Tag: sees

Asia sees first regional recession in 60 years

Image copyright Getty Images The Asian Development Bank (ADB) says the Covid-19 pandemic has pulled the region’s developing economies into recession. It is the first time in six decades that “developing Asia” – a designation that includes 45 countries – has seen a regional slump. The ADB says developing Asia’s economy will shrink by 0.7% in 2020. But the region… Read more →

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Rolls-Royce sees demand for luxury cars rebound

Image copyright Reuters Image caption Torsten Müller-Ötvös said business was back to “far more normal” levels The boss of carmaker Rolls-Royce has said global demand for luxury vehicles is rebounding despite the pandemic. Chief executive Torsten Müller-Ötvös told the BBC that markets in Asia, Europe and the US were now “more or less back to normal”. Mr Müller-Ötvös was speaking… Read more →

Co-ownership: Housing body sees threefold rise in demand

Image copyright Getty Images A housing association that helps people buy homes through shared ownership has received an almost threefold increase in applications over the past seven weeks. Co-Ownership usually deals with an average of 50 applications per week. However, since the beginning of July, it has processed about 1,000. Its director of customer services told BBC News NI the… Read more →

Sports Direct owner Frasers Group sees signs of ‘normality’ returning

Image copyright Reuters The owner of Sports Direct and House of Fraser says it is seeing “a semblance of normality” returning, but warned that further lockdowns remain a threat. Frasers Group said annual pre-tax profits sank 20% to £143.5m as lockdown store closures led to “the most challenging year” in its history. It also repeated its “frustration” over the problems… Read more →

Greggs sees ‘encouraging’ sales recovery

Image copyright Getty Images Bakery chain Greggs has said its sales have recovered to “encouraging” levels since it reopened shops in the wake of the coronavirus lockdown. It said sales were running at 72% of 2019’s level, with all but a handful of its 2,025 outlets now trading again. Although many people are still away from their workplaces, chief executive… Read more →

B&Q owner sees sales soar in lockdown DIY boom

Image copyright Getty Images Sales of paint, wallpaper, plants and compost have soared during lockdown, the owner of B&Q and Screwfix has said. Kingfisher said people had been doing more DIY than usual, as like-for-like sales jumped by 21.6% in the three months to 18 July. Store re-openings also boosted revenue, while online sales more than tripled. Kingfisher’s UK stores,… Read more →

Ubisoft: Sexual misconduct probe sees three senior heads resign

Image copyright Getty Images Image caption Ubisoft’s major presence at E3 2019 Three senior executives at game-maker Ubisoft have stepped down amid an investigation into sexual misconduct. The French company’s chief creative officer, Canadian studios head, and global HR chief had all left their roles, Ubisoft said. Ubisoft is a major player in the games industry, best known for the… Read more →

Sainsbury’s sees online sales soar during lockdown

Image copyright Getty Images The rapid roll-out of more online shopping capacity has helped Sainsbury’s to report soaring sales over the lockdown period. Online sales have more than doubled compared with last year as consumers shopped and ate at home. Overall, grocery sales were up 10.5%, including in-store and online shopping, but fuel and clothing sales were lower. The second… Read more →