Pandemic

Next warns of ‘faster and steeper’ hit to sales amid Covid-19 crisis

Retail giant Next has revealed the impact of the Covid-19 lockdown on trading has been “faster and steeper” than anticipated…

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Former Sainsbury’s exec set to head Waitrose 

The John Lewis Partnership is poised to appoint a former Sainsbury’s executive to head up its food operations at Waitrose…

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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…

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Tesco begins laying off some of its 45,000 temporary workers

Supermarket giant Tesco has reportedly begun laying off some of the 45,000 temporary workers it hired to help meet the…

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Furlough – what next?

The Government’s Job Retention Scheme was set up urgently to support employers and protect employees during lockdown. Such state intervention,…

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Marks and Spencer suspends dividends, secures funding

Marks and Spencer has announced it will not pay a dividend for the 2020/21 financial year in its latest effort…

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UK economy not expected to recover until 2023, study suggests

The UK’s economy is not expected to return to normal until 2023 due to the coronavirus pandemic, according to a…

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Chancellor announces 100% guarantee on small business loans

Chancellor Rishi Sunak has announced the launch of a new ‘bounce back’ emergency loan scheme for small businesses, which will…

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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…

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JD Sports to delay full-year results

Sports fashion retailer JD Sports has revealed plans to delay its full-year results to 7 July 2020, as the Covid-19…

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