UK banks warned: don’t let Covid-19 destroy good firms – business live

UK banks warned: don’t let Covid-19 destroy good firms – business live

Global oil market prices may still be under pressure but the market price for a niche petrochemical used to make hand sanitisers has more than doubled to reach a new record high.. The commodity experts said some traders were offering to pay between €5,000 to €6,000 a tonne because the chemical ingredient has become so scarce in the market following a surge in demand for hand sanitiser.. Grocers reported exceptionally strong growth in sales volumes in the year to March, as did specialist food and drink firms.. You'll be unsurprised to hear that retail sales volumes are expected to fall sharply in the year to April, with retailers more pessimistic than at any time since April 2009.. Orders are expected to fall across most sectors in the year to April (including grocers), with expectations the weakest since April 2009.. We have decided to waive all overdraft interest until the end of April, meaning there will be no charges for customers to use their arranged overdraft.. We are reviewing all options to help customers after this time to ensure we support those in financial difficulty.". As well as help from their banks , UK businesses also want more clarity about whose