Exclusive: London pubs, restaurants and hotels to claim almost £200m in restart grants March 8, 2021 London pubs, restaurants and hotels are set to receive almost £200m in extra government grants to help them reopen after the latest coronavirus lockdown. Around 13,000 hospitality businesses across the capital will be eligible to claim £184.2m in the restart grants, City A.M. can reveal. Research by real estate adviser Altus Group showed 3,632 pubs [...]
Deliveroo offers share hungry investors access to £50m ahead of IPO March 7, 2021 Deliveroo will make £50m of shares available to its customers in its forthcoming IPO as part of a community offer. From tomorrow, any Deliveroo customer who has placed an order with the takeaway service will be able to register their interest in applying for shares in any future floatation via their app. This means that [...]
Mother’s Day gifts: Make 2021 a lockdown to remember March 6, 2021 As the first mother’s day under lockdown rapidly approaches, this year it’s more important than ever to get your gift just right. This year we have focused on the amazing food options you can lavish upon your wonderful mother – or you could even buy two and eat them together over a nice, long Zoom [...]
Screenshot: Will nightclubs really reopen in June? March 5, 2021 This week: **Media Moment of the Week: Telly’s still got welly **Will nightclubs really reopen on 21 June? **The BBC turns back time Media Moment of the Week: Telly’s still got welly In the age of Silicon Valley streaming giants and relentless references to “content” and “eyeballs”, it’s easy to forget that TV can, sometimes, [...]
Test and Trace to receive extra £15bn, bringing total funding to £37bn March 4, 2021 The Test and Trace scheme is set to receive an extra £15bn, bringing its total funding over two years to £37bn. The contact tracing scheme, which has been awarded £22bn so far, will receive a further £15bn over the next financial year. The new figures were first revealed by the Huffington Post. It also revealed [...]
Coming 2 America: Eddie Murphy sequel is past its best March 4, 2021 COVID may have scuppered many studios’ plans, but Paramount Pictures made the best of unforeseen circumstances, selling many titles to streaming services including comedy sequel Coming 2 America. The follow up to the 1988 Eddie Murphy hit was purchased by Amazon for a reported $125m, believed to be a record for streaming rights. A sequel [...]
Pubs without beer gardens to serve pints in car parks from April March 4, 2021 Pubs without beer gardens will be able to serve takeaway pints in car parks when restrictions are eased in April, the government has confirmed. Licensing rules for pubs, bars, cafes and restaurants were simplified last summer to make it easier for businesses to reopen in line with Covid guidelines after England’s first nationwide lockdown. The Ministry of Housing, [...]
B&M ups earning expectations after strong lockdown trading March 4, 2021 Discount retailer B&M this morning upped its earnings expectations following a strong performance during the latest coronavirus lockdown. The chain said earnings before interest, tax, depreciation and amortisation (EBITDA) for this financial year will be between £590m to £620m. The latest forecast accounts for the voluntary payment of business rates, amounting to around £80m. It [...]
Before the Bell: Sunak’s Budget aims to boost GDP, the pain comes later March 4, 2021 Although yesterday’s UK Budget was generally well received in the international markets, with the fiscal taps to be left fully open until December, the British Pound did rally. With the major decisions pre-announced earlier this week, a big equity market reaction to the Budget speech was unlikely anyway. In addition to the extension of Covid-19 specific support, [...]
Budget 2021: Pubs, restaurants and retailers toast Sunak’s announcement but warn of gaps in support March 3, 2021 The hospitality and retail sectors have welcomed the Chancellor’s extended support for pubs, restaurants, shops and salons, but said more could be done to encourage consumers back to the high street after lockdown. Rishi Sunak this afternoon announced measures including a business rates holiday extension, new “restart” grants, a VAT cut extension and a beer [...]