Coronavirus

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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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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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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Homebase reopens 20 stores

DIY retailer Homebase has revealed it has reopened 20 of its stores across the UK after it was deemed an…

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BRC issues new guidance on re-opening stores

The British Retail Consortium (BRC) has issued new guidance for shops regarding procedures to maintain when businesses re-open following the…

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Co-op expects £200m increase in costs amid Covid-19 crisis

The Co-op has warned that the Covid-19 pandemic is expected to increase its costs by over £200m. The grocery retailer…

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Government introduces new measures to protect high street

The business secretary has announced a new set of measures that will be introduced to protect high street businesses “under…

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One in six shopworkers abused daily during pandemic, says Usdaw

Shopworkers’ trade union Usdaw has released statistics revealing one in six shop workers have suffered abuse on every shift, during…

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