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Author of the article: Edmonton Journal
Publishing date: May 08, 2021  â¢Â 1 hour ago  â¢Â 2 minute read  â¢Â High Level Diner restaurant employee France Vargas serves a customer on the restaurant s outdoor patio in Edmonton on Wednesday May 5, 2021. The Alberta government announced new pandemic health restrictions yesterday. Indoor restaurant dining is prohibited and all outdoor restaurant patios must shut down effective 11:59pm on Sunday May 9, 2021. Photo by Larry Wong /POSTMEDIA
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With the recent announcement of restrictions on restaurant patios and personal services, it begs the question: whereâs the data to support the shutdowns on these businesses? Are these just the easy pickings for the government to shut down?
NewRiver is today providing a trading and strategy update ahead of the announcement of our Full Year Results on 3 June 2021. During the pandemic period we have significantly improved our strong cash and liquidity position, achieving this through our successful retail disposal programme, tightly controlling capital expenditure and making good progress on rent collection. As a result, we ended the financial year with £198 million of cash and undrawn revolving credit facilities, increased from £127 million at 31 March 2020. Our independent valuers are now concluding their work on valuing our property portfolio as at 31 March 2021. The indicative outcome of this exercise is that our valuation decline in the second half of FY21 will be less than that reported in the first half. Retail parks have returned to positive capital growth, our pub and regeneration portfolios have experienced only modest capital declines and our core s