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 [...]
Cloud-based phone system Aircall raises $65m amid home working boom May 27, 2020 Cloud-based phone system Aircall has raised $65m in Series 3 funding led by DTCP, as demand for the firm’s technology has surged during the remote-working boom sparked by the coronavirus pandemic. The round was led by DTCP with participation from new investors Swisscom and Adam Street, as well as existing investors Balderton Capital, Draper Esprit, [...]
Central London office take-up plummets as employees work from home May 27, 2020 The amount of central London office space leased in the first quarter of the year plunged as employees began working from home and the UK entered its coronavirus lockdown. Office space leased in the capital between January and March reached 2.7m sq ft, down 30 per cent on the previous quarter. The government introduced a [...]
House buyer demand surges after government lifts property market restrictions May 27, 2020 Demand from potential house buyers spiked 88 per cent after lockdown restrictions on England’s property market eased earlier this month, according to the latest research. However, the pent-up demand varied between cities, according to the latest research by Zoopla, and the rebound in London has been less pronounced than other English cities. The research found [...]
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 [...]
Nando’s reopens 94 UK restaurants for takeaway and delivery May 26, 2020 Nando’s has reopened 54 restaurants across the country, with a further 40 sites ready to reopen for delivery and click and collect tomorrow. The Peri-Peri chicken chain said it had successfully completed trials at a number of restaurants and was ready to expand its takeaway service across the UK. Nando’s will offer a reduced menu [...]
Sir Patrick McLoughlin appointed as Visit Britain chairman May 26, 2020 Former Conservative Party chairman and transport secretary Sir Patrick McLoughlin has been appointed as chair of the British Tourist Authority. McLoughlin, who was MP from Derbyshire Dales between 1986 and 2019, will chair the Visit Britain tourism board for three years from 1 June, it was announced this morning. He was government chief whip from [...]
Retail footfall soars over bank holiday weekend May 26, 2020 Retail footfall soared over the weekend compared to the Easter bank holiday as shoppers made the most of the relaxation of lockdown restrictions in England. High street footfall surged 49 per cent yesterday compared to Easter Monday, while coastal towns saw visitor numbers jump 62 per cent. Footfall at retail parks was up 42 per [...]
Aston Martin’s chief executive ousted as part of management shake-up May 24, 2020 Aston Martin chief executive Andy Palmer is reportedly set to be ousted from the role as part of a management shake-up. The luxury carmaker confirmed it is reviewing its management team. It will name Mercedes-AMG chief executive Tobias Moers as Palmer’s replacement in an announcement tomorrow, the Financial Times reported. Palmer had not been informed [...]
