Shares at British cinema chain Cineworld (LON:CINE) have been something of a horror show on Thursday, falling almost 7% as the firm reportedly considers launching a CVA amid ongoing financial difficulties. A CVA – an insolvency procedure common among businesses seeking to cut costs – would help to take the pressure off of Cineworld’s mounting […]

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High street coffee shop chain Caffé Nero has launched a Company Voluntary Agreement (CVA) amid a major restructuring drive as the firm battles to avoid job losses and store closures. The impact of the Covid-19 pandemic has reportedly “decimated trading”, and that despite surviving the first lockdown, the current firebreak has forced the chain to […]

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UK favourite sandwich shop Pret A Manger has told landlords it is in “the eye of the storm” as it faces losses of “tens of millions of pounds” due to the coronavirus pandemic and prepares to pay only 30% of its quarterly rent. In a letter sent to landlords this week, Pret chief executive Pano […]

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Property development and management company Watkin Jones (LON:WJG) reports its interim figures on Tuesday. These figures will provide an indication about how the move into private rental property development is progressing. Richard Simpson took over as chief executive of the AIM-quoted company during the interim results period. He had just taken charge when the 2017-18 […]

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Across the UK, rent prices have risen 1.3% to an average of £937, with Northern Ireland having seen the sharpest increase, up 4.5%. Such a dramatic trend looks set to continue across the board, with the 1% increase per annum soon expected to look like a fond memory. According to the Royal Institute of Chartered […]

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