LATEST BUSINESS NEWS

Pound coins

Pound hit as no-deal Brexit fears ramp up

People walking past closed shops

More than 300,000 redundancies planned in June and July

The London skyline

UK deals plummet amid lockdown as firms put M&A on hold

Mortgage lending

Value of lenders’ new mortgage commitments plunged in second quarter of 2020

Lloyds

Small businesses forced to open fee-paying accounts to get Bounce Back Loans

Fever-Tree drinks

Fever-Tree loses fizz after mass closure of bars and pubs

Halfords stock

Cycling boom drives sales higher at Halfords during pandemic

Channel Tunnel trains

Eurotunnel demand down 28% in August after France loses quarantine exemption

An easyJet plane

EasyJet cuts flights due to quarantine rules

JD Sports

JD Sports half-year profits slide as store footfall remains ‘weak’

A Royal Mail employee empties a post box

Royal Mail delivers 1.1bn fewer letters in lockdown

BP's North Sea headquarters in Aberdeen

BP and Aberdeen City Council sign deal to cut climate emissions

Coronavirus – Fri Jul 24, 2020

Retail sales jump in August as online boom offsets struggling high streets

A barman in PPE place a pint on the bar

Pubs face battle for survival with thousands of jobs at risk, survey suggests

Cash deposits

Signs of return to cash use following lockdown dip, says Post Office

Amazon creates driverless team in Cambridge

Amazon starts work with driverless delivery team in UK

Public Accounts Committee

Up to £3.5 billion of furlough cash stolen or paid out in error, HMRC boss says

Money stock

Markets surge as no deal worries dent sterling