Consumer spending bounces in January but high street woes continue February 11, 2020 Brits ramped up their spending in January after a thrifty December, according to new data, in the latest sign that the UK economy may have bounced back at the start of 2020. Consumer spending grew 3.9 per cent in January, data from payment provider Barclaycard showed today, up from the one per cent growth witnessed [...]
FTSE 100 falls and US stocks mixed as coronavirus cases rise October 27, 2020 The FTSE 100 fell in afternoon trading after a choppy morning session, while US stocks were mixed amid rising coronavirus cases and some worrying economic data. London’s main stock index was last down 0.8 per cent at 5,745 points, having also fallen yesterday. Read more:HSBC to overhaul business model and accelerate plan to slash costs [...]
Business groups warn London lockdown would ‘crumble’ capital as mayor calls for support October 15, 2020 A London lockdown would “crumble” businesses and turn the capital into a “ghost town”, leading business bodies have warned City A.M, as fresh restrictions are likely to be imposed on the city in the next few days.
Coronavirus pandemic ‘worse than financial crisis’ for UK retail sector April 28, 2020 The impact of the coronavirus pandemic on the high street has been worse than the aftermath of the financial crisis, experts said as UK retail health plunged to record lows. The retail health index by KPMG and Ipsos fell three points to 71 in the first quarter of the year – a new record low. [...]
Before the bell: Quiet start for Europe as all eyes are on US data November 25, 2020 It was another bullish day for global stock markets yesterday as sentiment was lifted by the vaccine hopes as well as the prospect of President Trump departing from his role in January in a calm and measured manner. The update on Monday from AstraZeneca-Oxford University that its potential Covid-19 vaccine has made great progress in [...]
IATA calls UK’s Spain travel quarantine a ‘big setback’ to recovery July 27, 2020 Global aviation body the International Air Transport Association (IATA) has criticised the UK’s decision to reimpose a mandatory quarantine on travellers from Spain, saying the decision falls “short of the mark”. Yesterday ministers took a snap decision to reinstate the 14-day self-isolation rules for the Iberian country due to a surge in new coronavirus cases. [...]
Uber Eats orders skyrocket 160 per cent in lockdown June 29, 2020 Orders on Uber Eats have jumped significantly since lockdown began, rising by over 160 per cent as the UK turned to food delivery apps to replace the high street. The number of new restaurants on Uber Eats’ UK platform has almost doubled in the last four months to a total of 17,000, as smaller independent [...]
How managed services can help your business accelerate into the future September 2, 2020 As businesses across the UK pursue economic recovery the ability to think differently is critical. Managed services can be part of the solution. The health and economic impacts of COVID-19 continue to be felt all over the world. The pandemic has disrupted business-as-usual, with challenges for supply chains, government-mandated shutdowns and changing consumer behaviour. While no-one [...]
Rishi Sunak’s mini-Budget: Everything the chancellor announced July 8, 2020 Rishi Sunak has announced a wave of sweeping measures to kickstart the UK economy in his mini-Budget – here’s what they are. Announcing his Summer Statement in the Commons today, Sunak pledged to pause stamp duty, boost hiring, slash VAT, and introduce “eating out” vouchers for every person in the UK. “Despite the extraordinary support [...]
NHS Test and Trace missed almost 140,000 Covid contacts last week November 26, 2020 England’s beleaguered Test and Trace system failed to reach 40 per cent of people who came into contact with coronavirus last week, meaning almost 140,000 people required to self-isolate did not do so. Figures released today by the Department for Health and Social Care showed that NHS Test and Trace only managed to tell 60.3 [...]