Honda halts Swindon car production for second time in a month due to supply chain disruption January 5, 2021 Honda this afternoon said that it would halt production at its plant in Swindon due to supply chain disruption – the second time it has done so in a month. In a statement, the carmaker said that production would stop today and tomorrow, with a view to starting again on Thursday. It said that the [...]
Coronavirus lockdown: Government announces £4bn in grants for closed retail and hospitality firms January 5, 2021 Retail, hospitality and leisure businesses are set to receive a one-off grant of up to £9,000 per property to help them survive the latest coronavirus lockdown, the government announced this morning. The new funding comes after the Prime Minister announced last night that the sectors would be forced to remain closed until at least mid-February [...]
Paperchase on the brink of collapse as Covid-19 lockdowns hit sales January 5, 2021 Paperchase is on the brink of becoming the first major retail collapse of 2021 after the stationary chain was forced to close stores over Christmas. The retailer has filed a notice of intention to appoint administrators, with PwC lined up to handle proceedings, following the announcement of a third nationwide lockdown. The card retailer, which [...]
Test and Trace failed to reach 30,000 people who tested positive for coronavirus in week before Christmas January 5, 2021 The Test and Trace scheme failed to reach more than 30,000 people who tested positive for coronavirus in the week before Christmas, at the same time the government warned that a new coronavirus mutation was spreading across the country. Latest official figures showed that 232,169 people tested positive for Covid at least once between 17 [...]
Decision on UK border restrictions in coming days, says Michael Gove January 5, 2021 Cabinet minister Michael Gove today confirmed that the government is preparing new border controls for travellers entering England. Speaking to ITV, he said: “We will be making announcements later today and in the days ahead about how we will make sure that our ports and airports are safe. “It is already the case that there are significant [...]
Next confirms consortium bid for Topshop-owner Arcadia January 5, 2021 Next has confirmed that it is part of a consortium bidding for Arcadia brands, but said it was not seeking majority ownership of Sir Philip Green’s collapsed business empire. It was reported last month that the high street retailer was holding detailed discussions with Davidson Kempner about a combined offer for Arcadia, the owner of [...]
Next shares soar following strong online Christmas sales January 5, 2021 British fashion giant Next today reported a surge in online sales over the Christmas period that looks set to boost profit beyond expectations for the year and help offset high street losses. Full-price sales fell 1.1 per cent in 2020 compared to the year before, beating its central guidance of an eight per cent annual [...]
Teaching unions’ refusal to innovate is behind the Government’s schools u-turn January 5, 2021 Over the course of this grim pandemic the government has performed enough u-turns to make a woodpecker’s head spin. Free schools meals, mass testing, masks, furlough, exams, Christmas, one exasperatingly predictable volte-face after another, accompanied by the inevitable, gradual erosion of faith in ministers to chart a course out of this crisis. Read more: England [...]
UK supermarket sales soar to record-breaking £11.7bn in December January 5, 2021 UK supermarkets recorded their busiest ever month in December as grocery sales soared to £11.7bn amid bar and restaurant closures during the festive period. Morrisons was the strongest performer of the Big Four UK supermarkets, with sales jumping 13.1 per cent, followed by Tesco, which toasted a 11.1 per cent rise in sales. Sainsbury’s recorded [...]
Rishi Sunak rolls out more financial support after sinking businesses demand immediate lifeline January 5, 2021 Rishi Sunak has set out plans to offer more financial support to businesses struggling under England’s third nationwide lockdown. Retail, hospitality and leisure businesses are set to receive a one-off grant of up to £9,000 per property to help them survive. Taxpayers will fork out another £4bn for the business grants, which will benefit more [...]