• Car Dealer Plus
No Result
View All Result
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
No Result
View All Result

Oct 30 round-up: Fifth of England restricted; Economic recovery hit; Shell restores dividend; New Caddy

James Baggott by James Baggott
October 31, 2020
0
Home News
  • Here are the headlines on Friday, October 30

Fifth of England to be under strictest Covid rules

Nearly a fifth of England will soon be under the toughest coronavirus restrictions as the number of patients in hospital continues to rise.

Nottinghamshire entered Tier 3 this morning, while West Yorkshire will move up to the highest alert level from Monday.

It will take the total number of people in the highest level of restrictions to just over 11m – 19.6 per cent of the population. And with the Tees Valley and the West Midlands expecting to be moved up to Tier 3, millions more people could soon be under the strictest level.

  • Used Car Awards nominations close today – nominate here

IMF cuts growth predictions for UK economy

The International Monetary Fund (IMF) has said the UK’s hopes of a V-shaped recovery will face serious headwinds from a second wave of coronavirus and Brexit, and the economy will not return to pre-pandemic levels in 2021.

Experts at the body said the initial sharp economic rebound was also being hurt by rising unemployment and stress on corporate balance sheets.

The IMF now projects the UK economy will contract by 10.4 per cent in 2020 and only grow by 5.7 per cent next year, worse than previous expectations.

‘Hundreds of thousands on furlough scheme’

Nearly one in every 13 workers in the UK may have been on furlough as of mid-October, just weeks before the government support scheme comes to an end this weekend.

Figures from the Office of National Statistics showed 7.5 per cent of the workforce was receiving support from the government between October 5 and 18, which would be equivalent to more than two million people.

The figures are based on reports from trading businesses who responded to an ONS survey. This is a sharp fall from June 1 to 14, when 29.5 per cent of the country’s workers were benefitting from the scheme.

Channel 4 to repay Government furlough money 

Channel 4 will repay the government around £1.5m it received in furlough payments after finding itself in a ‘robust financial position’.

The broadcaster said it expected to end 2020 with a ‘significant financial surplus’ and planned to reinvest in content.

It has also added a further £11m to this year’s content spend and plans to increase the 2021 content budget significantly.

Lloyds swings back to profit in third quarter

Lloyds Banking Group returned to profit in the third quarter of the year, racing ahead of analysts’ predictions as it achieved more than £1bn before tax.

The company said it was starting to see an encouraging recovery after it took serious hits from the Covid-19 pandemic, which are likely to cost it more than £4.5bn in impairments this year.

Pre-tax profit hit £1.04bn in the three months ending September 30, up from £50m during the third quarter in 2019.

New Volkswagen Caddy to start from £17,800

Volkswagen has announced that its latest Caddy will start from £17,800 ahead of first deliveries commencing early next year.

Replacing a model which had been on sale since 2004, the new Caddy brings a suite of more efficient engines as well as enhanced safety equipment.

Two wheelbase options will be available – either with the regular Caddy Cargo or the elongated Caddy Maxi.

Shell raises dividend months after first cut since Second World War

Oil giant Shell has increased payouts to shareholders following a better than expected third quarter of the year.

Shell said it was planning to increase its dividend by around four per cent to 16.65 US cents per share for the third quarter of the year just a few months after cutting its dividend for the first time since the Second World War.

Shell said supply earnings were £136m during the three months – down 97 per cent on the same time last year.

  • Used Car Awards nominations close today – nominate here

Traders apply the brakes

Traders applied the brakes yesterday following huge selloffs a day earlier over fears that a second wave of coronavirus and new lockdowns in France and Germany could damage global economies.

The FTSE 100 leading index closed the day down just 1.05 points at 5581.75.

The news helped the German Dax close up 0.13 per cent, although warnings from France over Covid-19 restrictions saw the Paris-based Cac close down 0.19 per cent.

Weather warnings as heavy rain set to soak parts of UK

Parts of the UK are set to get soaked over the next few days amid blustery downpours.

The Met Office, which warned everyone to get their “coats and boots at the ready, (with) wet and windy weather to come this weekend”, has issued a series of yellow warnings for rain through to Sunday.

They have been put in place as two separate Atlantic low-pressure systems will track to the north-west of the UK over the weekend, and the remnants of ex-Hurricane Zeta are set to bring further heavy rain and strong winds on Sunday.

  • NEW! Car Dealer Mag issue 152 is out now – Read it here
  • Have you nominated yourself for a Used Car Award? – Do it here
  • Join our breaking news WhatsApp group – Click here to join now
  • Which is the best car manufacturer to represent? – Find out here
Previous Post

UK CV production stable in September but buses bearing brunt of Covid market

Next Post

Used Car Awards will be more important than ever in 2020, says previous winner

Related Posts

Ben launches ‘Breakout for Ben’ industry challenge to raise £1m
News

Ben launches ‘Breakout for Ben’ industry challenge to raise £1m

January 12, 2021
CarGurus and Pistonheads combine into one product to increase audience reach
News

CarGurus and Pistonheads combine into one product to increase audience reach

January 12, 2021
News

Auto Trader’s Rebecca Clark wins top gong in Automotive 30% Club’s most inspiring women of the year awards

January 12, 2021
Carwow enjoys healthy car sales in June – despite nationwide drop
News

Car dealers are ready for action in spite of lockdown, survey reveals

January 12, 2021
Jan 12 round-up: Covid rule-breakers fined; Supermarket mask clampdown; New traveller rules; VW e-Golf values
News

Jan 12 round-up: Covid rule-breakers fined; Supermarket mask clampdown; New traveller rules; VW e-Golf values

January 12, 2021
Used car market stronger than ever as August sees sales up by nearly 50 per cent for Big Motoring World
News

Outdoor car lots can stay open in Scotland – and solo test drives can take place as well

January 12, 2021

Want to receive the latest news?

Sign up to the Car Dealer daily news briefing for the latest news and advice during these unprecedented times.

Subscribe Now
Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK
Car Dealer Top 100

Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK

December 21, 2020
Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs
News

Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs

January 6, 2021
Investigation: Should car dealers be selling and delivering during lockdown?
News

What do we know about online used car dealer Cazoo? Who is Alex Chesterman? And will Cazoo float on the stock market?

January 5, 2021
Become a Car Dealer Plus member and get more out of this website including free legal advice
News

Become a Car Dealer Plus member and get more out of this website including free legal advice

January 5, 2021
Used car dealer Cazoo accused of online-only U-turn as it sets up physical sites and closes Imperial dealerships
News

Comment: Why Cazoo founder was naive to label this used car sales business as ‘flawed at every level’

December 1, 2020
Car Dealer Power

Car Manufacturer of the Year – Where did your manufacturer rank in Car Dealer Power 2020?

November 23, 2020
Investigation: What do car buyers want from online car sales? New research reveals customers’ likes and dislikes
Car Dealer Live

Investigation: What do car buyers want from online car sales? New research reveals customers’ likes and dislikes

November 28, 2020
Car Dealer Power

The best car dealer suppliers named in the Car Dealer Power Awards 2020

November 26, 2020
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
Call us: 020 8125 3880

© 2020 Blackball Media

No Result
View All Result
  • Car Dealer Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100

© 2020 Blackball Media

Log In
Register
Register
Server C