Alan Sugar told to brush up on ad rules over teeth whitening tweet May 6, 2020 Lord Alan Sugar has been given a ticking off by the advertising watchdog for failing to make it clear that his tweet about a teeth whitening kit was an advert. In a tweet posted in December the Apprentice star shared a link to a Stylsmile teeth whitening product, stating: “If you know someone who’s longing [...]
Norman Lamont: Britons not prepared for the economic hardship ‘around the corner’ May 6, 2020 Former chancellor Lord Norman Lamont has warned the government’s furlough scheme has made people complacent and unaware of the coming economic hardship. Lamont, chancellor under Conservative Prime Minister John Major, said the scheme had lulled “people into a false sense of security” and that many do not realise “their jobs have disappeared or are about [...]
Workers should work ‘four days on, 10 days off’ to ease coronavirus lockdown May 5, 2020 The government should tell businesses to enact a “four days on, 10 days off” policy for workers once the coronavirus lockdown is eased, according to one of the UK’s leading chemical biologists. Chair of chemical biology at Imperial College London Professor Keith Willison, writing for the neoliberal think tank Adam Smith Institute, said this cyclical [...]
Government scientist resigns after breaking lockdown to meet his lover May 5, 2020 Government scientist, Professor Neil Ferguson, has resigned from his advisory position after the Telegraph revealed he had broken social distancing rules to meet his married lover. Professor Ferguson, who leads a team at Imperial College London, reportedly allowed a woman to visit him in lockdown while advising the public to social distance. The epidemiologist had [...]
Hiscox launches share placing and predicts business interruption insurance hit of £10m to £250m May 5, 2020 Lloyd’s insurer Hiscox launched an equity placing of 20 per cent of its share capital and said its business interruption insurance exposure could range from £10m to £250m today. Based on its share price at close the placing could raise approximately £400m. Hiscox is facing potential legal action from a group of policyholders who say [...]
Barclays approves over 32,000 ‘bounce back’ loans May 5, 2020 Barclays has approved over 32,000 “bounce back” loans since the scheme was launched yesterday. Yesterday, the bank said it received 35 loan applications per minute when the government launched the new scheme. Barclays UK chief executive Matt Hammerstein told a House of Commons committee that the bank had received 200 applications within minutes of opening [...]
UK warns of state-backed cyber criminals ‘exploiting’ coronavirus crisis May 5, 2020 Cyber criminal groups are using the coronavirus outbreak as an opportunity to target national and international groups responding to the crisis, according to Dominic Raab. The foreign secretary said today that there was evidence that cyber criminals were “stealing bulk personal data, intellectual property and wider information” and that the groups were “often linked with other [...]
Airline body says face masks should be worn on flights to prevent the spread of coronavirus May 5, 2020 The industry body representing global airlines has recommended passengers wear masks on flights to prevent the spread of coronavirus once flying restarts. David Powell, medical adviser to the International Air Transportation Association (IATA), said while normal seat allocation can be maintained, face masks should be worn on board. Some major US airlines have already introduced [...]
Coronavirus: Grosvenor Group ‘very cautious’ on new property deals May 5, 2020 Property group Grosvenor today said it was “very cautious” on new commitments due to the “severe” economic shock caused by the coronavirus crisis. Despite the cautious outlook the company, which is owned by the Duke of Westminster, said it was positive about its planned projects, including a 1,500 home development in Bermondsey and a joint [...]
Virgin Atlantic to cut 3,150 jobs and quit Gatwick base May 5, 2020 Virgin Atlantic will cut a third of its workforce and cease its operations at Gatwick airport in a bid to survive the coronavirus crisis, the embattled airline announced today. The carrier, which will cut 3,150 of 10,000 strong workforce, is the latest airline to announce major job cuts after Ryanair and British Airways. In a [...]