Clarks kicks off restructuring talks with landlords October 26, 2020 High street footwear retailer Clarks has begun negotiations with landlords over store closures and rental agreements as it prepares to launch a restructuring plan. Clarks and its advisors will meet with retail property owners this week to discuss a company voluntary arrangement, which would allow the retailer to move to a “turnover rent” model linked [...]
Government risks ‘wasting taxpayer money’ through emergency loan schemes October 26, 2020 The chair of the Business, Energy and Industrial Strategy committee has criticised the government over its management of emergency loans for businesses affected by the coronavirus pandemic. Darren Jones MP warned that unless ministers “learn lessons” from initial rounds of support, they risk “wasting more taxpayer money”. In particular, he raised concerns over the fact [...]
The Ferrari Roma combines classic glamour with supercar performance October 26, 2020 It may be the most beautiful car on sale – and the driving experience lives up to the looks. Tim Pitt reviews the Ferrari Roma.
No Time To Die: James Bond studio hits back at reports of streaming release October 26, 2020 The Hollywood studio behind the James Bond film franchise has hit back at reports it is mulling a streaming launch for No Time To Die due to multiple delays to its release date. Metro-Goldwyn-Mayer (MGM) is said to have held discussions with Netflix, Amazon and Apple about a potential on-demand release for the 25th instalment [...]
Diageo snaps up Chase Distillery as it cashes in on gin boom October 26, 2020 Diageo today said it has agreed to buy British gin and vodka maker Chase Distillery, marking the drinks giant’s latest effort to strengthen its gin portfolio. The Herefordshire-based distillery is best known for its Chase GB Gin, as well as its Chase Original Potato Vodka. In total the company’s portfolio includes seven gins, four vodkas [...]
BoE’s Haldane: Working from home hurting work relationships October 26, 2020 Working from home is damaging people’s “social capital” and making them work longer hours, but more freedom and the end of the commute have increased the happiness of many employees, the Bank of England’s chief economist has suggested.
Post Office to axe 600 cash machines October 26, 2020 The Post Office will cut 600 of its free to use cash machines after a decision to take the assets in-house. Over the next four years, the Post Office will invest £16m into 1,400 ATMs across its estate. At the moment, there are 2,000 cash machines at its branches, but these are owned and operated [...]
Marks & Spencer ramps up online capacity ahead of ‘most digital Christmas yet’ October 26, 2020 Marks & Spencer is ramping up its online delivery capacity in the run up to what it said will be “the most digital Christmas yet”. M&S, which said festive-related searches are up 80 per cent on last year, will add more than 500 Christmas temporary employees. The new seasonal workers will be employed in addition [...]
Oil prices fall on fears of production boost amid surge in Covid-19 cases October 26, 2020 Global oil prices dropped sharply this morning amid fears of a ramp in production even as governments implement more stringent restrictions to cope with a surge in coronavirus cases. Worldwide standard Brent crude shed 2.4 per cent to fall to $40.76, while American benchmark West Texas Intermediate dropped 2.6 per cent to stand at $38.78. [...]
