Can a new Scots Tory leader regain the party’s mojo? August 7, 2020 The Scottish Tories have got themselves a new leader. This might not move share prices or the relative values of sterling, and gossipers in the markets will now be asking “who is Douglas Ross?” But the same could have been said of Ruth Davidson back in 2011 when she became leader, shortly before her phenomenal [...]
UK retail footfall continues slow recovery in July August 7, 2020 UK retail footfall continued to improve in July as shoppers tentatively returned to the high street following the coronavirus lockdown. Footfall was down 42 per cent in July, an improvement on the 62.6 per cent decline recorded in the previous month. High street footfall decreased 47.5 per cent, also up on the 64.5 per cent [...]
The City View: Rachel Cunliffe on why working from home isn’t great for everyone August 7, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In this episode Christian is joined by City A.M.’s comment and features editor, Rachel Cunliffe, who talks about her recent column on why working from home doesn’t suit everyone. Rachel talks about young people in houseshares in particular, as well as those who don’t have the luxury of a separate work [...]
July retail sales dampen hopes of quick high street recovery August 7, 2020 Retail sales continued to fall in July despite the reopening of non-essential stores, dampening hopes of a quick bounce back on the high street. Like-for-like sales in bricks and mortar stores fell 39.4 per cent in July compared to growth of 0.1 per cent in the same month last year. Last month was also the [...]
Finance understands the vital role it plays in recovery August 7, 2020 Stephen Pegge is Managing Director of Commercial Finance at UK Finance From the beginning of the Covid-19 outbreak, the banking and finance industry has understood the critical role it plays in helping steer businesses through the sudden business interruption and uncertain outlook. The lockdown was vital to halt the spread of the virus. But it’s [...]
Uber’s food delivery business doubles but demand for rides falters August 6, 2020 Uber said demand for its food-delivery service doubled in the second quarter as users were locked down due to the pandemic, while demand for rides was hit. The company maintained it was sticking to its goal of being profitable on an adjusted basis before the end of next year. Today it reported that revenue in [...]
Belgium, Andorra and the Bahamas added to UK’s quarantine list August 6, 2020 Belgium, Andorra and the Bahamas have been added to the UK’s quarantine list, after a spike in coronavirus cases. People arriving in England from Andorra, Belgium and the Bahamas from 4am on Saturday 8 August will have to self-isolate for two weeks. Tweeting on Thursday evening, transport secretary Grant Shapps said: “Data shows we need [...]
Ride-hailing firms Gett and Ola sign corporate partnership August 6, 2020 Ride-hailing firms Gett and Ola have today announced a new partnership following a surge in demand for corporate travel as the UK returns to work after the coronavirus lockdown. The partnership will allow Gett’s corporate clients access to Ola’s platform in London, enabling them to request a variety of Ola ride options from September. In [...]
People must have the confidence to return to work, says PM August 6, 2020 An economic recovery will require people to have the confidence to get back to the office, the Prime Minister has said in his latest attempt to push the UK to return to work. During a visit to a housing development in Warrington this afternoon, Boris Johnson told reporters there were “real signs of strength in [...]
Starling Bank predicts 2020 profitability despite deepened losses August 6, 2020 Starling Bank has said it expects to break even by the end of this year and be profitable in 2021, despite more than doubling its losses in 2019. Chief executive Anne Boden told reporters the digital bank had benefited from participating in government schemes to provide business loans during the pandemic, gaining new loans on [...]
