Almost two thirds of companies plan to cut investment spending over the next three years as they look ahead to a slow recovery that will delay almost half from clawing back pre-Covid-19 levels of sales before next summer.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Maskey agrees national retail deal with WHSmith
Maskey – the brand behind the UK’s first mask vending machines – has signed a deal with leading British retailer WHSmith to stock its individual fashionable face coverings on the shelves of hundreds of outlets on high streets and in train stations, airports and hospitals.
3,500 jobs could be created at UK’s first battery ‘gigafactory’ in Wales
The country’s first so-called battery “gigafactory” has moved a step closer after a site in South Wales was identified as the preferred location.
Boris Johnson hopes for Christmas ‘normality’ as details of of swift lockdowns are revealed
Swift local lockdowns – including the shutting down of businesses, cancellation of events and restrictions on travel to certain areas – will aim to control future COVID-19 outbreaks.
Zizzi and Ask Italian set to close 75 restaurants, putting 1,200 jobs at risk
Zizzi and Ask Italian are set to permanently close 75 of their restaurants, putting up to 1,200 jobs at risk.
Insurers at the High Court for ruling on refusal to pay business interruption Covid claims
Over 370,000 businesses will learn if they will receive payouts for damage to their business from coronavirus as a result of a court case starting today.
Queen’s property group offers to share tenants trading pain with rent deals
The Crown Estate, dubbed the Queen’s property group because its income supports the royal family, has offered to share the pain of plunging footfall with its tenants.
UK banks will have to flag up plans to shut branches or cash machines
Banks and building societies will have to alert regulators if they plan to close branches or cash machines and must prove they considered the impact on consumer access to cash, according to rules proposed by the City regulator.
Next in final stages of buying UK arm of Victoria’s Secret
Next is finalising a deal to take on the UK arm of the lingerie brand Victoria’s Secret, which fell into administration last month.
England yet to embrace reopened restaurants and pubs
People have not embraced an easing of lockdown restrictions in England’s pubs, bars and restaurants, according to figures that showed a drop in sales of about 40% among venues that opened their doors at the beginning of the month.
Banks fear wave of bad debt amid rising demand for loans
The demand for loans is expected to increase just as banks slow down their lending and prepare for a wave of bad debts, according to a Bank of England survey.
Businesses are back from lockdown, but customers are staying away
The economy is returning to normal only gradually and business costs are rising, an analysis by the Office for National Statistics shows.
Pizza Express set to close upto 94 of its 470 UK restaurants
Pizza Express is planning on closing around 75 of its 470 UK restaurants, reports suggest.
Britain’s kitchen tables are generating more than £37 Billion towards the British economy
The home kitchen and dining area have become the most lucrative money making locations in Britain, that combined are generating £37.4 billion to the British economy during lockdown – that’s being coined as ‘Kitchen Table Talent’.
Pizza Express faces restaurant closures as chain set to be taken over by bondholders
Pizza Express is set to be taken over by its bondholders, with the possibility of restaurant closures as the high street chain struggles with the loss of revenues during the coronavirus pandemic.