Burberry says coronavirus has had ‘more significant impact on sales than Hong Kong protests’ February 7, 2020 Burberry has said that the coronavirus outbreak in China has had a more significant impact on its sales than the last year’s Hong Kong protests. The luxury fashion group has had to close around 24 of its 64 stores in China, while the rest were operating on reduced hours. The Chinese market accounts for around [...]
Coronavirus cruise ship counts 40 more cases February 7, 2020 More than 40 more people trapped on board a cruise ship have contracted coronavirus, it has been confirmed. Now 61 passengers on the Diamond Princess have the illness, with 20 having left the ship for further treatment, according to reports. A total of 78 Brits are believed to be on board the luxury cruise liner, [...]
Fiat Chrysler production at risk due to coronavirus supply chain threat February 6, 2020 Fiat Chrysler may have to stop production at one of its European facilities due to disruption to its Chinese supply chain. The Financial Times has reported that production in the facility could be suspended before the end of February. This comes after several international car companies have reported disruption to their operations following a restriction [...]
Bercow criticised by House of Commons as peerage row rages on February 6, 2020 Former speaker John Bercow has been attacked by the House of Commons for naming staff members in his tell-all book of his time in the chair, which was published this morning. A spokesperson for the House of Commons said: “Staff work incredibly hard to enable the effective functioning of our democracy and have a right [...]
Varadkar teeters on the brink amid Sinn Fein surge February 6, 2020 Irish Taoiseach Leo Varadkar is teetering on the edge of defeat in Saturday’s election, with his Fine Gael party looking likely to lose out as a result of a resurgent Sinn Fein. Most recent polling puts Varadkar’s party third with 17 per cent of the vote, while Sinn Fein has support from around a quarter [...]
Government launches consultation on post-Brexit tariff regime February 6, 2020 The government has called on businesses to consult on the shape of the UK’s new independent global tariff policy, as the country gears up to strike out on its own next year. The Department for International Trade has launched a month-long consultation over its new most favoured nation tariff schedule, which it says will mark [...]
Pension schemes slammed for ‘thin and non-committal’ climate change policies February 6, 2020 Pension scheme trustees are failing to comply with their investment duties on climate change, according to a new report. The UK Sustainable Investment and Finance Association (UKSIF) found that only a third of a sample of trustees have complied with legal transparency requirements and is calling on the Pensions Regulator to carry out a review. [...]
Ryanair misled customers with claims on carbon emissions February 5, 2020 The UK’s advertising watchdog has decided that an advert from Ryanair about its carbon emissions was misleading. The Advertising Standards Authority (ASA) ruled that a press, TV and radio advert, all released in September 2019, wrongly claimed that Ryanair is Europe’s low emission airline. It comes after the UK’s aviation industry made a pledge yesterday [...]
Tullow Oil to cut third of workforce as firm seeks to reduce costs February 5, 2020 Tullow Oil is set to cut a third of its workforce in order to save about $20m (£15.4m) on administrative costs as the firm fights back from November’s share price collapse. The Irish explorer, which focuses its operations on Africa, has begun a process of cost-cutting which could see its staff drop from 950 members [...]