Gambling firm 888 Holdings pushes ahead with plans despite coronavirus crisis April 15, 2020 Gambling firm 888 Holdings will push ahead with its growth plans this year despite the uncertainty caused by the coronavirus pandemic, the company said as it published its full-year results. The figures Revenue was up four per cent to $560.3m last year but profit before tax fell from $108.7m to $45.3m. Adjusted earnings before interest, [...]
UK retail footfall dives to lowest level on record after coronavirus lockdown April 15, 2020 UK retail footfall fell to the lowest level on record last month after the government ordered all non-essential stores to close during the coronavirus lockdown. Footfall plunged 41.3 per cent in March compared to the previous year, the latest data showed, driven by a drop of 81.4 per cent in the final week of the [...]
Coronavirus: John Lewis launches virtual services April 14, 2020 John Lewis has launched a platform to provide its in-store services, such as decorating and style advice, online while its stores are closed during the UK coronavirus lockdown. The department store said it will offer virtual nursery, home design and style advice through video calls with customers. John Lewis is currently unable to provide the [...]
Coronavirus: Oasis and Warehouse on the brink of collapse April 14, 2020 High street retailers Oasis and Warehouse are reportedly on the brink of collapsing into administration, putting more than 2,000 jobs at risk. The fashion chains are set to appoint Deloitte as administrator as soon as this afternoon or tomorrow, Sky News reported, making them the latest casualty of the coronavirus crisis. The Oasis and Warehouse [...]
Hix Restaurants appoints administrators amid coronavirus crisis April 14, 2020 Chef Mark Hix has appointed administrators to his restaurant and hotel business due to the financial impact of the coronavirus crisis. Deloitte has been appointed as administrator to WSH and Mark Hix Restaurants, according to the company’s website. All staff have been made redundant and were not able to be paid through the government’s coronavirus [...]
Ticketmaster sparks controversy with coronavirus refund policy April 14, 2020 Furious fans have hit out at Ticketmaster after the website seemingly changed its refund policy to only cover events that have been cancelled due to coronavirus. The ticketing site previously allowed customers to claim a refund if an event had been cancelled, postponed or rescheduled. But Ticketmaster appears to have quietly altered its terms to [...]
Moss Bros delays full-year results amid coronavirus crisis April 14, 2020 Menswear retailer Moss Bros has delayed the publication of its full year results due to the coronavirus pandemic. The company announced this morning that it will postpone its financial results for the year ending 25 January until late July. It had previously planned to publish its accounts in late May. Financial regulators said last month [...]
Next resumes online trading after increasing coronavirus safety measures April 14, 2020 Fashion retailer Next has reopened its online shop after implementing new measures to make its warehouse operations safer for workers during the coronavirus crisis. The company has limited the number of online sales it will take each day, in order to reduce the number of workers needed to process orders. Next has already reached the [...]
Revolution Bars shares jump on coronavirus debt facility extension April 14, 2020 Shares in Revolution Bars jumped more than 14 per cent this morning as the bar chain announced an extension to its borrowing limits during the coronavirus pandemic. The company, which has furloughed 98 per cent of its workforce, also announced that its chief executive, finance chief and non-executive directors will take a 50 per cent [...]
Businesses still waiting on £10bn of coronavirus grants April 13, 2020 Thousands of UK businesses are still waiting for £10bn of government grants to be handed over as calls grow louder for the Treasury to expand its set of coronavirus relief measures. Figures from the Local Government Authority show that £1bn of grants have been awarded to 100,000 small businesses, but that many more are still [...]