Business Matters
- Government support is ‘essential’ for struggling UK economy October 30, 2020The International Monetary Fund (IMF) has said continuing government support is "essential" for the struggling UK economy to recover. Read more: Government support is ‘essential’ for struggling UK economy
- Lloyds profits rise as UKs largest lender cashes in on mortgage boom October 30, 2020The UK’s largest mortgage lender, Lloyds Banking Group, has reported stronger-than-expected profits after cashing in on a surge in demand for home loans. Read more: Lloyds profits rise as UKs largest lender cashes in on mortgage boom
- Amazon third-quarter earnings soar as pandemic sales triple profits October 30, 2020Amazon reported blowout third-quarter results on Thursday as a pandemic sales boost helped the company triple its profits amid a 37% increase in earnings. Read more: Amazon third-quarter earnings soar as pandemic sales triple profits
- A post-Covid economy must offer tools to help enterprises flourish October 30, 2020Government schemes, like startup loans and help for self-employed, crucial for tackling UK unemployment in the battle against Covid-19 Read more: A post-Covid economy must offer tools to help enterprises flourish
- Pizza Express to axe a further 1,300 jobs in latest cuts October 30, 2020Pizza Express is to axe a further 1,300 jobs in a new round of cost-cutting as the chain braces for tough winter trading under a second wave of the coronavirus pandemic. Read more: Pizza Express to axe a further 1,300 jobs in latest cuts
- Lockdown sales boom puts model railway-maker Hornby back on track October 30, 2020Toymaker Hornby, owner of the model railway brand, posted a 33% jump in sales in the six months to September, as coronavirus lockdowns persuaded many families to focus on their hobbies. Read more: Lockdown sales boom puts model railway-maker Hornby back on track
- ‘Get Britain moving’ plea after Heathrow loses travel crown to Paris October 29, 2020Business leaders have urged the government to end the stagnation in British air travel after Heathrow lost its crown to its Parisian rival as the airport that handles the greatest number of passengers in Europe. Read more: ‘Get Britain moving’ plea after Heathrow loses travel crown to Paris
- Over 500,000 UK firms are in ‘Significant distress’ October 29, 2020More than half a million businesses are in “significant distress” because of the pandemic, according to research. Read more: Over 500,000 UK firms are in ‘Significant distress’
- Covid has devastated UK pub industry, says Camra October 29, 2020Coronavirus has had a “devastating” impact on the UK’s pubs and will exacerbate the decline in the number of independent breweries – for the first time in nearly two decades – an influential consumer guide has warned. Read more: Covid has devastated UK pub industry, says Camra
- Furloughed ethnic minorities and young hit hardest by job losses October 29, 2020One in five ethnic minority workers and a similar number of young people who were furloughed during the first coronavirus lockdown have since lost their jobs, according to a report. Read more: Furloughed ethnic minorities and young hit hardest by job losses