5 Things You Need To Know, Today, on Wednesday 3rd June 2020
Justin Waite
5 Things You Need To Know
05:12, 3rd June 2020

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5 Things You Need To Know, Today, on Wednesday 3rd June 2020

5. The owner of Frankie & Benny's and Garfunkel's is set to tell staff that a "large number" of its outlets will not reopen after lockdown.

In an email to staff, the Restaurant Group says many sites are "no longer viable to trade and will remain closed permanently."

(Click here to read more)

 

4. Video conference company Zoom said it expects sales as high as $1.8bn (£1.4bn) this year - roughly double what it forecast in March.

Use of the firm's software jumped 30-fold in April, at its peak, the firm counted more than 300 million daily participants in virtual meetings.

(Click here to read more)

 

3. Australia is set for its first recession in 29 years as the country feels the impact of the virus pandemic.

Official figures show that the economy shrank by 0.3% in the first three months of the year, amid bushfires and the early stages of the outbreak.

(Click here to read more)

 

2. The UK's largest car manufacturing plant is "unsustainable" if the UK leaves the European Union without a trade deal, owner Nissan says.

The Japanese company's global chief operating head said people had to understand the EU was the Sunderland factory's biggest customer.

(Click here to read more)

 

1. Portugal's foreign minister has said anyone in the UK thinking of going to Portugal this summer would be "most welcome" amid coronavirus.

Augusto Santos Silva said tourists will be warned how full beaches are so that they can avoid crowded spots.

(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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