Government would be ‘very unwise’ to ignore Huawei rebels, says David Davis March 10, 2020 The government would be “very unwise” to ignore Conservative rebels on Huawei, even if Downing Street wins today’s key vote, David Davis has warned. Speaking just hours before MPs debated an amendment designed to force the government’s hand on 5G, banning it from using “high risk vendors” after 31 December 2022, the former Brexit secretary [...]
Asda cuts fuel prices after oil price spirals on coronavirus March 10, 2020 Supermarket Asda has cut the price of petrol and diesel amid the Russia-Saudi Arabia oil war. The supermarket has cut its price by 2p per litre (ppl), meaning petrol will cost 114.7p per litre and diesel will cost 116.7p per litre. Asda said they are its lowest fuel prices since November 2017. “It will be [...]
UK banks announce lending support for coronavirus-hit firms March 10, 2020 Some of the UK’s biggest banks have announced measures to help businesses and customers to cope with the economic impact of the coronavirus outbreak. Britain’s largest high-street lender Lloyds said it would offer £2bn of loans without fees to small firms hit by the virus, and said some of the worst-affected businesses would be offered [...]
Ultra’s profits soar after increase in defence spending at home and abroad March 10, 2020 Electronics group Ultra has posted a 113 per cent increase in profits due to new orders. Shares in the company have risen 10.81 per cent as a result to 2,112p. The FTSE 250 listed company released its results for year ending 2019 showing profit before tax had risen to £91m in 2019 from £42.6m in [...]
Global stocks plunge amid oil crash and coronavirus outbreak March 9, 2020 Global stock markets plunged today as a crash in oil prices and the rapid spread of coronavirus caused panic to set in on trading floors around the world. The UK’s FTSE 100 slumped 7.7 per cent in its biggest one-day fall since the 2008 financial crisis. The rout wiped £125bn off the value of the [...]
Diversified Gas and Oil rides out market volatility March 9, 2020 Diversified Gas and Oil posted strong results todayto defy difficulties on the world commodity market. The Alabama-based company reported an adjusted EBITDA of $273.3m (£209.8m) for 2019. Final recommended dividend was 3.50 cents per share, an increase of 24 per cent over the same period in 2018. Total revenue almost doubled to $511.7m, up 87 [...]
Coronavirus: Fifth death in UK as confirmed cases rise to 319 March 9, 2020 A fifth person has died from coronavirus in the UK as the number of confirmed cases in the UK rose to 319. The patient who was in their seventies was being treated at Epsom and St Helier University Hospitals NHS Trust. Chief executive Daniel Elkeles said: “We can confirm that sadly, a patient in their [...]
Coronavirus: Government plans to advise anyone with a minor fever to self-isolate March 9, 2020 The chief medical officer has said the government is planning to advise anyone with a minor respiratory tract infection or fever to self-isolate for seven days to delay the spread of coronavirus. In a press conference with the Prime Minister and chief scientific adviser Sir Patrick Vallance, Professor Chris Whitty said the advice will come [...]
Reforming business rates – is Land Value Tax really a viable alternative? March 9, 2020 | City Talk The Business Rates system has long been considered by businesses as outdated and in need of reform. It imposes its tax burden whether the business is “in the red or the black”, i.e. profitable or not. Also, whilst purported to be a tax on business collected by means of property, it has a distinct bias [...]