Business Bites
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Nov- 2022 -18 November
Retail news: whats happening in the industry?
In this article, we’ll share some of the top retail news stories from the past month. From new launches to spending trends, we’ll cover the most important topics that retail businesses should be aware of. What are the latest trends in retail? How can brands keep up with the competition?…
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Jan- 2021 -25 January
Five retailers who excelled during the Christmas season
Asos Asos has gone from strength to strength in the past few years with this year being no different. Over the peak festive season it saw its sales increase by 23% to £1.32bn from £1.074bn the previous year, which the group claimed was due to support by investors who…
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May- 2020 -1 May
Are we beginning to re-open anyway?
The PM says he will soon announce the reopening plan after weeks of compulsory lockdown for the UKs public and its businesses. Boris Johnson is under pressure to come up with the blueprint for restarting the economy as the list of suffering firms grows larger and more and more redundancies…
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Apr- 2020 -30 April
Coronavirus treatment hopes push stock markets up, and ‘Spoons to reopen in June
Investors are chirpy this morning amid hopes of a new coronavirus treatment that has been described as promising by the USA’s top infectious disease official, Dr Anthony Fauci. The experimental drug, called remdesivir, is produced by an American biopharmaceutical firm called Gilead Sciences, and is reckoned by US regulators to…
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29 April
The aviation industry is now in very serious trouble
In a sign of just how distressed the aviation industry is, British Airways has announced plans to lay off 30% of its workforce, or about 12,000 employees, and says it expects it to take several years before passenger volumes return to 2019 levels. The chief executive, Alex Cruz, wrote to…
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28 April
Job support to be wound down, M&S dividend suspended, ventilator production slows, property market halts
Chancellor Rishi Sunack says he will wean the economy off his support schemes in a “gradual” wind-down, to help prevent soaring unemployment on ‘expiration day’. His announcement, made to MPs, came in response to concerns that a definite cut-off date would produce an explosion in redundancies and layoffs. Currently, the…
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27 April
Lockdown to persist says Johnson, clergy weigh in on behaviour of corona-corporations
The PM is back at his desk and says the lockdown must continue for the foreseeable future, and it would be premature to consider lifting now. After having been struck down with COVID-19 himself – and ending up in intensive care – the premier has finally convalesced and spoke from…
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24 April
Retail landlords reined in, France gets touch on tax havens, and insurers face biggest ever payouts
The government has banned landlords from using winding-up orders against their retail tenants, after aggressive rent collection tactics which threaten the future of retail businesses came to light. Tens of thousands of businesses in both retail and hospitality have found themselves unable to keep up with their rent during the…
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23 April
Scarves for face-masks will be part of the government’s post-pandemic advice
The government will advise the use of homemade facemasks once the pandemic measures are sufficiently relaxed for people to go back to work. As it tries to make sure that surgical-grade personal protective equipment (PPE) does not face supply issues for NHS workers, the government said scarves or ‘homemade cloth…
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22 April
Will there be coronavirus help for small company directors who are paid by dividend?
The financial plight of limited company directors has been raised by the Tory chairman of the Treasury select committee. Mel Stride, a former Treasury minister, said chancellor Rishi Sunak needs to view company directors as a tranche of people who have ‘slipped through the net’ of all the other largesse…
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