Daily Express {Main} Edition: Country: UK Date: Tuesday 7, April 2020 Page: 8,9 Area: 378 Sq

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Source: Daily Express {Main} Edition: Country: UK Date: Tuesday 7, April 2020 Page: 8,9 Area: 378 sq. cm Circulation: ABC 289679 Daily Ad data: page rate £20,825.00, scc rate £128.00 Phone: 020 7928 8000 Keyword: Stelios Haji-ioannou

AA stockmarket stockmarket bounce as investors bounce ‘see light at end as of the tunnel’ BUSINESS experts hailed a By Mark Reynolds its shops because of the stockmarket bounceback pandemic, announced it will yesterday saying it signalled Williams, at Peel Hunt LLP, ﬁle for administration. growing hopes of recovery. told of “tentative signs that The chain called the move a The rise of more than three equity investors may be look- “light touch” to protect it from per cent in the FTSE came ing through what remains a legal action from creditors amid gloomy economic news worrying pick-up in cases”. while its stores were closed. including pay cuts, furloughing Keith Temperton of Tavira Boss Stefaan Vansteenkiste of staff and Debenhams Securities, said: “We’re seeing said it will mean Debenhams becoming the latest victim of slowing cases in certain can “resume trading from our the high street downturn. sections of Europe and that’s stores when government City analysts said the slight bringing a rush of buying into restrictions are lifted”. bounce showed the market the market.” This will be the second time sees light at the end of the tun- More than 20,000 workers in a year that the chain has nel, with slowing death rates in were last night facing an uncer- ﬁled for administration. It has Italy and Spain, and promising tain future as Debenhams, already closed 22 stores this signs elsewhere in Europe. Ian which has been forced to shut year and plans to shut a further

Reproduced by Gorkana under licence from the NLA (newspapers), CLA (magazines), FT (Financial Times/ft.com) or other copyright owner. No further copying (including printing of digital cuttings), digital reproduction/forwarding of the cutting is permitted except under licence from the copyright owner. All FT content is copyright The Financial Times Ltd. Article Page 1 of 3 484166208 - PRANAN - A12310-1 - 158908943 Source: Daily Express {Main} Edition: Country: UK Date: Tuesday 7, April 2020 Page: 8,9 Area: 378 sq. cm Circulation: ABC 289679 Daily Ad data: page rate £20,825.00, scc rate £128.00 Phone: 020 7928 8000 Keyword: Stelios Haji-ioannou

28 in 2021. The group is still new employment during the liquidity, removing expenditure for the new 20 plate not been deliv- trading “normally” online. ongoing uncertainty.” from the business alongside safe- ered in the early part of the month.” It has furloughed the majority of Meanwhile, the founder of guarding jobs.” Elsewhere, construction suffered its staff who are being paid under easyJet, Sir Stelios Haji-Ioannou, It said Sir Stelios’s call for a its fastest downturn for almost 11 the Government’s coronavirus job has warned that the airline will general meeting would be an years. Tim Moore, at IHS Markit, retention scheme, which pays 80 “run out of money by around “unhelpful distraction”. warned of “an even more severe per cent of a worker’s salary up to August”. He demanded the New car sales in March fell by impact on business activity in the £2,500 a month. cancellation of a £4.5billion order 44 per cent or 203,000 compared coming months”. Julie Palmer, a partner at the with Airbus rather than accept with the same month last year, Consumer confidence was down restructuring firm Begbies Traynor, government bailout loans as well said the Society of Motor 25 points in the last two weeks of said: “Debenhams has been in as boardroom changes. Manufacturers and Traders. March, falling at its fastest rate since financial difficulties for a while so The Luton-based carrier Chief executive Mike Hawes records began in 1974, said GfK. this doesn’t come as a major grounded all of its planes last week said: “Despite this being the The index firm said: “Our falling surprise. and boss Johan Lundgren said he lowest March since we moved to confidence in our personal financial “But it will leave its 20,000-plus could accept the loans. the biannual plate change system, situation and the wider economy strong workforce in a precarious EasyJet said: “We remain it could have been worse had the reflects the new concern for many position who will struggle to get absolutely focused on short-term significant advance orders placed across the UK.”

Reproduced by Gorkana under licence from the NLA (newspapers), CLA (magazines), FT (Financial Times/ft.com) or other copyright owner. No further copying (including printing of digital cuttings), digital reproduction/forwarding of the cutting is permitted except under licence from the copyright owner. All FT content is copyright The Financial Times Ltd. Article Page 2 of 3 484166208 - PRANAN - A12310-1 - 158908943 Source: Daily Express {Main} Edition: Country: UK Date: Tuesday 7, April 2020 Page: 8,9 Area: 378 sq. cm Circulation: ABC 289679 Daily Ad data: page rate £20,825.00, scc rate £128.00 Phone: 020 7928 8000 Keyword: Stelios Haji-ioannou

Gloomy prospects…Debenhams in Worthing, currently closed due to Covid-19