellor Rishi Sunak was under fresh scrutiny last night over the design of the Government’s pandemic loan scheme that gave access to collapsed financier Greensill Capital. Greensill, which was advised by David Cameron and run by Lex Greensill, was accredited to provide

Cineworld to hold crunch vote over cash crisis

Cineworld to hold crunch vote to increase its £6bn debt pile as it prepares to reopen cinemas Cineworld shareholders to vote on plan to take on an extra £155m of debt It is seeking approval for the suspension of its borrowing limits 

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