Dunelm reports post-lockdown sales boom on pent-up demand September 1, 2020 Dunelm today said its sales jumped in July and August as pent-up demand helped boost revenue following the coronavirus lockdown. The furnishings retailer reported year-on-year sales growth of 59 per cent in July and 24 per cent in August. The Leicestershire-based firm said the rise was due to pent-up demand following store closures, as well [...]
Exclusive: Sky to open first retail stores as it takes on high street rivals August 28, 2020 Sky is set to open its first ever brick-and-mortar retail stores in the UK as the broadcaster and telecoms giant defies faltering footfall to turn up the heat on its rivals. The media group is poised to open its first outlets in the coming months, providing a physical point of sale for its mobile, TV [...]
Japanese PM Shinzo Abe resigns for health reasons August 28, 2020 Japanese Prime Minister Shinzo Abe has confirmed his resignation due to his deteriorating health, sparking a fall in Tokyo stock prices and a rise in the yen. “I cannot be prime minister if I cannot make the best decisions for the people. I have decided to step down from my post,” Abe told reporters. The 65-year-old [...]
Frontier Developments shares jump as it unveils new video game launches August 28, 2020 Shares in Frontier Developments jumped this morning after the video game publisher said a string of new titles will help boost full-year revenue. The Aim-listed firm reported a “strong close” to the financial year, adding that sales across its portfolio of games had hit targets so far in the 2021 fiscal year. The Cambridge-based gaming [...]
Coronavirus: Government to launch back-to-work campaign August 28, 2020 Brits will be encouraged to get back to the office as part of a new government campaign set to launch next week. The campaign will promote the advantages of returning to work and seek to reassure employees about the safety measures being taken to halt the spread of the virus. The productivity push, which will [...]
Goldman Sachs offers office perks as it ramps up return to work August 27, 2020 Goldman Sachs is laying on perks for staff members that return to work in its London offices as the US bank looks to bring workers gradually back to the City. The lender is offering perks including protective gear, free food and use of an on-site nursery for all employees who choose to return to its [...]
Coronavirus: Government to pay low income workers in self-isolation August 27, 2020 People on low incomes who are forced to self-isolate due to coronavirus will receive payments from the government as part of a new scheme. From Tuesday people who claim universal credit or working tax credit and cannot work from home will be entitled to up to £182 — equivalent to £13 per day. The scheme [...]
The Hut Group plots mega £4.5bn London initial public offering August 27, 2020 The Hut Group today unveiled plans for a £4.5bn float on the London Stock Exchange in a move that is set to land its co-founder a bumper payday. The consumer brands retailer, which is based at Manchester Airport, said in a filing that it intends to carry out a free float of at least 20 [...]
Tiktok boss Kevin Mayer quits over looming Trump ban August 27, 2020 Tiktok chief executive Kevin Mayer has quit the hit video-sharing app over a looming ban rolled out by US President Donald Trump. In a note to employees Mayer said political pressure from the White House had changed the global nature of his role. “In recent weeks, as the political environment has sharply changed, I have [...]
Davos 2021: World Economic Forum postponed due to coronavirus August 26, 2020 The World Economic Forum has said its 2021 meeting in Davos will be postponed due to the coronavirus pandemic. The annual conference, which brings together the world’s top political figures and business leaders, usually takes place in January. But organisers today said the jamboree will be pushed back to early next summer instead due to [...]
