Almost half of UK firms to put staff on furlough next week
Some 47% of UK firms are planning to furlough at least half of their workforce in the next week, as lockdown measures continue to take a toll on companies’ finances.
Some 47% of UK firms are planning to furlough at least half of their workforce in the next week, as lockdown measures continue to take a toll on companies’ finances.
Intu is refusing to let some larger "well-capitalised" tenants avoid paying store rents and service charges during the Covid-19 crisis, saying that it doesn't have the "financial capacity to bankroll" global brands.
Property giant Land Securities, which includes Bluewater among its flagship sites, said on Thursday that it has received two-thirds of the rents it's owed and is financially robust.
The company thinks that it could potentially rise up to £100 million in the sale of the properties as it works to conserve as much cash as possible in the current coronavirus crisis.
German department store chain Galeria Karstadt Kaufhof is seeking protection from creditors to stay afloat, it said on Wednesday, after nationwide store closures to help to contain the spread of the coronavirus.
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