With schools now set to close at the end of the week, full lockdown in the UK could be fast approaching. But encouraging updates from China prove that there is a light at the end of the tunnel. But companies have to get there first and we’re likely to see a huge amount of strain of cash reserves in the coming weeks and months as everyone remains at home. Here are today’s rolling updates.
Next: tough going but a potential winner?
Next (LON: NXT) bosses have put the company through a comprehensive set of stress tests to discover which measures need to be taken in a worst case coronavirus scenario.
The company has already seen its retail operations take a hit and is expecting online to struggle as well now that most of the UK is confined indoors, “People do not buy a new outfit to stay at home”. The…
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