Underlining the impact of the pandemic on the tourism industry, the travel group revealed sales had been virtually wiped out with just one in six summer holidays for this year.
Daily Mail Business Articles
Astrazeneca signs deals to sell coronavirus vaccine to Argentina and Mexico
Argentinian president Alberto Fernandez (pictured) said they would produce enough doses of the Covid-19 jab for the whole of Latin America, excluding Brazil.
ALEX BRUMMER: ‘Woke’ Unilever finds itself under fire on two fronts
Unilever’s hipster ice cream offshoot Ben & Jerry’s is being criticised for using Twitter to attack Home Secretary Priti Patel over her proposal to use the Royal Navy to cut off channel-crossing migrants.
HSBC to clamp down on how much it will loan to borrowers buying flats
The move will make it harder for house hunters hoping to cash in on the recent stamp duty cut introduced by chancellor Rishi Sunak to kickstart the property market.
Watches of Switzerland sales soar as the rich splash out in lockdown
Sales at Watches of Switzerland rose 5 per cent to £811m in the year to April 26, even though lots of its stores were closed for several weeks at the end of the period because of lockdown.
Asos booms in lockdown: Sportswear and fewer returns help sales surge
Shoppers at Asos bought more comfortable sports gear, rather than dresses and suits, meaning that clothes ordered online are more likely to fit. Make-up and skincare products have also been popular.
Stay-at-home Brits fuel Just Eat sales: Orders up 32% in first half
The food delivery firm received 257m orders in the first half of 2020, up 32 per cent on last year. That fuelled a 44 per cent increase in revenues, which rose to more than £900m for the period.
MARKET REPORT: Landlord Capco under strain with lockdown
Capital & Counties said it has no idea when trading will return to normal for its restaurant, shop and bar tenants – even though early indicators since lockdown measures were lifted have been promising.
Lockdown productivity slump was worse than 1974’s 3-day week
The ONS said the period between April and June saw the largest fall in productivity on record, including when the three-day working week was introduced by Ted Heath’s government in 1974.
Dr Martens kicks back furlough cash as sales continue to grow
The boot retailer, which counts supermodel Gigi Hadid (pictured) among its fans, said it was ‘morally right’ to return cash it claimed after furloughing staff at stores and its manufacturing site.