Our favourite restaurants and bars re-open! July 15, 2020 As businesses make their first steps back towards ‘normal life’ we have listed some of our favourite London spots to help you keep up to date with what’s on offer across the City. 1 Lombard Street will reopen on 20th July with some exciting new changes as chef, restaurateur and food writer Mark Hix joins the [...]
‘Incomplete’ V-shaped economic recovery likely, says Bank policymaker July 15, 2020 The UK economy is likely to go through an “interrupted or incomplete” V-shaped recovery as unemployment and social distancing weigh on growth, a Bank of England rate-setter has said. BoE monetary policy committee (MPC) member Silvana Tenreyro said the UK economy’s recovery will depend on coronavirus cases being brought under control domestically and around the [...]
Storage firm Big Yellow sees revenue creep up despite lockdown July 15, 2020 Self storage firm Big Yellow said that revenues crept up 2.3 per cent in the first quarter despite a fall in demand due to the coronavirus pandemic. Revenue increased to £31.8m in the three months ending in June, up from £31.1m in the same period last year. Shares in the FTSE 250 firm rose one [...]
Shakespeare: Green tea push leaves PG Tips looking more sustainable July 15, 2020 At the end of 2019 single-use plastic reduction and sustainable packaging was high on the agenda of most businesses. Unfortunately, many sustainable packaging and refill schemes have been paused for reassessment as the coronavirus pandemic makes hygiene more important than ever. However, one brand which has pushed ahead with its sustainable product launch is Unilever’s [...]
Carr’s reinstates dividend as farming firm avoids coronavirus damage July 15, 2020 Agriculture firm Carr’s Group today confirmed that it would pay shareholders a single combined dividend in October, saying the coronavirus pandemic had had “no material financial impact” on business. In an update, the London-listed company said that trading remained in line with expectations for the whole year. In April, the company, which makes agricultural equipment [...]
The Huawei ‘U-turn’ isn’t enough to keep Britain safe July 15, 2020 Yesterday, the UK government announced the results of its long-awaited review into Huawei’s role in our country’s 5G system. Following months of speculation and increasingly public and political concern about the influence of China, the new plan revises the January 2020 decision giving the Chinese telecoms giant a 35 per cent stake in Britain’s network [...]
Dixons Carphone kills dividend as mobile pushes it to loss July 15, 2020 Dixons Carphone has cancelled its dividend as poor mobile sales during lockdown pushed it to another annual loss, prompting its share price to sink today. Shares sank 7.8 per cent in early trading as a jump in online sales failed to offset a 20 per cent plunge in mobile sales during lockdown. The figures Dixons [...]
DEBATE: With the economy under such strain, should new fintech regulation be paused? July 15, 2020 With the economy under such strain, should new fintech regulation be paused? Elisabeth Kohlbach, co-founder and chief executive at Skwire, says YES. The UK’s fintech scene is one of the most vibrant and well-regulated in Europe. And in extraordinary times, this UK success story needs to be nurtured, not subject to more red tape. The [...]
UK small businesses ‘optimistic for the future’ despite coronavirus crisis July 15, 2020 Most UK small and medium sized businesses (SMEs) are optimistic about the future despite the huge challenges created by the coronavirus pandemic, according to the latest research. In total 60 per cent of UK SME owners are hopeful about the future of their business, making the UK the most optimistic in western Europe, alongside the [...]
