By trademarking her brand, Greta Thunberg has turned identity marketing on its head March 23, 2020 Greta Thunberg’s recent announcement that she had trademarked her name and the phrase that carried her global movement may have seemed an odd choice for a young activist so opposed to the status quo of capitalism. But this is in fact a savvy and necessary move to protect her message. The phrase is “skolstrejk for [...]
Government launches £330bn coronavirus business loan scheme March 23, 2020 The government has launched the first stage of a £330bn loan guarantee scheme for businesses, to help small and medium-sized firms borrow up to £5m to help them weather the impact of coronavirus. “Any viable business” with a turnover of up to £45m will be able to apply to banks for an 12-month interest-free loan, [...]
The fundamental strengths of London will help us to recover, as we have done before March 23, 2020 In times of crisis such as these, we often see the very best in one another. This is being vividly demonstrated across the City by the spirit of community, resilience and support which is so evident as we respond together to the threat of Covid-19. We have seen difficult times before and have come through [...]
Deal or no deal? How coronavirus is impacting M&A March 22, 2020 Deal advisers say they fear the coronavirus crisis could stop M&A in its tracks in the UK, but predict a wave of distressed deals in the coming weeks as struggling businesses are picked up and companies band together to try and ride out the economic shutdown. KPMG’s head of deal advisory in the UK Liz [...]
City of London Corporation asks Square Mile to donate to coronavirus fund March 22, 2020 The City of London Corporation has urged Square Mile firms to donate money to help organisations dealing with the fallout from the coronavirus pandemic. The London Communities Response Fund was set up by the Corporation and the Greater London Authority to provide money for “organisations facing immediate financial pressures and uncertainty because of the coronavirus”. [...]
Coronavirus: What does the chancellor’s support mean for businesses and employees? March 22, 2020 The Chancellor Rishi Sunak announced an unprecedented package of measures on Friday to support businesses and employers coping with the economic shock of coronavirus. What is available to companies and employees? How do they access this support? And where are the gaps in provision? Coronavirus business interruption loan scheme Focused on smaller businesses with a [...]
Deutsche Bank warns of material impact from coronavirus pandemic March 20, 2020 Deutsche Bank has warned that the economic fallout from the coronavirus pandemic may affect its ability to meet financial targets as the lender undergoes a radial overhaul following years of losses. The warning is the first time Germany’s largest bank has publicly expressed concerns over the impact of the outbreak, which has disrupted Deutsche’s operations [...]
M&A in the UK falls a third on coronavirus and recession fears March 20, 2020 Dealmaking in the UK fell off a cliff this month with outbound M&A dropping to a seven-year low, as activity slowed amid the coronavirus outbreak. The global pandemic has sent markets into a frenzy, fuelling fears of severe damage to the economy and forcing central banks to take drastic emergency stimulus measures since the financial [...]
FTSE 100 climbs as global markets rally on unprecedented stimulus measures March 20, 2020 The FTSE 100 has climbed back into the green as investors eyed a fresh wave of government support for companies coming under financial strain due to the coronavirus pandemic. The blue chip index added over five per cent just after the open but then pared back gains to stand at just over one per cent [...]
Coronavirus: Jaguar Land Rover halts production at all UK plants March 20, 2020 Britain’s largest car manufacturer Jaguar Land Rover is to suspend all production at its UK production plants from next week in an effort to minimise the spread of Covid-19. The Coventry-based automotive firm, which has plants in Solihull, Bromwich and Halewood, said manufacturing would resume on 20 April, “subject to review of the rapidly-changing circumstances.” [...]