Sainsbury’s to slash 3,500 jobs and close Argos stores November 5, 2020 Sainsbury's will cut 3,500 jobs and close 420 Argos sites, as the firm posted a £137m loss for the first half of the year.
Astrazeneca boosts revenue but misses first vaccine delivery target November 5, 2020 Pharma giant Astrazeneca has seen its sales and revenue rise for the year to date despite the ongoing disruption from the coronavirus pandemic. The FTSE blue-chip said that revenue increased eight per cent to £19.2bn in the first nine months of the year, while sales rose nine per cent. The company, which is working with [...]
The Tories that voted for Christmas November 4, 2020 England will enter its second national lockdown at midnight tonight, after MPs overwhelmingly voted in favour of new restrictions. The government won the vote by 516 to 38, with a majority of 478 meaning the fresh measures will come into effect at the twelfth stroke of the clock. In a three-hour debate in the House [...]
Breaking: MPs vote lockdown into law from midnight tonight November 4, 2020 England will enter a month-long lockdown from midnight tonight, after MPs approved the new shutdown. MPs supported the fresh restrictions by 516 votes to 38 in a House of Commons motion this afternoon. It means pubs, bars, restaurants and non-essential shops will shut from midnight until 2 December. All people in England will be told [...]
Shepherd Neame swings to a loss ahead of new hospitality restrictions November 4, 2020 Britain’s oldest brewer Shepherd Neame swung to a loss in the last financial year due to the impact of the coronavirus lockdown. The pub chain posted a loss before tax of £12.1m in the year ended 27 June, compared to profit of £3.5m the previous year. Turnover dropped from £145.8m to £123.6m, reflecting the three [...]
How to write a lockdown novel – from a man who did just that November 4, 2020 Thierry Macquet, a Mauritian ex-at living in London, found himself stranded on the paradise island of his childhood when coronavirus rampaged across the globe. To stay sane, he decided to write a lockdown novel, Messages From an Adventurous Ancestor. Here’s how he did it, and some advice on how you can do the same as [...]
Boris Johnson promises businesses new lockdown will end on 2 December November 4, 2020 Prime Minister Boris Johnson reassured British businesses that the new lockdown in England will end on 2 December during a speech to the CBI today, but later said it would “depend on us all doing our bit”. Johnson announced a new month-long lockdown at the weekend. It will come into place tomorrow and will see [...]
John Lewis axes 1,500 head office jobs November 4, 2020 John Lewis has announced it will axe a further 1,500 jobs as part of its plan to return to profit. The retailer said this morning that it will cut the head office roles by April next year, in a move that will save £50m as it targets £300m in cost reductions by 2022. It will [...]
Oxford Covid-19 vaccine trial results due before New Year November 4, 2020 The Covid-19 vaccine developed by the University of Oxford could present late-stage trial results before the year end, the chief trial investigator for the vaccine has said. Working out whether or not the vaccine worked would likely come this year, according to Oxford Vaccine trial chief investigator Andrew Pollard. After that the data would have [...]
Marks & Spencer posts first loss in firm’s history November 4, 2020 Marks & Spencer posted its first loss in 94 years as a publicly listed company as clothing sales collapsed due to the coronavirus crisis. The high street stalwart reported a £87m pre-tax loss for the first half of the year. In the same period last year it made a profit of £158.8m in the same [...]