Wetherspoons (LON: JDW) has reported a 27.6% fall in sales amid new Coronavirus restrictions. The pub-chain blamed the government for the new restrictions, which it said were “baffling and confusing”. Chairman Tim Martin called the rules, including the 10 pm curfew and use of face masks when moving inside pubs “a complete muddle.” “However, the […]

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New figures from the Office for National Statistics (ONS) have shown unemployment levels to reach a four-year high. As redundancies hit record highs, the UK’s unemployment level has jumped to 4.8% in the three months to September – the highest level since 2016. The ONS said: “For July to September 2020, an estimated 1.62 million […]

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John Lewis has announced plans to axe a further 1,500 head office jobs in an attempt to return to profit. The retailer said on Wednesday that it plans to cut the additional jobs as part of a target to annually save £300m. “Our partnership plan sets a course to create a thriving and sustainable business […]

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Primark owner Associated British Foods (LON: ABF) has posted a 60% drop in profits to £362m. The retailer saw a 24% fall in revenue in the year ended September 12, which was driven by store closures in the third quarter during the lockdown. Since reopening sales have recovered but are still down 12% in the […]

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Shoe Zone shares (LON: SHOE) plunged on Wednesday after the group a “challenging” second half of the year. Store trading since reopening in June has been -20% year on year whilst digital trading has broadly increased by 100% year on year. The retailer said it had been impacted by lockdown and continues to be hit […]

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United Carpets shares (LON: UCG) surged +15% on Monday’s opening after posting a 24% increase in sales for the 19 weeks to 1 October 2020. The specialist retail carpet and floor covering retailer said that despite no revenue generated during the eight weeks over lockdown, strong sales since have kept the group in a strong […]

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Yourgene Health Plc shares (LON: YGEN) plunged 11.54% on Monday’s opening bell after the group shared results for the half-year ended 30 September 2020. Revenues for the half-year were up 5% to £8.2m with “strong European revenues offsetting the headwinds from COVID-19 on international sales.” Impacts from the pandemic were offset by the strong UK […]

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React Group shares (LON: REAT) surged over 10% on Tuesday morning as the group released a trading update for the year ended 30 September 2020. The cleaning, hygiene, and decontamination company reported a 42% organic growth in revenue to approximately £4.4m – up from £3.1m. React Group said the growth in revenue was partly due […]

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Heathrow is now offering rapid Covid-19 testing for passengers flying from London to Hong Kong and Italy. Tests available at the airport will cost £80 and results will be made available within the hour and will be offered by British Airways, Virgin Atlantic, and Cathay Pacific. “Many other countries are already using testing to keep […]

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The FTSE 100 opened 1.6% soon after Thursday’s opening bell as Europe braces itself for tighter Coronavirus restrictions. The blue-chip index fell as concerns that London would have tighter restrictions introduced as soon as this week. Across Europe, Paris, Amsterdam, and Berlin have introduced curfews in a bid to fight rising infection rates. Northern Ireland […]

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Sareum Holdings shares (LON: SAR) plunged almost 10% after the group said it would find out this week whether it would receive grant funding for preliminary studies of a coronavirus anti-inflammatory. The small molecule therapeutics specialist is awaiting on the grant application, which is successful, the group can begin initial studies fatal respiratory symptoms of […]

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