All articles by Finn Scott-Delany – Page 51
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NewsHammerson collects 37% of billed rent
Hammerson, the property and development company, has received 37% of UK rent billed as of the end of 27 March.
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NewsDirectors protected against trading while insolvent
The UK government has announced changes to insolvency laws to prevent company directors being accused of wrongful trading.
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NewsHoward Kennedy: Rules of ‘financial Darwinism’ no longer apply
Unprecedented is a word that’s been used so much in the past few weeks it’s lost of much its intended impact. Yet it’s a reasonable claim from Chancellor Rishi Sunak that the package of emergency measures he introduced last week were indeed without precedent, not only for a Conservative government, ...
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NewsCarluccio’s on the verge administration
Carluccio’s is on the verge of administration, it emerged this evening.
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NewsCity Pub Co raises £15m after share placing
City Pub Group has raised £15m from existing shareholders and other institutional investors this morning after placing 30m of new ordinary shares.
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NewsPizza Hut Restaurants: ‘We are providing a service to the community’
Pizza Hut Restaurants CEO Jens Hofma has told MCA keeping 48 restaurants operating as delivery-only kitchens was the “right thing to do”, by helping ease the pressure on supermarkets and feeding those in need.
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NewsGreene King confirms pay and furlough for all 38,000 staff
Greene King has confirmed pay and furlough arrangements for its 38,000 team members while its pubs remain closed due to coronavirus.
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NewsRoadchef closes restaurants, puts staff on furlough
Roadchef has now closed all its restaurant units and put 1,000 staff on furlough.
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NewsShepherd Neame puts 85% of staff on leave
Shepherd Neame is putting the majority of its staff on temporary leave while asked those remaining to take pay cuts.
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NewsByron hires KPMG to access emergency funding
Byron has hired KPMG to explore options for accessing emergency funding and to shore up its balance sheet, Sky News reports.
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NewsBritish Land releases small tenants from rental obligations
British Land has released its smaller retail, food & beverage and leisure tenants from their rental obligations for three months (April to June).
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NewsJDW agrees to pay furloughed staff
JD Wetherspoon has reversed a decision to withhold staff pay until a government rescue package kicks in.
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NewsBottle shops within breweries exempt from closures
Licenced shops selling alcohol, including those within breweries, are exempt from the UK shutdown, the government has clarified.
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NewsGrind: 'No one will lose their jobs as a result of the virus'
Grind, the restaurant, coffee shop and bar brand, has vowed none of its staff will lose their jobs as a result of the virus.
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NewsShaftesbury: Supporting tenants the ‘right thing to do’
Shaftesbury, the West End landlord, is supporting tenants with rent deferral, to help ease their short-term cash flow issues so they can resume trading once the current restrictions are lifted.
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NewsDoubts emerge over loan scheme
Doubts have emerged over the government’s loan scheme, with bank applications insisting on director personal guarantees.
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NewsJDW accused of abandoning staff
JD Wetherspoon has been accused of abandoning its 43,000 staff after boss Tim Martin insisted the chain could not afford to pay them during the coronavirus crisis until the company was reimbursed for their wages by the government.
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NewsRoadchef to continue ‘as long as possible’ after Mcdonald’s and Costa closures
Roadchef has vowed to carry on serving food on the nation’s road network, despite the loss of McDonald’s and Costa Coffee.
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NewsLeon: 'We have to do the right thing’
Leon has pledged to remain open to feed NHS and other key workers as scores of other operators wind down operations.
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NewsBarclaycard extends contactless limit to £45
Barclaycard is extending its contactless limit to £45 from 1 April 2020 as the UK enters lockdown.