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All articles by Finn Scott-Delany – Page 53
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NewsMajority of companies face diminishing cash pile
A large number of companies are in danger of running out of money within weeks, according to a survey by the British Chambers of Commerce. The survey found 62% of companies polled late last month said that they had enough cash to keep them going for the next three months ...
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NewsChancellor to overhaul SME loan scheme
The chancellor is set to overhaul his emergency aid scheme for small businesses (SMEs) as companies struggle to access crisis funds, Sky News reports.
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Landlords must cancel rent to ensure a future for sector - Pure
Landlords have to realise “we are all in it together” and offer operators rent-free periods, Pure CEO Spencer Craig has told MCA.
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NewsHonest redeploys staff to retail and care sectors
Honest Burgers has created a scheme to allow furloughed members staff to be seconded to other businesses, particular in retail and care.
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NewsSt Austell safeguards all 2,000 staff
St Austell Brewery has put more than 75% of its staff on furlough, protecting all 2,000 jobs.
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NewsHammerson collects 37% of billed rent
Hammerson, the property and development company, has received 37% of UK rent billed as of the end of 27 March.
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NewsPizza Hut leads donations for Deliveroo NHS appeal
Pizza Hut is leading donations towards a Deliveroo appeal to give 500,000 meals to NHS workers.
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NewsBoxparks shuts down delivery operation
Boxpark has completely shut all of its sites, with tenants still operating as a delivery service to cease trading.
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NewsLandlords threaten winding up orders over unpaid rent
UK landlords are threatening legal action against hospitality operators after many withheld rent to preserve cash during the lockdown, the Financial Times reports.
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NewsDirectors protected against trading while insolvent
The UK government has announced changes to insolvency laws to prevent company directors being accused of wrongful trading.
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NewsHoward Kennedy: Rules of ‘financial Darwinism’ no longer apply
Unprecedented is a word that’s been used so much in the past few weeks it’s lost of much its intended impact. Yet it’s a reasonable claim from Chancellor Rishi Sunak that the package of emergency measures he introduced last week were indeed without precedent, not only for a Conservative government, ...
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NewsCarluccio’s on the verge administration
Carluccio’s is on the verge of administration, it emerged this evening.
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NewsCity Pub Co raises £15m after share placing
City Pub Group has raised £15m from existing shareholders and other institutional investors this morning after placing 30m of new ordinary shares.
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NewsGreene King confirms pay and furlough for all 38,000 staff
Greene King has confirmed pay and furlough arrangements for its 38,000 team members while its pubs remain closed due to coronavirus.
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NewsPizza Hut Restaurants: ‘We are providing a service to the community’
Pizza Hut Restaurants CEO Jens Hofma has told MCA keeping 48 restaurants operating as delivery-only kitchens was the “right thing to do”, by helping ease the pressure on supermarkets and feeding those in need.
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NewsRoadchef closes restaurants, puts staff on furlough
Roadchef has now closed all its restaurant units and put 1,000 staff on furlough.
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NewsShepherd Neame puts 85% of staff on leave
Shepherd Neame is putting the majority of its staff on temporary leave while asked those remaining to take pay cuts.
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NewsByron hires KPMG to access emergency funding
Byron has hired KPMG to explore options for accessing emergency funding and to shore up its balance sheet, Sky News reports.
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NewsBritish Land releases small tenants from rental obligations
British Land has released its smaller retail, food & beverage and leisure tenants from their rental obligations for three months (April to June).
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NewsJDW agrees to pay furloughed staff
JD Wetherspoon has reversed a decision to withhold staff pay until a government rescue package kicks in.