People wearing face masks, due to the COVID-19 pandemic, walk through an empty shopping center in Leeds, northern England, on November 4, 2020. oli scarff / Agence France-Presse / Getty Images
One in seven UK companies say they had little or no confidence that they would survive the next three months, according to a survey released Thursday showing the depth of the economic crisis caused by the coronavirus pandemic.
The Office for National Statistics said the study, with collections as recent as Nov. 15, found that trust was particularly affected in food and lodging services, with 34% saying they had little or no confidence that they would survive. .
The survey countered other good news on the vaccine front, with a study showing that Oxford University and AstraZeneca AZN, a candidate of + 2.36% produce a strong immune response in older adults who are more susceptible to the virus.
The FTSE 100 UKX, + 0.27% fell 1%, with the previously hot oil sector setting the pace for the declines. BP BP, + 0.26% and Royal Dutch Shell RDSA, + 1.53% each fell by around 3%, although the oil and gas sector FTSE 350 157004, + 0.99% has increased by 27 % during the last month.
Kingfisher KGF, -2.84%, the home improvement retailer operator, fell 5%. It said comparable sales increased 17% in the third quarter ending October 31, although sales growth slowed to 13% through November 14 due to lockdowns in France, Poland and Spain.
Johnson Matthey’s JMAT stock, -3.86% fell 5% as the chemicals maker cut its dividend and provided no financial guidance after reporting a 42% drop in underlying operating profit in its first half fiscal.