In the context of a CV19 impacted H1, today’s interims are pleasing. The main positive news is that trading in the last 12 weeks since re-opening has been relatively strong – revenue back at 80% of pre CV19 levels. This is one of the stronger prints we have seen in the sector, reflecting the local / wet led nature of the City offering. 37 of the 48 sites are reopen, with closures mainly of those that are London biased. Streamlining and consolidating suppliers has fed through to an uptick in gros ....
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Interims reassure on strength of current trading
- Published:
30 Sep 2020 -
Author:
Sahill Shan -
Pages:
3
In the context of a CV19 impacted H1, today’s interims are pleasing. The main positive news is that trading in the last 12 weeks since re-opening has been relatively strong – revenue back at 80% of pre CV19 levels. This is one of the stronger prints we have seen in the sector, reflecting the local / wet led nature of the City offering. 37 of the 48 sites are reopen, with closures mainly of those that are London biased. Streamlining and consolidating suppliers has fed through to an uptick in gros ....