UK businesses battered by COVID-19
by Ben Poole
Two new reports reveal that UK companies have felt a stronger impact from COVID-19 than companies globally.
COVID-19
Background
The COVID-19 coronavirus pandemic has triggered the biggest global financial crisis in over a decade. In the financial services world, it has caused regulatory deadlines to be pushed back, while the…
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33% of the UK’s listed companies issued a profit warning in the first half of 2020, according to an EY report.
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Extent of UK COVID-19 business support revealed
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Through schemes such as CCFF and CBILS, lenders have pumped billions of pounds into UK businesses.
CFOs optimistic on safety as lockdowns lift
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Hardest hit sectors revealed, as German stimulus package announced
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Real estate, hospitality and ICT are the sectors hardest hit by late payment in the UK.
China’s SMEs facing cash flow problems
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Mastercard initiative to inform business and government economic response efforts
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The firm's Recovery Insights tools and research aims to provide data analysis to help companies and governments bounce back from COVID-19.
ECB sounds COVID-19 financial stability warning
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Can the pandemic be a catalyst for global trade digitisation?
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Temporary concessions to digital trade instruments during the pandemic offer a tantalising glimpse at what could be.
Early impact of COVID-19 on European banks revealed
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Payments Update: Rows and new technologies drive the industry forward
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Payment card rows continue; new technologies and processes are used to fight COVID-19
COVID-19 rapidly reshaping banking and payments behaviours
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What does COVID-19 mean for the climate change battle?
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The fundamental question for your CEO: What is your transition plan to reach net zero?
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Two sessions at the ACT’s virtual International Treasury Week showed that climate change is the no. 1 problem not the COVID-19 pandemic
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Digital onboarding for Citi’s institutional clients expanded to 37 Countries in all regions and shows working remotely is no barrier
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The country's Export Credit Agency and Tradeshift have partnered to unlock liquidity in the supply chain.
COVID-19 links
Fitch: Coronavirus Impact Research Highlights
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