5 Things You Need To Know, Today, on Wednesday 28th October 2020

Justin Waite
5 Things You Need To Know
06:10, 28th October 2020

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5 Things You Need To Know, Today, on Wednesday 28th October 2020

5. Stores refusing to accept cash have left consumers unable to buy basics such as groceries and medicine, according to Which?

The consumer group warned the cash system is being threatened as shops have declined payments using banknotes and coins during the coronavirus crisis.

(Click here to read more)

 

4. Prices in British shops fell more slowly this month than in September, reflecting the smallest discounting for non-food items since the start of the coronavirus pandemic.

The British Retail Consortium said its shop price index showed a 1.2% annual fall in prices in October compared with a 1.6% drop in September.

(Click here to read more)

 

3. Germany's Mercedes-Benz is to raise its stake in Aston Martin Lagonda as part of the UK carmaker's recovery plan.

Aston Martin, which has haemorrhaged cash since a disastrous stock market flotation, said Mercedes will increase its holding "in stages" from 5% to 20%.

(Click here to read more)

 

2. Farmers are warning they will still need thousands of foreign workers for the UK harvest next year despite a campaign to attract domestic workers.

National Farmers Union (NFU) figures, reveal only 11% of seasonal workers in the 2020 season were UK residents.

(Click here to read more)

 

1. Young and ethnic minority workers were more likely to be made unemployed post-furlough.

A survey of about 6,000 adults by the Resolution Foundation found 19% of 18-24 year olds who were furloughed during lockdown were unemployed in September.

(Click here to read more)

 

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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