BUSINESS LIVE: The Restaurant Group to close 125 sites; - This is Money

The FTSE 100 closed down 0.1 per cent or 6.59 points at 6,329.13 and the pound was at $1.27 against the dollar.

The Restaurant Group, which owns Frankie and Benny's and Wagamama, has confirmed plans to close 125 of its sites as it tries to push down rents after the huge hit to the hospitality sector from coronavirus.

Fashion retailer Quiz said it would place its stores unit into administration and then buy the business back so it can try to renegotiate better rental terms. The group's 82 standalone stores in the United Kingdom and the Ireland are the ones affected.

Emirates, one of the world's biggest long-haul airlines, will lay off more pilots and cabin crew, sources have told Reuters, in a bid to stave off a cash crunch caused by the coronavirus pandemic.

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2020-06-10 17:18:19Z
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