Morrisons moves to support supply chain through coronavirus outbreak March 13, 2020 Morrisons will make immediate payments to smaller businesses and re-classify suppliers to help 1,000 more firms as it moves to protect its supply chain from the impact of coronavirus. The grocer will temporarily scrap its 14 day payment terms and pay small suppliers as soon as an invoice is received. Morrisons also said it will [...]
Disneyland theme parks closed due to coronavirus March 13, 2020 Disneyland theme parks in California, Florida and Paris have been closed due to the global outbreak of coronavirus. The theme parks will be closed from this weekend to the end of the month, and Disney has also suspended all new cruise departures for the same period. In a statement the company said: “We are proceeding [...]
Coronavirus: Ex-health secretary Jeremy Hunt calls UK response ‘concerning’ March 13, 2020 Former health secretary Jeremy Hunt has said the government’s decision not to cancel public events amid the outbreak of coronavirus is “concerning”. Other countries around the world have banned mass gatherings and closed schools in an attempt to halt the spread of the virus. Boris Johnson said the UK would not ban public events – [...]
St Patrick’s Day: London celebrations canned due to coronavirus March 13, 2020 London’s St Patrick’s Day parade has been cancelled after performers dropped out due to mounting fears over the outbreak of coronavirus. Mayor of London Sadiq Khan said this morning that key performers were no longer able to take part in the annual Irish celebration. Khan said he was “incredibly disappointed” that the parade – which [...]
Coronavirus: Just Eat and Deliveroo offer contactless delivery March 13, 2020 Food delivery services have launched contactless delivery options to prevent the spread of coronavirus. Takeaway.com, the Dutch company that recently bought Just Eat, and Deliveroo have both committed to providing deliveries without physical contact. Takeaway said the measure is applicable to all restaurants on its platform throughout Europe. Drivers are being instructed to ring the [...]
Coronavirus: Asian stocks volatile as outbreak fears spread March 13, 2020 Asian stocks plunged overnight following the biggest US and London stock market drops in decades as global panic over the spread of coronavirus increased. Japan’s Nikkei is down 6.08 per cent this morning, after dropping as much as 10 per cent overnight. Hong Kong’s Hang Seng is down 2.82 per cent, after earlier suffering its [...]
John Lewis tumbles down ranking of best high street employer March 13, 2020 Struggling department store John Lewis has tumbled down the rankings of high street employers after a tough year in which the retailer has suffered a drop in profit and slashed worker’s bonuses. John Lewis & Partners held the top spot in 2018, but fell to eight last year and has tumbled a further three places [...]
Poundland sale delayed due to CEO’s illness amid market volatility March 12, 2020 Poundland owner Steinhoff International has reportedly paused the potential sale of its European arm Pepco amid increased market volatility and its chief executive’s leave of absence. Steinhoff announced last year that it was mulling a range of strategic options for Pepco Group, which contains Poundland, including a potential public listing. However the process has been [...]
Moss Bros to be taken private in £22.6m deal March 12, 2020 Suit retailer Moss Bros is on the brink of being taken private after the owners of Crew Clothing offered to buy it in a deal worth £22.6m. Brigadier Acquisition Company offered to buy the high street chain for 22p per share, a premium of 60 per cent on yesterday’s closing price. Crew Clothing owner Menoshi [...]
Neil Woodford investors to share £141.7m payout March 12, 2020 Investors in Neil Woodford’s former flagship fund are in line to share a £141.7m payout as the liquidation of its assets continues. The capital distribution is the second since the process to wind up the Woodford Equity Income Fund (WEIF) began earlier this year. In January around £2.1bn was handed back to the 300,000 investors [...]
