UK oil industry warns 30,000 jobs at risk due to coronavirus April 28, 2020 Up to 30,000 jobs could be lost in the UK’s oil and gas industry due to the market disruption caused by the covonavirus pandemic. According to a survey conducted by sector body Oil and Gas Uk (OGUK), one in five of the 151,000 sector employees could lose their jobs due to the crisis. Oil prices [...]
Five ways to retain your wealth management clients in 2020 April 28, 2020 | City Talk The global wealth management industry is being buffeted by demographic changes among investors, as well as technological advancements such as the arrival of robo-advisers. Recent research commissioned by Bank of America on millennials’ spending priorities in the USA – with millennials defined as those aged 24 to 41 – found that about 25% of those who [...]
Coronavirus: Almost 40 per cent of UK firms expect to cut staff April 28, 2020 Roughly 40 per cent of UK firms expect to lay off staff over the next 12 months, a survey has shown, raising the prospect of many more job cuts in the UK economy. UK unemployment has already surged as coronavirus lockdown measures cause businesses to close or cut costs significantly. Close to 1m people made [...]
Zoopla: £82bn of UK house sales on hold as transactions set to halve in 2020 April 28, 2020 Hundreds of thousands of property transactions have been put on hold as the UK housing market freezes up during the coronavirus lockdown, with house sales set to fall 50 per cent this year. Roughly 373,000 property transactions with a total value of £82bn are on hold after the government put in place strict coronavirus restrictions, [...]
Oil prices on brink of another collapse as storage dries up April 27, 2020 Oil prices were on the precipice this afternoon amid fears that a repeat of last week’s historic collapse into the negative could be on the cards. By mid-afternoon, the price of the June delivery contract for US standard West Texas Intermediate (WTI) had dropped nearly 28 per cent as storage facilities across the country approached [...]
FTSE 100 pushes higher as Europe prepares to relax coronavirus lockdowns April 27, 2020 The FTSE 100 moved higher today as traders reacted to positive signs that European countries were preparing to ease coronavirus lockdown measures. The UK blue-chip index posted a rise of 1.4 per cent , or 81 points, to 5,833 by around 11.30am. The FTSE 100’s upbeat start to the day was more than matched by [...]
NMC Health requests delisting from London Stock Exchange April 27, 2020 Embattled hospital operator NMC Health has requested for its shares to be delisted from the London Stock Exchange after they were suspended two months ago. Shares in the healthcare operator were suspended in February. It was placed into administration this month following an application from lender Abu Dhabi Commercial Bank. It came after the hospital [...]
China’s industrial profits nosedive in the first quarter April 27, 2020 China’s industrial profits improved modestly in March but the near 35 per cent fall indicates the country is still grappling with the effects of the coronavirus on the economy. China’s industrial profits dropped 34.9 per cent in March, compared with a 38.3 per cent drop in the first two months, according to the National Bureau [...]
Italy to ease lockdown measures as coronavirus infections drop April 27, 2020 Italy has signalled an easing of lockdown measures put in place seven weeks ago to battle a sudden lethal spike in coronavirus cases. Italy will begin to relax lockdown measures from 4 May, Prime Minister Giuseppe Conte said. People will be able to visit relatives in small numbers and building sites, factories and parks will [...]
Oil prices plunge amid fears of historic crash repeat April 27, 2020 Oil prices plunged this morning amid signs that the world’s storage facilities were on the brink of capacity, raising fears that producers are not cutting output fast enough to offset the collapse in demand. After last week’s historic crash, which saw the price of US standard West Texas Intermediate (WTI) turn negative for the first [...]