5 Things You Need To Know, Today, on Friday 20th November 2020
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5 Things You Need To Know, Today, on Friday 20th November 2020
5. Online news and lifestyle site Buzzfeed is taking over HuffPost in a deal that brings together two of the most high-profile digital media firms.
The price was not discolsed.
4. Fashion chains Peacocks and Jaeger have fallen into administration, putting more than 4,700 jobs and almost 500 shops at risk.
It comes after owner Edinburgh Woollen Mill Group failed to find a buyer for both businesses.
3. Cineworld is looking to arrange a rescue deal that could mean UK cinema closures.
One option being discussed with bank lenders is a company voluntary arrangement, an insolvency process that could help Cineworld cut its rent bill.
2. Millions of public sector workers face a pay freeze in next week's Spending Review.
It comes as Chancellor Rishi Sunak makes the case for pay restraint to reflect a fall in private sector earnings this year.
1. Britain is on course for a double-dip recession as renewed lockdown measures deliver another hammer blow to economic activity, a Reuters poll found.
With much of the country’s dominant service industry forced to close for most of November the economy was expected to contract by 2.5% this quarter, a stark reversal from the 2.6% growth predicted last month.
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