• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics Business

Bank of England lends to Airlines,chemicals giants & oil field company

The full list, according to the Bank of England.

Joe Mellor by Joe Mellor
2020-06-04 17:09
in Business
Credit;PA

Credit;PA

FacebookTwitterLinkedinEmailWhatsapp

The Bank of England has lent more than £16 billion to 53 major businesses in a bid to support them through the coronavirus crisis.

The list, which raised protests from fair pay campaigners and environmental groups, included several airlines, oilfield services company Schlumberger, German chemicals giant BASF, and defence giant Chemring.

Money has also gone to support the National Trust, Greggs and Nissan, among others.

Around £2.8 billion has gone to firms with headquarters based overseas, including the Netherlands, Germany and Ireland.

And several high street names took out cash, including John Lewis, Marks & Spencer, Greggs and Fuller’s – with stores, bars and restaurants remaining closed in most cases.

Online fashion giant Asos, which has remained open throughout the lockdown, took a £100 million, several weeks after it was revealed bosses had asked shareholders for £247 million in a fundraiser.

Fashion houses Chanel and Burberry also turned to taxpayer-backed loans, £600 million and £300 million respectively.

RelatedPosts

Turkey doesn’t vote for Xmas: Oil and gas industries reject call for windfall tax

Royal Mail announces huge profits…then signals price hikes as it cuts costs to cope with inflation

McDonald’s to leave Russia as Greenpeace blocks tanker carrying Putin’s diesel to UK

What cost of living crisis? Huge pay packet of Tesco boss revealed

The full list of 53 borrowers:

BASF SE – £1 billion
Baker Hughes UK Funding Company PLC – £600 million
Bayer AG – £600 million
Chanel Limited – £600 million
CNH Industrial NV – £600 million
Compass Group PLC – £600 million
easyJet PLC – £600 million
Intercontinental Hotels Group – £600 million
JCB Service – £600 million
Nissan Motor Co Ltd – £600 million
Rentokil Initial plc – £600 million
Ryanair DAC – £600 million
Westfield UK & Europe Financial Plc – £600 million
ABB Finance BV – £400 million
Brake Bros Limited – £400 million
Johnson Controls International plc – £370 million
Toyota Financial Services (UK) plc – £365 million
Amcor UK Finance plc – £360 million
Bourne Leisure Limited – £300 million
British Airways PLC (International Airways Group PLC) – £300 million
Burberry Limited – £300 million
FirstGroup plc – £300 million
G4S International Finance Plc – £300 million
John Lewis Plc – £300 million
Lendlease Europe Finance Plc – £300 million
London & Quadrant Housing Trust – £300 million
Mitsubishi Corporation Finance PLC – £300 million
National Express Group PLC – £300 million
Rolls-Royce plc – £300 million
Stagecoach Group PLC – £300 million
Wizz Air – £300 million
Marks and Spencer plc – £260 million
Telefonica Europe BV – £200 million
Vesuvius plc – £200 million
Tottenham Hotspur Stadium Limited – £175 million
PACCAR Financial PLC – £170 million
Greggs plc – £150 million
OPTIVO – £150 million
Schlumberger Plc – £150 million
ASOS plc – £100 million
Fuller Smith & Turner Plc – £100 million
Inchcape Plc – £100 million
Polypipe Group Plc – £100 million
Honda Finance Europe PLC – £75 million
Meggitt PLC – £60 million
Chemring Group plc – £50 million
SSP Financing Ltd – £50 million
Akzo Nobel NV – £30 million
The National Trust for Places of Historic Interest or Natural Beauty – £30 million
The Vitec Group plc – £30 million
Young & Co’s Brewery, PLC – £30 million
Carnival plc – £25 million
Alliance Automotive Investment Limited – £20 million

Related – PMQs – PM fails to ‘take back control’ of Coronavirus, Brexit & in-tray

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Offers for Glasgow Rangers strikers better be ‘really, really big’

‘Chicken coop just elected a fox’ reactions as George Osborne appointed Chair of British Museum

Exclusive: Home Office attempted to deport man unfit to fly shackled in an ambulance

The TTIP threat to locally-sourced food

Beer of the Week – Meantime London Lager

Terrorists in Uniform: The Hypocrisy of War

Veolia’s bid for Suez “an aberration and destructive for France” – but could it discredit the myth of the European champion?

‘We are enjoying this’ Dominic Cummings – controversy and caustic remarks

Lizard banned from park is now allowed to enter on condition his owner keeps him on lead

Greta Thunberg shares powerful chart that explains why women get abortions

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.