Could group action claims explode in post-coronavirus crisis litigation boom? May 7, 2020 Lawyers and litigation funders are increasingly looking at group action lawsuits in England and Wales as a way of holding major companies to account. After the last financial crisis litigation spiked as contractual counterparties fell out and consumers and shareholders pursued banks for wrongdoing. The litigation landscape in the English legal system has changed over [...]
Shares in Mirror publisher Reach jump despite Covid-19 revenue hit May 7, 2020 Shares in Daily Mirror publisher Reach jumped as much as 12 per cent this morning as “unprecedented” demand helped to offset investor concerns about a decline in revenue. The newspaper group, which also owns the Daily Express and a host of regional titles, reported a 13.1 per cent decline in revenue in the four months [...]
Government will extend furlough beyond June if needed, says minister May 7, 2020 The government is committed to extending the job retention scheme beyond the end of June if required to support workers currently on furlough, a minister said today. Northern Ireland secretary Brandon Lewis said the government would not end furlough abruptly at the end of June if it is clear employees will continue to need support. [...]
Trainline ‘confident’ it can navigate coronavirus downturn as revenue grows May 7, 2020 Travel ticketing platform Trainline has said that it is “confident” it can navigate an extended coronavirus downturn, as its revenue grew 24 per cent last year. The firm said that although passenger numbers in the UK and Europe are currently down 95 per cent, its long term growth strategies remained intact. The figures Trainline said [...]
Debenhams to close five stores after dispute with landlord Hammerson May 7, 2020 Debenhams has announced it will permanently close five stores in Hammerson shopping centres after it was unable to reach an agreement with the landlord, with Next swooping in to rent some of the vacant space. The department store chain will shut its stores at Hammerson’s Birmingham Bullring, Leicester, Reading, Croydon and Glasgow Silverburn sites, affecting [...]
Covid-19 could be a disaster for grassroots sport if sponsorship and subscriptions dry up May 7, 2020 Sport plays a significant role in society. It keeps people active, healthier, both physically and mentally, and develops skills and confidence. Physical activity builds social and community cohesion. It teaches teamwork, discipline and respect. For many, playing sport is the highlight of their week. That sense of belonging and achievement, a feeling of winning or [...]
S4 Capital shares rise as advertising firm shrugs off Covid-19 hit May 7, 2020 Shares in S4 Capital rose as much as six per cent in early trading as the advertising firm boosted first-quarter revenue despite the impact of the coronavirus crisis. S4 Capital’s like-for-life revenue increased 17 per cent in the first three months of the year to £71m, while gross profit was up 22 per cent on [...]
UK house prices dip in April as coronavirus lockdown brings market to standstill May 7, 2020 UK house prices dipped in April as property market was brought to a standstill by the coronavirus lockdown, however property expects expected buyers and sellers to return “in droves” when restrictions are lifted. UK house prices fell 0.6 per cent in April compared to the previous month, dropping to an average price of £238,511. On [...]
O2 and Virgin Media confirm merger to create £31bn telecoms player May 7, 2020 O2 and Virgin Media have confirmed a merger to form a multi-play broadband giant that would be valued at a combined total of £31.4bn. The pair pledged to invest £10bn into the UK over the next five years while saving £6.2bn through combined synergies, or £540m a year five years after the merger completes. But [...]
