Jessops, the camera retailer owned by Dragons’ Den’s Peter Jones, has filed a notice to appoint administrators after it was badly hit by lockdown restrictions. The company, which was bought by Mr Jones’s PJ Investment Group in 2013, currently employs 120 staff and runs 17 stores. It has hired insolvency specialists FRP and said it … Read more
Retail and hospitality businesses face ‘bloodbath’ of failures as landlords prepare to call in unpaid lockdown rent By Daily Mail City & Finance Reporter Published: 21:50 BST, 13 September 2020 | Updated: 21:50 BST, 13 September 2020 Retail and hospitality businesses face a ‘bloodbath’ of failures as landlords prepare to call in unpaid rent from … Read more
Tough new restrictions to halt the spread of coronavirus may push unemployment to levels not seen since current records began almost 50 years ago, experts have warned. Economists suggest that, by the end of the year, the jobless total could rise above the 3.28 million total that hit Britain in 1984 – the era of … Read more
Britain’s retailers have cut jobs at the fastest rate since the financial crisis in 2009 and could see yet more job losses in the coming months, a report has revealed. A survey by the Confederation of British Industry (CBI) found the employment balance, which measures the number of retailers laying off and hiring staff over … Read more
The parts of Britain that are claiming the most Government help since lockdown started have been revealed. Blackpool topped the list of areas where working-aged residents claim Universal Credit, with 12.3% of the population, representing an increase of 5.1% since March. Birmingham is next with 10.9%, with Thanet third on 10.5%, then Wolverhampton on 10.4%, … Read more
Covid jobs bloodbath as number of people employed falls by 730,000 since lockdown with benefits claims hitting 2.7million – despite furlough scheme propping up millions of roles Some 730,000 fewer people were employed last month compared to March ONS found the number on payroll fell another 114,000 between June and July Numbers claiming benefits increased … Read more
Luxury fashion firm Burberry has today unveiled plans to lay off 500 workers after the coronavirus lockdown slashed its revenues by half. It is axing 150 office jobs in the UK, where it is headquartered, and a further 350 jobs overseas as it looks to save an extra £55million in annual savings. Retail sales plunged by … Read more
Luxury fashion firm Burberry has today signalled plans to lay off its workers in a bid to save £55million after the coronavirus lockdown slashed its revenues by half. The firm, which employs over 1,000, said that retail sales plunged 45 per cent in the three months to June 27 due to lockdown closing stores. Retail … Read more
Rishi Sunak faces a plea to keep Britain in work as the scale of the jobs bloodbath already under way is revealed today. Almost 200,000 workers at household-name companies have been laid off since the start of lockdown, an analysis by the Daily Mail has found. The Chancellor was told last night that his focus needs … Read more
The hero police officer injured in a knife attack at a Glasgow hotel has said he will never forget the bloodbath and has praised the bravery of his colleagues from his hospital bed where he remains in a stable condition. Constable David Whyte, 42, was one of six people injured during the incident at the … Read more