Market Report
Restaurant Group says 10% of sites will remain closed this year
Restaurant Group said on Friday that 10% of its estate will remain closed for the rest of the year as the coronavirus pandemic continues to dent footfall and that it has accessed £50m in government support.
London pre-open: Stocks seen muted amid ongoing Covid-19 concerns
London stocks were set for a muted start on Friday following heavy losses in the previous session as investors continue to fret about the coronavirus pandemic.
Great Portland collects 69pc of June rent, Petropavlovsk investor calls for removal of Hambro
London open The FTSE 100 is expected to open 44 points lower on Friday, having closed down 1. 73% at 6,049. 62 on Thursday.
Friday newspaper round-up: No-deal Brexit, City landlords, Hinkley Point
Pub and restaurant chains traded at half their pre-pandemic levels after reopening across England last weekend, as consumers proved to be wary of visiting their local or eating out. Among those pubs that did open, sales on 4 July and 5 July were 45% below pre-Covid levels, the analysis found. According to the Coffer Peach Business Tracker, which collates sales figures from 32 pub chains, about four out of 10 chain pubs began serving drinks again last weekend after being closed for nearly four months.
Europe close: Stocks drop sharply despite modest improvement in US jobs market
Stocks in Europe ended the session sharply lower despite the release of data showing further modest improvement in the US jobs market over the preceding week.