Marks & Spencer may shut more shops | Market Update

1 min read | May 20, 2020 10:00 PM EDT | By Team Kalkine Media

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Marks & Spencer has warned it may shut more shops to survive in the post-pandemic world, as it grapples with a growing mountain of unsold clothes. The 136-year-old chain revealed it had been forced to write off £145million on clothes it has been unable to sell during the lockdown, with profits collapsing to a three-decade low.

EasyJet has said it will resume some flights on 15 June, with all passengers and cabin crew told to wear face masks amid the coronavirus pandemic. The airline announced that it would restart a "small number" of routes where there is enough customer demand. The initial schedule will include domestic routes across the UK and France. EasyJet chief executive Johan Lundgren said that "these are small and carefully planned steps".

A 10-minute home saliva test for coronavirus is under development in a deal struck between the billionaire co-founder of online fashion brand BooHoo and a Cambridge-based firm. The antigen test, which would be available to buy, will look similar to a pregnancy test but will use a saliva sample rather than urine, and is designed to give a result within 10 minutes.

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