Coronavirus

FCA asks companies to delay preliminary financial accounts

The Financial Conduct Authority (FCA) has requested companies which were due to issue its preliminary trading updates in the next…

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John Lewis stores to close for first time in 155 years

John Lewis Partnership has announced the temporary closure of all John Lewis stores in light of the coronavirus pandemic. All…

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Covid-19: Government to pay 80% of salary to staff unable to work

Chancellor Sunak Rishi has said the government will pay 80% of wages to employees who aren’t able to work due…

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Harrods to close amid coronavirus chaos

World-famous department store Harrods is to close its doors this evening (23 March) due to the coronavirus pandemic. It said…

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Frasers Group issues profit warning and drops FY20 guidance amid Covid-19

Mike Ashley’s Frasers Group has issued a profit warning after revealing its board expects Covid-19 to cause a “significant disruption”…

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TK Maxx closes UK stores amid Covid-19 virus outbreak

Discount store TK Maxx has become the latest retailer to take the decision to temporarily close its stores amid the…

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Government tells supermarkets to ‘join forces’

The Department for Environment, Food and Rural Affairs (DEFRA) has told supermarkets to “join forces” as the coronavirus crisis unfolds.…

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Huge increase in online sales across Italy offers hope for struggling retailers in the UK and Ireland

Global financial markets continue to suffer from the impact of coronavirus, with economists predicting the slowest rate of global growth…

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Next warns on coronavirus despite full-year sales growth

Fashion retailer Next has warned that sales could plummet in the coming weeks and months as the UK battles the…

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New bank of England boss promises fresh measures to fight Covid-19

The new Bank of England boss, Andrew Bailey, has promised a fresh set of measures to help fight the economic…

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