Tag: firms

Help needed for one in 10 Londoners in West End firms, mayor says

Image copyright EPA Image caption Figures show footfall in London’s West End is currently 63% lower than at this time last year Businesses in London’s West End need “urgent support” from the government to survive the pandemic, Sadiq Khan says. In a letter to the prime minister, the Labour mayor said the area was the “UK’s economic and cultural powerhouse”… Read more →

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Tokyo Olympics postponement leaves UK firms in limbo

Image copyright Getty Images Image caption With the Tokyo Olympics delayed to 2021 due to Covid-19, UK firms have seen their plans disrupted The world of sport has been severely disrupted by Covid-19, with headlines highlighting everything from cancelled events and empty stadiums, to athlete health and spectator safety. But the pandemic has also had a huge knock-on effect on… Read more →

UK firms still operating at half pre-virus capacity, says BCC

Image copyright Getty Images Firms are still operating at about half of their pre-virus capacity, with the economy still “in first gear,” the British Chambers of Commerce says. The BCC’s coronavirus impact tracker – billed as the largest business survey of its type – found that on average, companies were at 53% of capacity. Half of firms cited consumer demand… Read more →

Caution means mass return to work unlikely, say firms

Image copyright Getty Images Businesses remain cautious about the latest lockdown easing for England, and warn that any mass return to work immediately was unlikely. The British Chambers of Commerce said companies still needed “crystal-clear official guidance” on a safety. And the Institute of Directors said “there is a significant amount of caution out there” in the country. New guidelines… Read more →

Coronavirus: Package holiday firms told to sharpen up on refunds

Image copyright Reuters Image caption Resorts are now welcoming back British tourists More than 100 holiday companies have been told to speed up their refunds policy for coronavirus cancellations. The Competition and Markets Authority (CMA) has received more than 17,500 complaints from people whose holidays have been hit by the virus. In an open letter from the CMA, companies have… Read more →

US firms create record 4.8 million jobs in June

Image copyright Getty Images The US economy created jobs at a record pace in June as firms took on more staff after the coronavirus downturn. Payrolls surged 4.8 million, the most since the Labor Department began keeping records in 1939, helped by the reopening of factories and restaurants. It follows May’s jobs rebound, when 2.5 million joined the labour market,… Read more →