‘West End productions cannot survive under social distancing’ warn theatres June 15, 2021 The four-week delay to easing lockdown restrictions will have “serious implications” for many theatres, with large-scale commercial productions at most serious risk, the industry has warned. On Monday evening the government postponed plans to fully re-open society on 21 June amid a sharp rise in cases of the more transmissible Delta variant, which was first [...]
Boohoo takes tough stance on suppliers following Leicester factory scandal June 15, 2021 Boohoo has taken a tough stance with its suppliers that includes removing them from the online retailer’s supply chain list if an alert is raised about them. Boohoo has set up a sub-committee of its Supply Chain Compliance Committee that will focus on the financial practices of the businesses and now requires suppliers to have [...]
Ashtead ‘returns to growth’ with lofty shares up 143 per cent in final quarter June 15, 2021 Equipment rental group Ashtead ‘returns to growth’ with lofty shares in the final quarter after a rocky year, with its total revenue up 23 per cent to £1.27bn. Revenue raked in from rentals alone racked up to around £1bn, up 15 per cent in the three months to 30 April. While operating profits were down [...]
Troubled hospitality operators face rent debt pile of £5bn and business rates payments June 15, 2021 Troubled hospitality operators are facing billions of pounds in rent debt and business rates payments after the Government decided not to extend financial support measures. Trade groups have called for an extension to the rent moratorium, business rates holiday and furlough support after the Prime Minister said that the further easing of lockdown restrictions will [...]
In centralised finance we distrust June 15, 2021 Dr Chris Kacher reflects on the history books and explains his use of metrics as a buying guide to Bitcoin.
Coronavirus lockdowns turn UK’s Mindful Chef profitable June 15, 2021 The healthy recipe box service has been a pandemic winner, with locked-down customers driving sales up threefold to £53m last year. Mindful Chef today reported it is profitable for the first time, with 2020 sales figures up 230 per cent on 2019, buoyed by the pandemic shift to online food delivery. Customers for the Nestle [...]
Ranked: London constituencies have highest demand for Covid borrowing in UK June 15, 2021 London constituencies make up the top four UK regions which have seen the highest demand for Covid support loans, according to a new study. Business Rescue Expert collated the amount each devolved UK constituency has borrowed under the Bounce Back Loan Scheme (BBLS) and the Coronavirus Business Interruption Loan Scheme (CBILS). The City tops the [...]
Queen’s Birthday Honours list recognises four City Corporation figures June 15, 2021 A City of London Corporation Member, a transport expert and leaders in the charity and education sectors have been recognised in the Queen’s Birthday Honours. The four will receive awards for their work supporting communities in the Square Mile and across London, including during the COVID-19 crisis. Henry Jones, who has represented Portsoken ward on [...]
First summer post-Brexit: Panic among desperate UK farmers as hundreds of thousands of fruit pickers stay away June 15, 2021 Farmers across the UK are in panic mode as the busiest season of the year is about to start but they are faced with a shortage of hundreds of thousands of European workers. In fact, there is such a “massive whole” in the number of available fruit and vegetable pickers that it is putting farmers [...]
London calls for more support for businesses as ‘Freedom day’ pushed back June 14, 2021 London’s businesses and politicians have called for more financial support after Boris Johnson delayed the end of the Covid-19 restrictions for four weeks. Speaking at a press conference this evening, the Prime Minister said that 19 July was the new “terminus” date for the restrictions. However, despite advance calls from various sectors for extra support, [...]