Whitbread to cut 6,000 jobs as Covid-19 hits UK economy – business live

Rolling coverage of the latest economic and financial news, as Whitbread announces thousands of job cuts across its Premier Inns, Beefeater and Brewers Fayre sites

8.07am BST

Shares in Whitbread have fallen 3% at the start of trading in London, to the bottom of the FTSE leaderboard.

September and October are traditionally a period when business bookings pick-up after the quiet summer period, however at this point it is too early to assess the impact of COVID-19 on this traditionally busy booking period.

7.59am BST

Here’s a round-up of the many UK hospitality firms and retailers who have announced major job cuts since the pandemic began:

Pizza Express – 1,100 jobs
7 September: The restaurant chain confirms the closure of 73 restaurants as part of a rescue restructure deal.

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