Test and trace scheme misses 20 per cent of coronavirus patients July 23, 2020 The government’s coronavirus test and trace scheme failed to gather the contacts of 20 per cent of patients that tested positive for Covid-19, according to the latest official data. The Department of Health said this morning that 80 per cent of the 3,887 people that tested positive for Covid-19 were contacted by the scheme between [...]
Brits spend £40bn on items to boost mood in lockdown July 23, 2020 Brits have spent £40.6bn on dispensable items during lockdown in a bid to keep themselves entertained while at home. Consumers spent an average of £771.34 each during lockdown, as retailers launched new products to capitalise on the demand for at-home experiences. Londoners spent the most during lockdown, amounting to 2812.26 per person followed by parents [...]
The City View: Andrea Rasca on Mercato Metropolitano July 22, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today Andy Silvester is joined by Andrea Rasca, the food lover and entrepreneur behind Mercato Metropolitano. They talk about the journey so far – from Milan to Mayfair via the Elephant and Castle – for the food and drink market, his approach to sustainability and ensuring that London remains [...]
Sports Direct owner Mike Ashley warns of closures after business rates review delay July 22, 2020 Mike Ashley’s Frasers Group, formerly known as Sports Direct, has warned it could be forced to close stores after the government delayed a business rates review. The government has promised a “fundamental review” into the long-term future of business rates. In March it gave retail, hospitality and leisure businesses a year-long holiday from the tax [...]
Commercial rent collection ‘exceeds expectations’ in June July 22, 2020 The amount of commercial rent collected in June “exceeded expectations” in the wake of the coronavirus crisis, the latest data showed. Real estate services company Cushman & Wakefield said it collected 69.1 per cent of rent in June on behalf of its clients, compared to 69.5 per cent collected in March just after the UK [...]
The City View: Modwenna Rees-Mogg on angel investing July 21, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today Andy Silvester is joined by Modwenna Rees-Mogg, founder of AngelNews and the Pluralists’ Club. Modwenna discusses the angel investing ecosystem, how it’s been hit by the Covid-19 pandemic, and the steps Government can take with the ‘future fund’ to ensure the UK remains a world leader. They also [...]
Tapestry chief executive quits after less than a year July 21, 2020 The chief executive of Tapestry, the parent company of luxury brands Coach and Kate Spade, has stepped down after less than a year in the job. Jide Zeitlin, who was also chairman, has today resigned from the New York-based firm, citing “personal reasons”. The Wall Street Journal, citing people familiar with the matter, said Tapestry’s [...]
Royal Mail parcel deliveries surge 38 per cent in lockdown July 21, 2020 Royal Mail parcel deliveries surged 38 per cent during the coronavirus lockdown as more consumers shopped online. The postal service said that between 30 March and 28 June, it shipped 117m more parcels than this time last year as Brits shopped online after being told to stay at home. Royal Mail said today that customer [...]
Ten Entertainment announces bowling alley reopening date July 21, 2020 Ten Entertainment announced this morning that it plans to reopen its bowling alleys in England on 1 August. The firm said its 39 Tenpin bowling alleys in England, which represent 91 per cent of group turnover, were ready to open with social distancing measures in place. Furloughed staff will return to work after taking a [...]
McDonald’s to open 700 restaurants for dine-in from tomorrow July 21, 2020 McDonald’s is preparing to reopen hundreds of UK restaurants for dine-in customers for the first time since the coronavirus lockdown began in March. The fast food chain said 700 UK branches will reopen from tomorrow following successful pilots. Ramped up social distancing measures will be in place and diners will also be required to leave [...]
