Will masks remain mandatory on Tube even if Boris Johnson ditches rules? July 5, 2021 All eyes will be on Sadiq Khan and Transport for London commissioner Andy Byford after Boris Johnson is expected to announce the end of compulsory face masks from 19 July. TfL holds the power to set “conditions of carriage” relating to face coverings on London transport, that could see masks mandated on the Tube even [...]
TfL finances battered by £100m drop in advertising revenue July 5, 2021 Transport for London (TfL) has suffered a record £100m plunge in advertising revenue across its network after Covid restrictions prevented people using its services. The fall in ad revenues is the latest pandemic hit for TfL, which derives the vast majority of its revenue from fares, and has been bailed out to the tune of [...]
Daily Covid cases in Scotland surpass 4000 in a day – for first time ever July 1, 2021 Scotland has reported a record number of daily Covid cases for the third time this week, as cases surpassed the 4000 mark for the first time since the start of the pandemic. 4234 people registered positive Covid test results in the last 24 hours, according to the latest Scottish government figures published on Thursday. The [...]
Test and Trace: Weekly Covid cases hit highest level in England since mid-February July 1, 2021 NHS Test and Trace figures showed that almost 80,000 people tested positive for coronavirus in the week to June 23, as the PM gave his strongest hint yet that reopening will go ahead on July 19. The latest figures showed that 79,247 people tested positive between June 17 and June 23 – a 43 per [...]
Activist investor Elliott piles pressure on Walmsley with call for change at GSK July 1, 2021 The US activist hedge fund launched a scathing attack on GlaxoSmithKline’s management and called for a shake-up of the UK drugmaker’s board. Elliott Management urged GSK to name new board directors and launch a review of Emma Walmsley’s leadership of the company, in its first public push for change since its investment in April. In [...]
Gap to close all 81 stores in UK and Ireland July 1, 2021 American retailer Gap has confirmed it will close all its 81 stores in the UK in a phased exit and move online-only for the region. The US fashion giant said it would close the stores in a “phased manner” between the end of August and end of September. It comes just a few weeks after [...]
JD Sports raises profit outlook and announces board change July 1, 2021 Britain’s largest sportswear group raised its profit outlook for the full year to “no less than” £550m in a trading update today. JD Sports said sales in the immediate period after lockdown reopening had been “particularly encouraging”. Most of the fashion retailers 3,300 stores around the world are now open, bar some in the Asia [...]
PZ Cussons predicts better-than-expected profits as Covid-driven cleanliness endures July 1, 2021 Hygiene, baby and beauty brands returned the business to revenue growth, but consumers have calmed down on handwashing since the beginning of the pandemic. Consumer products giant PZ Cussons reported steady revenue growth of 7 per cent across all regions and its hygiene, baby and beauty brands in the financial year to May 31, in [...]
Revolution Bars reports recovery in trading to almost pre-Covid levels July 1, 2021 Cocktail bar group Revolution Bars said sales have surged as lockdown restrictions were lifted, and it expects revenue for the year to be ahead of previous expectations. Despite operating at 28 per cent of total capacity since indoor drinking was permitted from May 17, the group today reported that trading since that date has surged [...]
Scotland records most Covid cases since start of pandemic, again June 30, 2021 Scotland has recorded its highest number of coronavirus cases since the start of the pandemic for the second time in a matter of days. 3,887 people registered positive Covid test results in the last 24 hours, according to the latest Scottish government figures published on Wednesday. The case rate was up 769 on the previous [...]