Cineworld shares soar as it secures $110m cash boost for July reopening May 28, 2020 Shares in Cineworld jumped almost 25 per cent this morning after the chain said it had secured $110m (£90m) from lenders and hoped to reopen cinemas by July. The UK cinema operator said it had secured the cash through an increase in its revolving credit facility. It has also been granted approval to apply for [...]
Boohoo buys remaining stake in Pretty Little Thing May 28, 2020 Fast fashion retailer Boohoo has today bought the remaining 34 per cent stake in Pretty Little Thing after facing conflict of interest criticisms from a short-seller. The deal is for an initial consideration of £269.8m, with a further £54m of consideration “contingent on Boohoo’s share price averaging 491p per share over a six month period [...]
All McDonald’s drive-thru restaurants to reopen next week May 27, 2020 All McDonald’s drive-thru restaurants across the UK will be open by the end of next week, the fast food giant announced today. The restaurants will reopen between Tuesday and Thursday next week, and the burger chain will also expand the availability of its delivery service. By 4 June, 1,019 McDonald’s restaurants in the UK and [...]
UK coronavirus lockdown: When will hairdressers reopen? May 27, 2020 Hairdressers and barbers have been closed for more than nine weeks after they were ordered to shut their doors during the UK coronavirus lockdown announced on 23 March. Searches for “how to cut hair” have increased 412.2 per cent since the beginning of lockdown, while searches for “how to shave your head” have soared 277.8 [...]
Fast fashion retailer Boohoo hit by short-seller attack May 27, 2020 Fast fashion retailer Boohoo today denied allegations that it had misled investors following a short-seller attack that saw its share price plunge more than 12 per cent. In a statement this morning the online retailer said it “strongly refutes the allegations” made in a report published yesterday. “Boohoo…notes the recent decline in its share price [...]
John Lewis reveals first 13 stores to reopen next month May 27, 2020 John Lewis has revealed further details of its plans to phase the reopening of its department stores, saying 13 shops will be open by 18 June. The high street retailer announced today that its department stores in Poole and Kingston will reopen on 15 June, which is the first day non-essential retailers are allowed to [...]
Britvic sales hit by coronavirus restrictions May 27, 2020 Britvic has reported volatile sales across the board due to the pandemic, with its out-of-home channel adversely hit by lockdown restrictions. The figures In the six months to 31 March, revenue rose 1% to £698m with profit before tax up 16% to £53m. Britvic said while it is confident of its liquidity the board will [...]
UK grocery sales surge at record level after two months of lockdown May 27, 2020 UK grocery sales rose 14.3 per cent during the 12 weeks to 17 May, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The UK has been in lockdown since 23 March though restrictions are being gradually eased. Of Britain’s big [...]
Halfords to reopen 53 stores after Covid-19 lockdown May 27, 2020 Halfords today said it will reopen 53 stores across the UK after it was forced to close down its physical operations due to the coronavirus crisis. The bicycle and car parts retailer was granted essential retailer status following the lockdown, meaning it was able to keep 335 of its 446 stores open. However, these operated [...]
John Lewis to phase reopening of department stores from 15 June May 26, 2020 Department store chain John Lewis said it will open its stores on a “phased basis” after the government said non-essential retailers could reopen from 15 June. The retailer did not say how many of its 50 stores would open in mid-June, but said that the reopening would be phased to test in-store changes required to [...]