Shakespeare: The pandemic is changing the retail market, even online April 8, 2020 Lockdown has created a difficult situation for retailers of goods that are deemed ‘non-essential’ as brands try to adhere to social distancing guidelines for employees while balancing the need to continue trading. Some Brits have taken to social media to argue that ordering non-essential items online creates unnecessary risks for warehouse employees. But encouragingly for [...]
Easyjet accused of spending £600m of taxpayer money on Airbus deal April 8, 2020 Easyjet founder Sir Stelios Haji-Ioannou has once again lashed out at the firm, saying the carrier’s receipt of £600m in loans from the government “could be the biggest scandal in British corporate history”. The Greek-Cypriot businessman has pressured Easyjet’s board to scrap a £4.5bn order for 107 new planes from Airbus. Haji-Ioannou believes cancelling the [...]
Robert Walters blames ‘savage’ coronavirus for UK profit hit April 8, 2020 Recruiter Robert Walters has bemoaned the “savage” economic impact of coronavirus as UK fee income slumped 29 per cent over the first quarter of 2020. The recruitment agency is seen as an economic bellwether and took a hit from Brexit uncertainty and the lead-up to December’s General Election in 2019. “It’s largely a hangover from [...]
Insurance: Hiscox, Aviva, RSA and Direct Line suspend dividends following Bank of England pressure April 8, 2020 Insurance companies Hiscox, RSA, Aviva and Direct Line have this morning announced the suspension of their dividends after regulatory pressure from the Bank of England. Sam Woods, deputy governor of the Bank’s Prudential Regulatory Authority wrote to chief executives of major insurers on 31 March asking them to “pay close attention to the need to [...]
Coronavirus: The pandemic could change the sport and leisure sector for good April 8, 2020 Long ago, back in January 2020, people made new year’s resolutions about going to the gym more… which they might have been achieving, until a global pandemic came along. The decision to shut down UK gyms and leisure centres in March would have been unthinkable just a few months ago. The industry had never looked [...]
Six tips for better behavioural investing April 8, 2020 At a turbulent time for global markets, Nick Kirrage, Co-Head of the Value Team, recently sat down with the Investor Download podcast. We discussed the current state of financial markets, reflected on the behaviour of investors and how they might best navigate the current turmoil. Below are six key points. Listen to the Investor Download. [...]
Coronavirus: What does entertaining look like in a post-pandemic world? April 8, 2020 What will life be like after the Coronavirus? What will restaurants be like? What kind of holidays will we have? Who will be going to concerts? I’m pretty sure it’s not what you expect… how do I know? Well, at Ten Group – the world’s most successful lifestyle concierge service (“TENG” on the London Stock [...]
Coronavirus: UK job vacancies contract for first time in more than a decade April 8, 2020 UK job vacancies contracted for the first time in more than a decade last month as the coronavirus outbreak caused demand for staff to plummet. A survey by the Recruitment and Employment Confederation and KPMG said the vacancy measure dipped below 50 for the first time since September 2009, falling to 47.8 in March. The [...]
Recruiter Page Group says profit dropped 26 per cent last month after coronavirus lockdown April 8, 2020 Recruiter Page Group said its gross profit in March fell 26 per cent after the impact of coronavirus. The company said gross profit for the first quarter overall was down 11.7 per cent. Page Group said it was cutting jobs to keep costs low. It said it had cut 104 fee earners and 28 operational [...]
