caged dog. Photo by Amaya Guizabal on Pixabay

Opinion: coronavirus as window of opportunity

What if… To say life has changed in recent weeks would not only be an understatement, it would actually greatly trivialise current world events. Who, other than some doom & gloom screen writers and Nostradamus enthusiasts, could have presaged that a non-cellular entity invisible to the naked eye, would be able to cause havoc around the globe? Within a matter of weeks, more than a third of the world population finds itself either heavily restricted in movement or in total lockdown, with governments deciding who is allowed, when, for how…

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Coronavirus could kill 20% of UK SMEs – research

Almost a fifth of SMEs will not survive the coronavirus crisis, according to new findings from the Corporate Finance Network.  The group predicted that the closures would take place within the next four weeks despite government support measures, as the pandemic continues to unfold and affect retail. The network, which represents independent accountancy firms across the UK, undertook research amongst 13,000 SMEs to obtain the findings.  It said that the situation “looks even more dire” if the lockdown lasts three months or more, with accountants in the network reporting that…

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A deal between Intu and Hammerson, which owns West Quay ice rink in Southampton, collapsed last week GILES ROCHOLL

Intu gets tough with tenants refusing to pay

Intu has threatened to serve ’statutory demands’ to some tenants that have refused to pay their quarterly rent. In a letter sent to tenants and seen by Property Week, intu warned that it would “take robust action where rent and service charge payments, contracted under lease obligations, are not paid”. The letter stated: “We remain sympathetic to the situation and the difficulties our customers face, but we have our own binding responsibilities to our funders and investors, as you will understand.” A statutory demand is a formal request that a debt…

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