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The enormity of the destruction COVID-19 has wrought across many parts of the UK economy is becoming increasingly apparent. At some point in the near future, the pandemic crisis will force all company leaders to ask, “What sort of business do we want to be?”.
Last week the American Retail giant Toys R Us, Inc filed for bankruptcy in North America to help restructure its debts.
Competition will lead to lower prices for customers. Private enterprises will deliver efficient services where state monopolies once wasted more and more taxpayer’s money. Popular capitalism is nothing less than a crusade to enfranchise the many in the economic life of the nation.
Grain Merchant Wellgrain Ltd went into administration earlier this month owning at least £15m to almost 300 creditors.
It is clear that the UK retail market is changing. But before we accept the news that Maplin, Prezzo and New Look are suffering from a brutal winter, let's look at the full picture.
Despite the UK government announcing further easing of lockdown restrictions, early data suggests the UK economy is set for an “incomplete V” recovery. UK businesses cannot sit back and wait for their fortunes to improve with rising economic tides. Those that set their strategic stall out early will be those most likely to face what could be a bumpy road back to “normal”.
On the back of the news that UK retail sales fell by 0.8% for the month of September, Plimsoll has updated its view on the financial health of the UK’s top 100 High Street Retailers.
UK Chancellor Rishi Sunak has told younger members of the UK workforce to get back to the office and that continued working from home will harm their careers. But as the country emerges from the pandemic, how work is carried out in Britain has changed, and both government and employers need to embrace the latest revolution.
Private equity. A means of giving companies access to major resources to fund growth and plan succession or the unregulated, parasitic face of the worst excesses of modern elitist capitalism?
Bovis Homes, one of the UK’s leading House Builders has revived talks to buy Galliford Try’s housing business. Previous talks had fallen flat in May, but this latest, revised proposal is £25million higher and offers Galliford shareholders a ‘large chunk of cash’.