Wine lovers to save £130m as Brexit red tape cut July 26, 2021 Ministers are set to give British wine-lovers something to celebrate with red tape adding £130m to the naion’s booze bill set to be scrapped. VI-1 certificates, a post-Brexit document importers were set to be required to fill in when shipping to the UK, will no longer be launched. Food and Drink Minister Victoria Prentis said, [...]
One in four parents worried ending furlough will hit their jobs July 22, 2021 With the furlough scheme set to end in September, many families are left worried about finances; as 41 per cent of families with children believe the Government should extend the scheme because of the financial hardships they may face. 25 per cent of parents are concerned that the end of furlough will hinder job prospects, [...]
Ashurst’s equity profit bounces back to £1m per partner July 21, 2021 London-based law firm Ashurst has seen their equity per partner profit total to more than £1m in the previous 12 months from April 30. After five consecutive years of revenue growth the company has seen a 15 per cent growth in their partner profit over the year. Revenue for the company was also up 10per [...]
Pandemic impact: Third of businesses to ramp up online presence and reduce physical foot flow July 20, 2021 Covid-19 saw most businesses close their doors indefinitely to the public and cause some to permanently shut. Many small business owners would not have survived the pandemic without creating or improving their digital presence, according to technology company Cisco, saying 40 per cent managed to get through the pandemic thanks to an online platform. In [...]
“E-commerce winner” Virgin Wines confident in post-pandemic sales July 20, 2021 Wine subscription service Virgin Wines raised its annual financial forecasts as a result of strong customer demand, it told markets this morning. Their customer base grew by 24 per cent in the previous 12 months. The pandemic saw people at home stock their bars and fridges causing increased demand in alcoholic products over lockdowns, as [...]
Young’s sees sales close in on 2019 levels despite Covid-19 restrictions July 20, 2021 Pent-up demand has seen Young’s Brewery’s pubs outperform board expectations as Covid-19 restrictions lift. Despite restrictions on capacity and the ban on indoor drinking for much of the second quarter, the company told markets this morning that sales sat at 95 per cent of 2019 levels. The pub industry has had salt poured in the [...]
S4 Capital plans £321m expansion as business is powered by post-pandemic rebound July 19, 2021 Sir Martin Sorrell’s advertising agency is booming, driven by the global economy post-pandemic rebound and transformations in digital marketing, S4 Capital said this morning. S4 Capital said it has secured a debt refinancing which will fund future expansion. With a continued rise in expectations, the company plans to continue its expansion in the 12 months [...]
Pictures: Revellers return to nightclubs at midnight on ‘Freedom Day’ July 19, 2021 Dancefloors across England were packed with pandemic partygoers at midnight as Covid rules eased in the country. Thousands of clubbers queued for sell-out venue events on Sunday July 18 to celebrate the lifting of restrictions that came into force this morning. As of 00:01 today England dropped most of its remaining Covid-19 social restrictions, such [...]
US property firm picks up Angel office development in bet on office return July 19, 2021 American property firm Tishman Speyer confirmed the £86.5m purchase of a major office development in Islington this morning as it bets on workers returning the office. The deal with British property investment business Derwent London sees the sale of their office freehold interest in Angel Square, just behind Angel tube station. Derwent London announced the [...]
Plans for Coventry electric ‘gigafactory’ put forward July 15, 2021 Coventry City Council together with Coventry Airport Ltd. have submitted blueprints for a 5.7 square feet ‘gigafactory’ that could transform the UK’s electric car industry. The “mission critical” plant would make the batteries vital for the future of car manufacturing. The project’s proposals were put forward in February and will be decided if the project [...]