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Charity retailers reported improved performance in August with the sector making slow but steady progress towards returning to pre-pandemic levels of sales, a new report from accountancy and business advisory firm BDO has found.
Commenting on the final report of the FCA’s market study into the pricing of home and motor insurance, Santi Restrepo, Financial Services Director at BDO said:
Sector climbs off the bottom but no evidence of V shape recover.Key findings:Output and orders improve but still way below historic averagesSignificant cuts to investment while employment prospects weakenForward looking indicator suggest conditions will improve albeit slowlyJust under a fifth of...
Sharp rise in optimism throughout August after businesses boosted by Government supportEnd of Government support and fears of a second wave could test future optimismEmployment Index drops to a near four year low
COVID-19 exposes pre-existing financial weaknesses but could be catalyst for reform
MID-SIZED BUSINESSES FACING JOB CUTS POST-FURLOUGH 60% of the UK’s medium-sized companies plan to make redundancies once the Coronavirus Job Retention Scheme ends in October.97% of medium-sized businesses have already made redundancies with just over half (54%) cutting between 11% and 20% of...
Catherine Grum joins BDO from KPMG to lead Family Office Services.
Discounting in final week curtails declining sales but recovery remains sluggish and uneven with further uncertainty forecast.
- Impact of coronavirus on the UK manufacturing sector drags down overall increase in business output - - Employment Index falls for a fifth consecutive month, but worse could be yet to come -