Cheaper rent draws tenants to central London locations February 8, 2021 Lower rents in prime central London locations are grabbing the interest of prospective tenants, suggesting urban living still has strong strength of demand despite the pandemic. The number of new prospective tenants registering in prime central London (PCL) who came from outside the area was 35 per cent between June and December 2020, according [...]
Losses at top 100 restaurant groups rocket 112 per cent to £571m February 8, 2021 Losses at the top 100 UK restaurant groups increased 112 per cent to £517m last year, rising from reported losses of £269m at the end of last month. According to UHY Hacker Young, the losses are expected to continue, as restaurants have been forced to shut again because of the latest coronavirus restrictions. UK Hospitality, [...]
UK business output plummets to nearly year low February 8, 2021 The impact of lockdown restrictions in January caused UK business output to fall at a rate not seen since April 2020. Business output in January 2021 fell by 5.38 points to a near year low, according to consultancy firm BDO, with the service sector driving the decline. Despite business output falling, economic activity was significantly [...]
UK firms will have borrowed more than £60bn by the end of 2021 February 8, 2021 UK firms will have borrowed more than £60bn by the end of the year, having borrowed £35.3bn in 2020, and been forecast to borrow a further £26bn this year, according to the EY Item Club. Following the UK’s third national lockdown, EY predicted that many businesses are unlikely to start making inroads into repaying their [...]
More than 12 million have had first dose of Covid vaccine February 7, 2021 More than 12 million people have had the first dose of a vaccine against Covid-19, the Department of Health and Social Care announced today. As of today, some 12,014,288 people have had a first dose of a vaccine against coronavirus. More than half a million individuals have had a second dose of a coronavirus vaccine, [...]
Rolls-Royce to temporarily shut factories during the summer February 7, 2021 Rolls-Royce will temporarily shut down its jet engine factories for two weeks in the summer, in an attempt to save costs in the midst of the pandemic. The shutdown – the first in the company’s history – will affect all 19,000 staff in Britain, according to reports. Workers were told about the planned closure in [...]
Oxford/AstraZeneca jab offers less protection against South African variant February 7, 2021 AstraZeneca has said its vaccine, developed with the University of Oxford, appeared to offer only limited protection against mild disease caused by the South African variant of Covid-19, based on early data from a trial. The study from South Africa’s University of the Witwatersrand and Oxford University showed the vaccine had significantly reduced efficacy against the [...]
Pandemic profiteers face tax hike on Covid winnings February 7, 2021 Companies that have cashed in a result of the coronavirus pandemic, including the likes of Amazon, will face a double tax raid under plans being draw up by the government. The government has summoned companies to discuss how an online sales tax would work, while plans are also being drawn up for a one-off “excessive profits tax,” the [...]
Rapid Covid-19 testing rolled out to businesses with more than 50 employees February 7, 2021 Workplace Covid testing is being offered to companies in England with more than 50 employees, for staff who cannot work from home during lockdown. Businesses with more than 50 employees are now able to access lateral flow tests, which can produce results in less than 30 minutes, according to reports. Officials said the move was [...]
TDR Capital makes £2bn offer for Glastonbury power supplier Aggreko February 5, 2021 TDR Capital makes £2bn offer for Glastonbury power supplier Aggreko
