News And Announcements
GVC's Coral, Ladbrokes refuse rent payments - report
Bookmaking company GVC's Ladbrokes and Coral UK operations are refusing to pay rent on more than 3,000 shops to save cash as the coronavirus pandemic hammered profits, Sky News reported on Friday.
People's Bank of China moves to free up ¥400bn to boost SME lending
The People’s Bank of China has cut the amount of cash smaller banks must keep in reserve, as it looks to bolster the country’s economic recovery following the Covid-19 outbreak.
China's services sector sees only marginal recovery
China’s crucial services sector recovered only marginally in March after tumbling to record lows in February, data published on Friday showed.
Eurozone output crashes at 'harrowing' pace, PMI shows
Eurozone economic output crashed at a record pace in March as the coronavirus epidemic took its toll on demand and production, a benchmark survey showed.
UK services sector suffers worst decline on record in March
The UK services sector suffered its worst decline on record in March as the coronavirus outbreak took its toll, according to a survey released on Friday.
Retail sales crash to worst month on record
Retail sales crashed to their worst month on record in March as government coronavirus measures hit trading and consumers tightened their belts, a closely watched survey showed.