Primark owner calls for extended shopping hours post lockdown. | Kalkine Market Update UK |

  • November 04, 2020 11:17 AM GMT
  • Team Kalkine

Associated British Foods Plc, the owner of fast-fashion retailer Primark, has called for an extended post-lockdown shopping hour to recover Covid losses. George Weston, the chief executive of Associated British Foods (ABF), said the shops should be allowed to open for some extra hours on Sundays and evenings till Christmas. Primark, the high street retailer which does not have an online presence, has lost around £2 billion in sales due to the pandemic and is expected to lose another £375 million in the second lockdown.

Amigo Holdings Plc not to offer fresh loans until next year Amigo Holdings Plc, the largest provider of guarantor loans in the UK, has decided not to offer any new loans until next year. The subprime lender which had put a brake on new lending after the coronavirus outbreak had received 25,571 customer complaints related to different issues. Financial regulator, the Financial Conduct Authority had asked the firm to deal with them within eight weeks, i.e. by 30 October.

* Octopus Energy acquires Upside Energy UK’s tech unicorn Octopus Energy has acquired Upside Energy in a bid to establish the base of its new technology innovation center. The company is establishing a tech hub in Manchester and has announced its intention to create 1,000 jobs across four sites in the UK while revealing its plans for the ‘Silicon Valley of energy’.

 


Disclaimer
The website https://kalkinemedia.com/uk is a service of Kalkine Media Ltd (Kalkine Media), Company Number 12643132. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK