Back in business: Our regular round-up of London’s reopened bars and restaurants July 24, 2020 Coronavirus may have shuttered the food industry since lockdown was announced, but the restaurant business is bouncing back, with dozens of our favourite places to eat reopening every day. Lima Peruvian restaurant group Lima was one of the brave restaurants keeping us fed during lockdown with its Lima Home delivery service, giving us all a [...]
Keep shopping like you did during lockdown July 20, 2020 No, not stockpiling. Nobody wants more stockpiling. But in other ways, lockdown has changed how we shop for the better — and there are valuable lessons we should all learn from this period of disruption. Over the years we’ve grown accustomed to easy access to a huge variety of food. We’re not typically too concerned [...]
Back in Business July 18, 2020 After months as a ghost town the City is finally getting back to business. Restaurants and bars that have been shuttered since lockdown are opening up again and City workers are desperate to get stuck in. In this brand new food and drinks hub we’ll be bringing you all the latest news on the bars [...]
More SMEs eligible for coronavirus loans under rule change July 17, 2020 An abrupt U-turn in lending rules means SMEs banks previously rejected for coronavirus loans may now be able to get the vital cash they need to survive. Small businesses with fewer than 50 staff and less than £9m in annual turnover will no longer be considered “undertakings in difficulty” under EU state aid rules amid [...]
Wells Fargo reports first quarterly loss since 2008 July 14, 2020 Wells Fargo posted its first quarterly loss since the 2008 financial crash today as the coronavirus crisis forced it to set aside $9.57bn to cover potential loan losses and slash its dividend. The bank’s earnings have suffered since the start of the Covid-19 pandemic as it does not have a strong capital markets business to lean [...]
Lidl to open 25 new stores in the UK this year creating 1,000 jobs July 14, 2020 Lidl has said it plans to open a new store every week until Christmas, seeing 25 new branches and 1,000 more jobs. The budget supermarket also plans to invest £1.3bn in the UK for 2021 and 2022, which will see the creation of 100 new stores and around 4,000 new jobs. Lidl aims to have [...]
The FTSE 100 is lagging behind soaring global markets – but why? July 13, 2020 Stock markets around the world have soared in recent months even as economies crashed, aided by central banks pumping trillions of dollars into the system. But although all stock markets are rising, some are rising faster than others. Britain’s FTSE 100 is lagging behind almost all other major stock indices. It has risen just over [...]
US sees 1.3m new jobless claims as coronavirus cases remain high July 9, 2020 More than 1.3m Americans made new jobless claims last week, the Labor Department said, keeping claims on a downward trajectory despite a spike in coronavirus cases in the US. Weekly jobless claims peaked at over 6m at the end of March and have been steadily declining since then. Last week’s figure was better than expected. [...]
FTSE 100 slips despite Chancellor’s raft of new stimulus measures July 8, 2020 The FTSE 100 closed lower on Wednesday, even after the Chancellor unveiled a £30bn stimulus package to get consumers spending again. London’s blue-chip index closed down 0.55 per cent at 6,156 points after a muted day of trading. The FTSE 250 index of slightly smaller companies finished the day 0.95 per cent lower. It came [...]
FTSE 100 and US stocks drop on economy warnings July 7, 2020 The FTSE 100 and US stocks have fallen as investors weigh persistent worries about the economy against countries’ moves to reopen after lengthy coronavirus lockdowns. London’s blue-chip index was 1.6 per cent lower this afternoon, at 6,187 points. It rose more than two per cent yesterday after Chinese shares rallied more than five per cent. [...]