News
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Apr- 2020 -9 April
Have your say: Baselworld lays out refund policy
Baselworld has announced it is planning to withhold exhibitor’s fees for the cancelled 2020 show and instead shift them to the event the following year. MCH Group, which organised the event, said it would now carry forward 85% of the fees to Baselworld 2021, with the remaining 15% used to…
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8 April
Average UK SME does not have enough cash to cover debts due in 2021, says UHY
The average UK SME does not have enough cash to cover debts due in the next year, according to new research from accountancy firm UHY Hacker Young. The firm’s analysis of the balance sheets of more than 13,500 SMEs in the UK showed that the average SME now has only…
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7 April
De Beers contributes £2m to Botswana and Namibia
De Beers Group has announced that it will contribute $2.5m (£2m) across Botswana and Namibia to aid the response to the ongoing coronavirus pandemic in these countries. The jewellery group said it is a “50/50 joint venture” partner with both Botswana and Namibia in the recovery and sorting of rough…
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7 April
CMJ takes ‘unprecedented steps’ to support members
The Company of Master Jewellers (CMJ) announced that it is bringing forward its retrospective rebate payment to members in its latest efforts to provide support amid the pandemic. Retailer members of the association will now receive their retrospective rebate today (7 April), three months earlier than normal. The CMJ has…
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7 April
Theo Fennell launches online auction for charity
Theo Fennell has announced that it is hosting a seven day silent auction on its website, with a percentage of proceeds going towards the Kensington and Chelsea Foundation’s Covid 19 Appeal. The British fine jewellery and silverware brand said that the auction will feature five “one-of-a-kind” pieces, all of which…
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6 April
De Beers Group CFO to depart in July
De Beers Group announced that its chief financial officer, Nimesh Patel, will leave the business at the end of July after four years with the company. Patel will now move from his position to join Spirax-Sarco Engineering as its new CFO and executive director. He joined Anglo American in 2012…
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3 April
Chancellor unveils new measures to SME loan scheme
Chancellor of the exchequer Rishi Sunak has unveiled a major overhaul to his previously announced SME loan scheme. Initially, the Coronavirus Business Interruption Loan Scheme (CBILS) was aimed at businesses unable to secure regular commercial financing as the virus took its toll on the UK’s economy. However, according to Sky…
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2 April
Chancellor set to announce overhaul to SME loan scheme
Chancellor Rishi Sunak is reportedly set to announce an overhaul to the SME loan scheme that will allow companies to access help quicker. According to Sky News, Sunak and members of the Treasury were reportedly in talks with major lenders, including Barclays, HSBC, Lloyds Banking Group and Royal Bank of…
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1 April
A fifth of SMEs at risk of collapse, say experts
Almost a fifth of SMEs will not survive the coronavirus crisis, according to new findings from the Corporate Finance Network. The group predicted that the closures would take place within the next four weeks despite government support measures, as the pandemic continues to unfold and affect retail. The network, which…
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Mar- 2020 -31 March
Covid-19: Stephen Webster supports Mind
Stephen Webster has announced he will donate 10% of all online sales to Mind charity during the coronavirus pandemic. The jeweller said that it is important to monitor mental health during the current pandemic, as “the world can begin to feel a very dark and lonely place”. Mind is a…
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