Tag: firms

Coronavirus: UK government draws up plan to rescue key firms

Image copyright Getty Images The UK government has indicated it is prepared to rescue large British companies severely impacted by the coronavirus crisis. The bailout plan, named “Project Birch”, was mentioned by Transport Secretary Grant Shapps in Parliament last week when discussing the future of the aviation industry. The state could also take stakes in companies, reports the Financial Times.… Read more →

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Coronavirus: Coach firms facing ‘impossible choices’

Image caption Andy McDade says it’s going to be incredibly difficult for the coach industry to survive Andy McDade, who runs a Lanarkshire coach firm established by his father almost 40 years ago, says surviving the winter is going to be incredibly difficult. McDade’s Coaches, like many similar firms across Scotland, is facing “almost impossible choices” as it struggles to… Read more →

Coronavirus: Social distancing grant needed for small firms

Image copyright Getty Images Image caption The Welsh Government said it was doing all it could to support businesses Small businesses need government cash to help staff to socially distance during the pandemic, an employers’ group has said. By law, companies in Wales must make sure staff can follow the two-metre rule during the restrictions. But the Federation of Small… Read more →

Coronavirus: How African firms are being impacted by the lockdown

Image caption Workers making hand sanitisers at Premier Distilleries in Uganda Although the transmission rate for coronavirus in Africa has so far been much slower than in Europe, the economic effects are still being felt. Measures put in place to limit the spread of the virus have disrupted economic activity in many nations. Small businesses that import items from countries… Read more →

Stressed firms look for better ways to source products

Image copyright Onduline Image caption Onduline products are sold in more than 100 countries Maxime Firth’s business is complicated to manage, even in good times. His company, Onduline, turns recycled fibres into roofing material, after dousing them with bitumen to make them waterproof, and sells products in 100 countries. Its eight production plants span from Nizhny Novgorod in Russia and… Read more →