Every day, there is another legal action between tenants and landlords over unpaid commercial rents. While big chains such as Boots can play hardball, smaller retailers are coming under increasing strain. It is time for government intervention.
Covid-19 is hurting retailers, and the outlook for offices is uncertain. But well-located industrial and logistics space has never been in such high demand.
We have Michael O’Leary taking legal action over travel restrictions even though nobody actually wants to fly – while staycationers are roaming the streets of Ireland’s coastal gems with cash to spend and with few establishments able to relieve them of it.
Foreign exchange markets are notoriously unpredictable. But it now seems certain the Euro will be significantly stronger relative to the dollar at the end of this decade than it is today.
Looking at financial data for the traditional income sources of the media industry, the outlook is gloomy. But the pandemic has restored the public’s confidence in traditional media – now companies and government must capitalise on this.
This was the first reported case involving customers to come before the Tax Appeals Commission. However, if Brexit goes badly, it will certainly not be the last. And this case highlights just how complex and contested it could get.
By loading a small handful of net contributing countries with the unsustainable new burden of funding the rest of the EU27, the new EU deal makes future post-Covid-19 fiscal austerity inevitable for Ireland and nine other net contributing States.
Amid heightened market uncertainty, gold are surging. Options markets, central bank pandemic policies and institutional investors suggest it could have further to go yet. That is why gold is starting to attract a new breed of investor.
The state is not only going to have to bail out a string of commercial semi-states this year as a result of a dramatic fall-off in revenues. But the crisis will also inhibit the capacity of many state-owned companies to hand over handsome dividends to their parent.
Will enough of the high street survive long enough to benefit from consumers spending their hard-earned money? Will the commercial leases these firms have signed survive? And if not, what might the future of the commercial property sector be?
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