Morrisons retail sales surge in lockdown but fuel demand drops May 12, 2020 Morrisons retail sales jumped in the first quarter of the year due to coronavirus stockpiling, however a drop in demand for fuel hurt overall sales. Like-for-like retail sales jumped 5.1 per cent in the 14 weeks to 10 May, driven by a 10.8 per cent surge in sales between weeks 12 and 14 of the [...]
The City View podcast, from City A.M., with Nigel Vaz, CEO of Publicis Sapient May 12, 2020 In this episode Christian is joined by Nigel Vaz, CEO of the digital transformation giant, Publicis Sapient. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Nigel has 20,000 employees across the globe in 53 offices, so he’s confronting changes to the world of work just like every other company. But his [...]
Ten per cent of London’s population may have caught coronavirus May 11, 2020 Ten per cent of London’s population are estimated to have coronavirus antibodies, compared to around four per cent of the UK population, the government’s chief scientific adviser said today. “In London, it might be from that time, maybe 10 percent of people positive for antibodies, suggesting that’s the sort of range of infection, and across [...]
Boris Johnson defends government’s new ‘stay alert’ coronavirus slogan May 11, 2020 Prime Minister Boris Johnson tonight defended the government’s new “stay alert” message in the face of criticism it was unclear. Johnson, in answer to questions from the public and the media, said the clarity of the government’s previous “stay at home” message was difficult to emulate as the UK begins to return to work. Pooja [...]
Business welcomes ‘step forward’ in new work safety guidance May 11, 2020 Business groups have welcomed a “significant step forward” after the government issued safety guidance for employers to help Brits return to work. The so-called Covid-secure guidelines, published this evening, set out practical steps for eight different workplace settings that are allowed to be open, from construction sites to factories and takeaways. It comes after Prime [...]
Hospitality sector calls for additional support for furloughed staff May 11, 2020 The UK’s hospitality sector has called for additional support for furloughed workers to ensure businesses survive the coronavirus lockdown. In a letter to chancellor Rishi Sunak, trade body UK Hospitality today urged the government to extend the existing coronavirus job retention scheme, which is currently set to run until the end of June, and increase [...]
Sir Keir Starmer: Coronavirus roadmap ‘needs clear directions’ May 11, 2020 Sir Keir Starmer has called for greater clarity from the government on its coronavirus recovery strategy in his first televised address. The leader of the opposition was granted a four-minute televised address by the BBC to respond to Prime Minister’s Boris Johnson’s last night in which he laid out the government’s plan for easing the [...]
Rishi Sunak to outline future of furlough scheme tomorrow May 11, 2020 The government will set out details about the future of the coronavirus job retention scheme tomorrow, Prime Minister Boris Johnson has said. The furlough scheme, which is paying 80 per cent of wages for more than 6m British workers, is currently due to run until the end of June. But chancellor Rishi Sunak has reassured [...]
P&O Ferries to cut 1,100 jobs May 11, 2020 P&O Ferries today said it will cut 1,100 jobs after demand for travel was hit by the coronavirus pandemic. The ferry operator said it has started consultations “with a proposal to make around 1,100 of our colleagues redundant.” A spokesperson for P&O Ferries said: “Since the beginning of the crisis, P&O Ferries has been working [...]
Mayor candidate Shaun Bailey: TfL bailout was ‘inevitable’ May 11, 2020 London mayoral candidate Shaun Bailey has claimed that Transport for London’s (TfL) bailout bid was “inevitable” and would have happened even without the coronavirus crisis. The Tory candidate told City A.M.’s daily podcast The City View that TfL was “bankrupt, virtually” and that its bid for a £2bn bailout from central government was because of [...]