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RSS FeedsBrightHouse and Carluccio`s fall into administration as coronavirus hits economy - business live
(The Guardian Business News)

 
 

30 march 2020 16:51:17

 
BrightHouse and Carluccio`s fall into administration as coronavirus hits economy - business live
(The Guardian Business News)
 


Rolling coverage of the latest economic and financial newsLatest: BrightHouse and Carluccio´s call in administratorsMore than 4,000 jobs at riskEconomists: UK economy faces steep recessionOne in five people expect a depressionEarlier:Introduction: Brent crude hits lowest price since 2002Coronavirus - latest updatesSee all our coronavirus coverage 3.35pm BST All BrightHouse´s outstanding rent-to-own and cash loans remain subject to the original agreed terms and that customers should continue to make payments in the usual way, flags up Money Saving Expert.Those loans are an asset on BrightHouse´s books, so it seems likely that the administrator would find a buyer for them, even if the whole company wasn´t rescued. 3.15pm BST Jim McMahon, Labour & Co-operative MP for Oldham West & Royton, makes a good point:I won´t be mourning the loss of BrightHouse and it´s cynical practices, but I hope we all spare a though for the 2,000+ staff, everyday working people.Collapse of rent-to-own giant confirmed - BBC News https://t.co/rpgfU4iXVm Continue reading...


 
62 viewsCategory: Business
 
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